Surging Energy Demand from AI, Crypto Mining Straining U.S. Power Grids
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AI, cryptocurrency mining, and clean tech manufacturing are straining U.S. energy supplies as demand outpaces supply growth. Power demand hitting multi-year highs.
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OpenAI CEO says AI's full potential requires an energy breakthrough like fusion to power demands that could grow 5x by 2028.
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Bitcoin mining energy use has quintupled in 3 years to 148 TWh annually - comparable to Malaysia's total consumption. Accounts for up to 2.3% of U.S. electricity.
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Technologies powering the 4th industrial revolution like AI and crypto are very power hungry, with a single AI server consuming as much as several households.
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U.S. has proposed a 30% tax on crypto mining electricity usage to account for strains on power grids and infrastructure.