3min chapter

Coin Stories with Natalie Brunell cover image

Bonus: Nic Carter Article on WH Report on Bitcoin Mining Climate Impact

Coin Stories with Natalie Brunell

CHAPTER

Bitcoin Mining - 17 Gb/S of New Bitcoin Hashrate Is Imminent

The White House and the media are not interested in that nuance though. The OSTP forgets that Bitcoin mining is a business and miners need to make money or they will close up shop. All of Bitcoin uses around 15 gigawatts globally. If you more than double that with new hardware, hashrate would increase by 3 to 4 times. That massively compresses miner margins and would lower the electricity price at which miners are breaking even.

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