US government tracking the energy implications of booming bitcoin mining in US.

Over 2 percent of the US’s electricity generation now goes to bitcoin::US government tracking the energy implications of booming bitcoin mining in US.

  • workerONE@lemmy.worldEnglish
    0·
    1 year ago

    The article is inaccurate and misleading according to their own source of information: “Our preliminary estimates suggest that annual electricity use from cryptocurrency mining probably represents from 0.6% to 2.3% of U.S. electricity consumption.”

    All cryptocurrencies together may make up 0.6% of US energy consumption according to their own source, Bitcoin would only be a portion of that. With that said it’s obviously a problem that Bitcoin is using so much electricity.