Power Compare

The 66 Countries Where Annual Average Electricity Consumption Per Person Is Less Than 1 Bitcoin Transaction

The 66 Countries Where Annual Average Electricity Consumption Per Person Is Less Than 1 Bitcoin Transaction

The map above is a world map only showing countries who’s annual average electricity consumption per person is less than that used to perform 1 Bitcoin Transaction (819 KWh according to the Bitcoin Energy Consumption Index).

A few quick facts:

  • 66 countries/territories consume less electricity per person per year than that used for a single Bitcoin transaction (819 KWh at the time of writing).
  • Over 1.5 billion people (20% of the World’s population) live in these countries which include: Pakistan, Bangladesh, Nigeria and Ethiopia.
  • It takes an estimated 94,000 KWh of electricity to mine one Bitcoin, which is almost double the average annual consumption per person in Iceland, which has the world’ highest per capita electricity usage.
  • Mining one Bitcoin would also be enough to provide electricity for approximately 6 Canadians, 8 Americans, 10 Aussies or 20 Brits for an entire year.

Last year we wrote about how Bitcoin Mining Was Now Consuming More Electricity Than 159 Countries (update here) and The Estimated Electricity Cost Of Mining One Bitcoin By Country.

A lot has changed over the past 12 months.

For starters, Bitcoin is now worth “only” $6,338, far below it’s peak at $19,962 in December of last year.

However, one thing that hasn’t changed is that Bitcoin mining continues to use huge amount of energy, although the rate of increase has more or less stalled due to the lower price.

Based on the Bitcoin Energy Consumption Index (criticism of it can be found here), one single transaction now consumes an estimated 819 KWh of electricity, enough to power an average US household for 27 days or for many people around the world more electricity than they’ll use in a single year.

Based on Quandl’s data for September 2018 – there were 1,436 transactions per block and each block generates 12.5 Bitcoins.

This means that mining one Bitcoin coin currently uses an estimated 94,000 KWh of electricity ([1,436 transactions * 819 KWh per transaction] / 12.5 Bitcoins per Block).

To put that in perspective, that is 2X what an average Icelander will consume in a year or 6X an average Canadian, 8X an average American, 10X an average Aussie or 20X an average Brit.

Here’s a map showing Where Annual Average Electricity Consumption Per Person Is Less Than Mining One Bitcoin (Hint it’s every country in the world).

Where Annual Average Electricity Consumption Per Person Is Less Than Mining One Bitcoin

And in case your’re curious here’s a full list of countries by per capita electricity usage.

