White House: Cryptocurrency mining in the United States consumes 50 billion kW*h per year – Bits Media

According to the Office of the Scientific and Technical Policy of the White House (OSTP), The consumption of electricity miners in the United States has reached a significant indicator - 50 billion kW*h per year.

As part of the study on the influence of cryptocurrencies on the OSTP climate analyzed Using blockchain and digital currencies, as well as the volume of energy consumed by miners and their share from renewable sources. It turned out, that American miners consume 38% From the general world energy consumption by miners.

Analysts emphasized, that the industry does not have enough means and monitoring tools, Therefore, data can be inaccurate. However, they are sure, that more energy is spent on cryptocurrencies in the United States, than for food for home computers, And less, than on the lighting and cooling of households.

“Direct comparisons are quite difficult. However, the total energy consumption of MasterCard payment systems, Visa and American Express was less 1% from the consumption of Bitcoin and ether miners for the same year. In this case, payment systems process much more transactions, And the companies themselves spend energy on corporate activity ", - says the report.

OSTP proposes to translate mining operations to renewable energy sources - this will reduce the effect of cryptocurrency on the climate. Analysts emphasized, that the interaction of the state is necessary, cryptocurrency public and companies to develop modern and effective standards.

Recall, that the study of the impact of production of cryptocurrencies on the climate in the United States began in March this year.