Bitcoin mining accounts for 0.6% to 2.3% of U.S. electricity consumption
US Energy Information Administration (EIA) has released a report detailing the power consumption of the country's bitcoin mining industry. The report shows that the annual electricity demand of US bitcoin mining facilities ranges from 0.6% to 2.3%. According to these statistics, the electricity consumed by US bitcoin miners is enough to meet the demand of the entire state of Utah.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
UNI Rises Over 11% Amid Whale Purchases
A Whale Shorted $3.37M on PEPE with 3x Leverage
SEC Delays Decision on Grayscale’s AVAX, ADA ETFs
VivoPower Raises $121M for XRP Treasury Strategy
Trending news
MoreCrypto prices
More
