Just 137 Crypto Miners Use 2.3% Of Total U.S. Power
The U.S. Energy Information Administration (EIA) is requiring large-scale commercial cryptocurrency mining operations to report their power consumption as part of a larger effort to regulate and penalize the industry due to its high energy consumption.
A study by Inside Climate News suggests that cryptocurrency mining represents up to 2.3% of U.S. power demand.
The EIA identified 137 cryptomining facilities in January 2024 and found that all U.S.-based operations consume 0.6% to 2.3% of the nation’s electricity consumption alone.
Experts project that Bitcoin mining worldwide will consume between 0.2% and 0.9% of global demand, which is comparable to the power consumption of Greece or Australia individually.
(With inputs from Shikha Singh)
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