Just 137 crypto miners use 2.3% of total U.S. power — government now requiring commercial miners to report energy consumption
Just 137 crypto miners use 2.3% of total U.S. power — government now requiring commercial miners to report energy consumption
The U.S government wants to crack down on the ballooning energy consumption of Bitcoin miners.
Just 137 crypto miners use 2.3% of total U.S. power — government now requiring commercial miners to report energy consumption::The U.S Energy Information Administration is now requiring large-scale cryptomining operations to report their energy consumption. Inevitably this will bring about new regulations that will restrict the energy consumption of miners in the future.
ITT: Butthurt crypto bros
Wow. No kidding. I lost a very close friend who got obsessed with the "get rich quick" aspect of crypto, and these losers sound just like he did. Granted, there were a multitude of other reasons I stopped talking to him, but holy fuck
Let's waste 2.7% energy for some virtual asset with purely speculative value while we warm our planet past the 1.5C. All out of greed.
Fake news
Which part?
Seriously. This is so much bullshit. The bigger operations are out in the north west where hydro power is abundant and cheap. I'm sure plenty of others have made moves to run on solar or wind as well. Power costs make or break profitability for a crypto mine.
Everyone downvoting this has no idea what it takes to mine crypto. If I cared enough about the peanut gallery here I would find one of my spreadsheets from years ago where I calculated the cost of mining versus buying directly. Most of the time for individuals and those wanting to hold it, buying was the best option. The only way these big operations make any money is getting kwh as cheap as possible and taking a fee from those paying them to mine for them.
Even with commercial rates, you'd have to be a trump size moron to setup shop in and around any city or town full of people.
You are talking like if this was creating any real value. Replace "mining crypto" with "wasting" in these.
4.231billion kwh generated in 2022 https://www.eia.gov/tools/faqs/faq.php?id=427&t=3
That's ~97m kwh from 2.3%
Split up, is 710k kwh each.
There are 8760 hours in a year.
I don't think this adds up.
So ya this article may need to check it's numbers.