US Cryptocurrency Mines Must Report Energy Use

Cryptocurrency Mining’s Impact on Electricity Consumption

Cryptocurrency mining has been on the rise in the United States, especially after China cracked down on the activity in 2021. Preliminary estimates from the EIA indicate that cryptocurrency mining represents a significant portion of the nation’s electricity usage. At the lower end of the estimate, the electricity consumed by mining operations is equivalent to the entire states of Utah and West Virginia. It accounts for approximately 0.6 to 2.3 percent of the country’s total electricity consumption.