Just 137 crypto miners use 2.3% of total U.S. power

Re:Just 137 crypto miners use 2.3% of total U.S. power by digging on Friday February 09, 2024 @12:06PM (#39317198)

> "I haven't read the study but maybe it's wrong and maybe the real number is way way less"? C'mon. Give me a break. Trusting that an EIA report is generally accurate is not evidence of being "emotional." Handwaving it away without even reading it is.

That's not what I said. I said the author of the article did read the study and describes it as possibly wrong. In fact the article does actually mention a range given, "0.6% to 2.3%", which isn't orders-of-magnitude huge but nearly a 1:4 ratio. Usually if someone says, "I have this big scary number," and you find out the actual number is 25% of what they told you, you're allowed to be skeptical of the conclusions they draw from their math.

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Re:Just 137 crypto miners use 2.3% of total U.S. power by eli on Friday February 09, 2024 @12:31PM (#39317626)

With all due respect, maybe you should read the report.

The 137 facilities they are talking about use an 2.3% of US electricity when run at capacity.

Separately they use CEBCI data to come up with a top-down estimate of bitcoin mining at 0.6% to 2.3% of US electricity.

Putting the two together suggests the true number is at the high end of the range.

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