This metric estimates the global power consumption of the Bitcoin ASIC fleet, assuming all operational rigs are of a uniform rig device model.

This is a gross oversimplification, as the true ASIC fleet is made up of a wide array of rig models, power sources, and geographies. As such, this tool is best considered under a framework of comparing the efficiency gains in power consumption across ASIC rig generations. It may also be used to assess observe upper and lower bands of network energy demands.

This model can be reasonably compared to the lower, best estimate, and upper bound energy bands of the Cambridge Bitcoin Energy Consumption Index. Older generation ASIC hardware represents an upper bound (since many become unprofitable and drop off), whilst later generations are a lower bound (as not all rigs are the latest and most efficient generation).

The following reference ASIC rig models are considered:

• 🟣 S9 Antminer (13.5 Th, 1323W, Feb-2017)
• 🔵 S17 Antminer (56 Th, 2520W, Apr-2019)
• 🟡 S19 Pro Antminer (110 Th, 3250W, May 2020)
• 🔴 S19 XP Hyd Antminer (255 Th, 5304W, Oct 2022)

Note: Traces are shown for all history for comparative purposes. Analysts should consider the ASIC launch dates listed above.