Country/TerritoryAverage electrical energy (kWh per person per year)
Mining One Bitcoin94,086
 Iceland50,613
 Liechtenstein35,848
 Norway24,006
 Kuwait19,062
 Bahrain18,130
 United Arab Emirates16,195
 Qatar15,055
 Canada14,930
 Finland14,732
 Sweden12,853
 United States12,071
 Luxembourg10,647
 Taiwan10,632
 Cayman Islands10,477
 Australia9,742
 Korea, South9,720
 Saudi Arabia9,658
 Guam9,217
 New Zealand8,939
 Brunei8,625
 Bermuda8,506
 Marshall Islands8,177
 Singapore8,160
 Austria8,006
 Macau7,532
 Russia7,481
 Saint Pierre and Miquelon7,479
 Trinidad and Tobago7,456
 Oman7,450
 Japan7,371
 Israel7,319
 New Caledonia7,263
 Belgium7,099
  Switzerland7,091
 Aruba7,039
 Gibraltar6,819
 Germany6,602
 Slovenia6,572
 Andorra6,565
 Estonia6,515
 Curacao6,495
 France6,448
 Jersey6,425
 Netherlands6,346
 Faroe Islands5,945
 Hong Kong5,859
 U.S. Virgin Islands5,828
 Denmark5,720
 Czech Republic5,636
 Puerto Rico5,310
 Slovakia5,207
 Greenland5,196
 Ireland5,047
 Kazakhstan4,956
 Greece4,919
 Bahamas4,888
 Spain4,818
 Malta4,817
 United Kingdom4,795
 Falkland Islands4,759
 Italy4,692
 China4,475
 Montenegro4,343
 Bulgaria4,338
 Portugal4,245
 Malaysia4,232
 Northern Mariana Islands4,190
 Montserrat4,061
 Croatia3,933
 South Africa3,904
 Turks and Caicos Islands3,888
 Saint Kitts and Nevis3,821
 Serbia3,766
 Chile3,739
 Poland3,686
 Lithuania3,468
 Latvia3,459
 Belarus3,448
 Macedonia3,314
 Cook Islands3,308
 Suriname3,243
 Ukraine3,234
 Cyprus3,234
 Seychelles3,219
 Antigua and Barbuda3,205
 Niue3,126
 Barbados3,087
 Uruguay2,984
 British Virgin Islands2,921
 Bosnia and Herzegovina2,848
 Bhutan2,779
World2,674
 Argentina2,643
 Iran2,632
 Turkey2,578
 Lebanon2,565
 Albania2,564
 Venezuela2,523
 Brazil2,516
 Turkmenistan2,456
 French Polynesia2,453
 Nauru2,424
 Thailand2,404
 Romania2,222
 Hungary2,182
 Panama2,105
 Azerbaijan2,025
 Georgia1,988
 Jordan1,954
 Mexico1,932
 Mauritius1,928
 West Bank1,927
 Kyrgyzstan1,920
 Costa Rica1,888
 Mongolia1,847
 American Samoa1,845
 Saint Lucia1,824
 Grenada1,798
 Micronesia, Federated States of1,705
 Botswana1,674
 Armenia1,671
 Uzbekistan1,628
 Kosovo1,533
 Namibia1,518
 Egypt1,510
 Tajikistan1,440
 Dominican Republic1,427
 Libya1,421
 Paraguay1,413
 Cuba1,400
 Korea, North1,347
 Tunisia1,341
 Vietnam1,312
 Ecuador1,305
 Colombia1,270
 Peru1,268
 Moldova1,226
 Dominica1,223
 Algeria1,216
 Gabon1,207
 Saint Helena, Ascension and Tristan da Cunha1,193
 Belize1,130
 India1,122
 Iraq1,101
 Guyana1,087
 Indonesia1,058
 Swaziland1,033
 Syria989
 Saint Vincent and the Grenadines977
 Jamaica942
 El Salvador925
 Philippines885
 Fiji874
 Morocco861
Bitcoin Transaction819
 Maldives763
 Nicaragua739
 Zambia709
 Bolivia683
 Honduras595
 Guatemala586
 Laos555
 Zimbabwe549
 Cabo Verde542
 Samoa502
 Sri Lanka494
 Djibouti472
 Mozambique462
 Papua New Guinea441
 Tonga436
 Lesotho409
 Pakistan405
 Angola401
 Bangladesh351
 Ghana341
 Sao Tome and Principe329
 Sudan269
 Kiribati260
 Cambodia256
 Cameroon250
 Ivory Coast244
 Mauritania217
 Senegal209
 Vanuatu201
 Myanmar193
 Yemen189
 Congo, Republic of the185
 Kenya162
 Gambia149
 Western Sahara142
 Afghanistan141
 Togo141
   Nepal134
 Nigeria128
 Solomon Islands124
 Equatorial Guinea120
 Congo, Democratic Republic of the114
 Malawi102
 Timor-Leste99
 Tanzania95
 Benin93
 Mali80
 Guinea74
 Uganda70
 Liberia69
 Ethiopia65
 Niger64
 Burkina Faso61
 South Sudan55
 Madagascar53
 Eritrea51
 Comoros51
 Rwanda38
 Haiti38
 Burundi36
 Central African Republic36
 Sierra Leone33
 Somalia27
 Guinea-Bissau17
 Chad16
 Gaza Strip0.1

Note about data/sources:

There are two important things to note about the data above. First, is that we’ve used the Digiconomist Bitcoin Energy Consumption Index, which has it’s critics. We won’t go into them here, but just keep in mind they are providing an educated estimate.

The second is that electricity consumption per capita data comes from Wikipedia. This means most of the data is a couple of years out of date and comes from a variety of sources. Moreover, the numbers here represent the total amount of electricity consumed in a country divided by the population. Thus, it includes not just electricity used in homes but also offices, shops, factories, etc.

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