- The EIA presented a report on the amount of electricity consumed by miners.
- In 2023, cryptocurrency mining companies used as much energy as the entire country of Australia.
- The agency noted the rapid development of the mining sector in the United States.
The US Energy Information Administration (EIA) published report about the amount of electricity consumed by mining companies. In 2023, they are equal to Australia in this indicator.
According to the report, the amount of electricity needed by mining enterprises last year ranged from 0.2% to 0.9% of global demand. These figures correspond to the 12-month electricity consumption of countries such as Australia and Greece.
Analysts note that over the past few years, the number of Bitcoin miners in the United States has grown significantly. In January 2020, the country's global share of the first cryptocurrency was 3.4%. Four years later, this figure had risen to 37.8%.
EIA representatives estimate that in the United States, companies consume from 25 TWh to 91 TWh when mining cryptocurrencies. This ranges from 0.6% to 2.3% of the state's total electricity needs. In other words, Bitcoin miners use energy equivalent to the annual demand of three to six million households, the EIA estimates.
According to the agency, there are about 137 cryptocurrency mining enterprises in the United States. They are located in 21 states, with the majority of capacity in Texas, Georgia and New York.
Let us recall that we wrote that the difficulty of Bitcoin mining has reached a new historical maximum.