The Bitcoin Policy Institute (BPI) states that Bitcoin Miners curtailed power between 5%-31% of the time in a study conducted over 10 Bitcoin Mining companies in the US and Canada.7 This flexibility in uptime allows Bitcoin mining operations to shut machines off nearly instantly. This is yet another illustration of the flexibility of Bitcoin mining from an energy perspective, benefitting both miners and power producers. Given the rising demand from Bitcoin mining and high-performance computing (HPC), the future prediction of energy prices indicates a potential increase due to the substantial energy consumption these activities require. Accessed 20 Aug. 2024. Accessed 20 Aug. 2024.

Source: Forbes November 05, 2024 00:45 UTC