Summary
The article states that a report by the US Department of Energy estimates that Bitcoin mining in the US consumes between 0.6% and 2.3% of all electricity used in the country. This is seen as excessive, with even the lower end of the estimate being compared to the annual electricity usage of states like Utah and West Virginia, and the higher end being equivalent to the power consumption of six million homes.
Key Points
1. The estimate provided by the agency suggests that U.S.-based Bitcoin miners consume between 0.6% and 2.3% of all U.S. electricity consumption.
2. The lower end of the estimate is still significant, equating to the annual electricity usage of states like Utah or West Virginia.
3. The higher end of the estimate is even more alarming, being equivalent to the power consumption of approximately six million homes.