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
Fitch Raises Global Economic Growth Forecast, but Signs of U.S. Slowdown Are Evident
S&P 500 and Nasdaq 100 futures continue to rise to intraday highs
BDACS has selected GK8 as its custody technology provider
Trending news
MoreCrypto prices
More








