Computers that mine bitcoin are 58 times more efficient than they were eight years ago, according to a report by the Bitcoin Mining Council.
Out of all the energy that gets generated and used in the U.S., about 65% was wasted in 2021, according to a chart by Lawrence Livermore National Laboratory, a research facility funded by the U.S.
“Once we get , we think the pace of innovation should pick up because we’ll know the rules of the game,” Levitt said.