Bitcoin miners in the United States consume the same amount of electricity as the entire state of Utah, among other states, according to a new analysis by the U.S. Energy Information Administration. This is considered the minimum range of use.
Electricity use from mining operations represents 0.6% to 2.3% of the country’s total demand in 2023, according to the report. Released Thursday. This is the first time the EIA has shared its estimates. Mining activity has generated increasing concerns among policymakers and electrical grid planners about grid strain during periods of peak demand, energy costs, and energy-related carbon dioxide emissions.
