Cryptocurrencies may account for 2.3% of US energy consumption
The U.S. Energy Information Administration has studied the impact of cryptocurrencies on energy demand and estimates that cryptocurrencies may already account for as much as 2.3 per cent of U.S. energy consumption. The analysis shows that data centre energy demand could triple by 2030, accounting for 7.5% of US energy consumption. The controversial surge in cryptocurrency mining is partly to blame, as is the emerging artificial intelligence industry.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
U.S. appeals court skeptical of SBF's request to overturn cryptocurrency fraud convictions
The "100% win rate whale" has increased their ETH short position to $28.31 million.
Japanese crypto industry participants hope for regulatory easing and compete for market share