this post was submitted on 03 Feb 2024
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Over 2 percent of the US’s electricity generation now goes to bitcoin (arstechnica.com)
submitted 10 months ago by L4s@lemmy.world to c/technology@lemmy.world
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Over 2 percent of the US’s electricity generation now goes to bitcoin::US government tracking the energy implications of booming bitcoin mining in US.

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[–] NateNate60@lemmy.world 66 points 10 months ago (1 children)

Bitcoin mining is a multi-billion-dollar business. The block reward along is 900 BTC = 38.7 million USD a day (at 43,000 USD per BTC as of writing), shared between half a dozen big mining pools. Bitcoin mining equipment costs thousands of dollars.

Mining bitcoin is solely a game for men with means.