Bitcoin miners within the US are consuming the identical quantity of electrical energy as all the state of Utah, amongst others, based on a brand new evaluation by the US Energy Information Administration. And that’s thought of the low finish of the vary of use.
Electrical energy utilization from mining operations represents 0.6% to 2.3% of all of the nation’s demand in 2023, based on the report launched Thursday. It’s the first time EIA has shared an estimate. The mining exercise has generated mounting issues from policymakers and electrical grid planners about straining the grid during times of peak demand, power prices and energy-related carbon dioxide emissions.