London Daily

Focus on the big picture.
Friday, Jun 20, 2025

Predicting Bitcoin’s Future Energy Use Based on Data

Predicting Bitcoin’s Future Energy Use Based on Data

Based on public data, by 2026, emissions from Bitcoin will be less than a third of what they are today and by 2031, there will be none.

Hass McCook, one of the researchers and authors focusing on bitcoin’s energy use, predicts based on data that by 2031 bitcoin will have zero emissions. He’s recent article is a very interesting read, considering that mainstream media’s take on bitcoin and its energy use has been more of an inquisition than a trial.

Due to the level of publicly-available information about Bitcoin, you would think we’d get better attempts at analysis from critics. One of the most widely debunked, yet still widely referenced claims of “academia” is that Bitcoin will single-handedly increase the planet’s temperature by 2 degrees Celsius. By the end of this piece, you’ll see that the opposite is true, with Bitcoin’s emissions likely to have already peaked a few months ago, and that in 10 short years, it’s likely that Bitcoin won’t emit anything at all.

When one understands the basic fundamentals of business, competition and innovation, projecting future energy use of Bitcoin is trivial. Indeed, I and many others have done it with some degree of success in 2014, 2016 and 2018. I’m not able to see into the future this way because I’m necessarily wise or intelligent, I’m able to see into the future because Bitcoin voluntarily shows it to me. I just have to understand where to look.

The key to my “predictive successes” over the past seven years all boils down to a strong assertion that Bitcoin mining is the closest thing to a perfectly competitive market that has ever existed in the real world.

In the next sections, I will go through the basics of perfect competition and how miners tick as a result of this. I will then provide five- and 10-year predictions on price, hash rate and technology, and the energy mix of the Bitcoin network. From there, I will conclude with the total energy use and emissions of the Bitcoin network in 2026 and 2031.

Read the full article on Fintechs.fi

Comments

Oh ya 4 year ago
Panatimes is there anything happening in the world other than crypto and fashion? Your site is off the rails. It is called panatimes because it should cover some news about Panama

Newsletter

Related Articles

0:00
0:00
Close
16 Billion Login Credentials Leaked in Unprecedented Cybersecurity Breach
Senate hearing on who was 'really running' Biden White House kicks off
Iranian Military Officers Reportedly Seek Contact with Reza Pahlavi, Signal Intent to Defect
FBI and Senate Investigate Allegations of Chinese Plot to Influence the 2020 Election in Biden’s Favor Using Fake U.S. Driver’s Licenses
Vietnam Emerges as Luxury Yacht Destination for Ultra‑Rich
Plans to Sell Dutch Embassy in Bangkok Face Local Opposition
China's Iranian Oil Imports Face Disruption Amid Escalating Middle East Tensions
Trump's $5 Million 'Trump Card' Visa Program Draws Nearly 70,000 Applicants
DGCA Finds No Major Safety Concerns in Air India's Boeing 787 Fleet
Airlines Reroute Flights Amid Expanding Middle East Conflict Zones
Elon Musk's xAI Seeks $9.3 Billion in Funding Amid AI Expansion
Trump Demands Iran's Unconditional Surrender Amid Escalating Conflict
Israeli Airstrike Targets Iranian State TV in Central Tehran
President Trump is leaving the G7 summit early and has ordered the National Security Council to the Situation Room
Taiwan Imposes Export Ban on Chips to Huawei and SMIC
Israel has just announced plans to strike Tehran again, and in response, Trump has urged people to evacuate
Netanyahu Signals Potential Regime Change in Iran
Juncker Criticizes EU Inaction on Trump Tariffs
EU Proposes Ban on New Russian Gas Contracts
Analysts Warn Iran May Resort to Unconventional Warfare
Iranian Regime Faces Existential Threat Amid Conflict
Energy Infrastructure Becomes War Zone in Middle East
UK Home Secretary Apologizes Over Child Grooming Failures
Trump Organization Launches 5G Mobile Network and Golden Handset
Towcester Hosts 2025 English Greyhound Derby Amid Industry Scrutiny
Gary Oldman and David Beckham Knighted in King's Birthday Honours
Over 30,000 Lightning Strikes Recorded Across UK During Overnight Storms
Princess of Wales Returns to Public Duties at Trooping the Colour
Red Arrows Use Sustainable Fuel in Historic Trooping the Colour Flypast
Former Welsh First Minister Addresses Unionist Concerns Over Irish Language
Iran Signals Openness to Nuclear Negotiations Amid Ongoing Regional Tensions
France Bars Israeli Arms Companies from Paris Defense Expo
King Charles Leads Tribute to Air India Crash Victims at Trooping the Colour
Jack Pitchford Embarks on 200-Mile Walk to Support Stem Cell Charity
Surrey Hikers Take on Challenge of Climbing 11 Peaks in a Single Day
UK Deploys RAF Jets to Middle East Amid Israel-Iran Tensions
Two Skydivers Die in 'Tragic Accident' at Devon Airfield
Sainsbury's and Morrisons Accused of Displaying Prohibited Tobacco Ads
UK Launches National Inquiry into Grooming Gangs
Families Seek Closure After Air India Crash
Gold Emerges as Global Safe Haven Amid Uncertainty
Trump Reports $57 Million Earnings from Crypto Venture
Trump's Military Parade Sparks Concerns Over Authoritarianism
Nationwide 'No Kings' Protests Challenge Trump's Leadership
UK Deploys Jets to Middle East Amid Rising Tensions
Trump's Anti-War Stance Tested Amid Israel-Iran Conflict
Germany Holds First Veterans Celebration Since WWII
U.S. Health Secretary Dismisses CDC Vaccine Advisory Committee
Minnesota Lawmaker Melissa Hortman and Husband Killed in Targeted Attack; Senator John Hoffman and Wife Injured
Exiled Iranian Prince Reza Pahlavi Urges Overthrow of Khamenei Regime
×