Bitcoin’s insatiable appetite for energy is driving up pollution and costs for Americans, report finds

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Bitcoin’s insatiable appetite for energy is driving up pollution and costs for Americans, report finds
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Bitcoin mining has raised electricity bills and greenhouse gas emissions in the US.

A row of Bitcoin mining machines at the Whinstone US Bitcoin mining facility in Rockdale, Texas, on October 9th, 2021.Bitcoin mines in the US have had a tremendous impact on power grids, areveals. The mines — which are giant data farms — use vastly more electricity than the communities surrounding them, driving up pollution from coal and gas power plants.

This is the most comprehensive analysis yet of Bitcoin’s impact on the environment and energy system in the US. And it comes ashas startling numbers for individual crypto mines and the industry as a whole, which it got by pouring over financial records, satellite imagery, and studies it commissioned from outside research groups.

The newspaper identified 34 of the biggest crypto mines in the US, each operating at 40 megawatts or higher. Every single one of them, on its own, uses at least 30,000 times as much electricity as the average home in America. In Rockdale, Texas, the largest and most energy-hungry Bitcoin mining facility in the country burns through as much electricity as the closest 300,000 homes combined.

In Rockdale, Texas, the largest and most energy-hungry Bitcoin mining facility in the country burns through as much electricity as the closest 300,000 homes combined The industry’s expansion in the US has been swift, another stressor for US power grids. The US only became the world’s biggest

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