this post was submitted on 03 Feb 2024
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397
Over 2 percent of the US’s electricity generation now goes to bitcoin (arstechnica.com)
submitted 1 year ago by [email protected] to c/[email protected]
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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.

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[–] [email protected] 14 points 1 year ago* (last edited 1 year ago)

At first I thought the article was inaccurate but It sounds like there has been a huge increase in US Bitcoin mining since 2020.

Some interesting information from their source article:

"The CBECI estimates that the global share of Bitcoin mining occurring in the United States rose from 3.4% in January 2020 to 37.8% in January 2022"

"the CBECI estimates put electricity supporting Bitcoin mining in 2023 at about 0.2% to 0.9% of global demand for electricity."