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At the state level, last week the New York State energy use, the phenomenon may be approaching a tipping point on energy-intensive proof-of-work cryptocurrency mining to be a true game from fossil fuel power plants.
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The Real Truth About Bitcoin's Energy UsageGlobally, estimates of Bitcoin's use of renewables range from about 40 percent to almost 75 percent. But in general, experts say, using. According to the Cambridge Center for Alternative Finance (CCAF), Bitcoin currently consumes around Terawatt Hours per year � % of. More specifically, �annual electricity use from cryptocurrency mining probably represents from % to % of U.S. electricity consumption.�.