Bitcoin mining accounts for 0.6% to 2.3% of US electricity consumption.

Indra55

The U.S. Energy Information Administration (EIA) has released a report detailing the electricity consumption of the country's Bitcoin mining industry. The report indicates that the annual electricity demand of Bitcoin mining facilities in the United States ranges from 0.6% to 2.3%. According to these statistics, the electricity consumed by Bitcoin miners in the United States is sufficient to meet the entire demand of the state of Utah.

Kalkin995

This electricity consumption is actually quite high.

Kahn332

The amount of consumption is also relatively high.

Nimmi373

Does mining consume so much energy? Does it really have any significance?

Jafar224

Electricity consumption needs to be considered as well.