New York Times: Cryptomining capacity in U.S. rivals energy use of Houston, findings show

 

Seven of the largest Bitcoin mining companies in the United States are set up to use nearly as much electricity as all the homes in Houston. The findings, by a congressional investigation, highlight how the surge in activity has caused consumers’ electrical bills to rise and makes it harder to fight global warming, the article says.

Data compiled by the CCAF at Cambridge Business School show that the United States is now the world’s largest Bitcoin mining hub, making up about 37 percent of the global hashrate, it says.

Read the full article [nytimes.com]