Published Date: July 06, 2026
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Coverage for “Bitcoin”

Showing 1-2 of 2 stories · from 88 tracked matches · in Energy.

  • How Many Barrels of Oil Do AI Data Centers Consume on a Daily Basis?

    OilPrice Article posted: June 23, 2026 25 views
    Story Summary

    Back in 2017, we did the math to figure out how much oil it takes to mine a single Bitcoin. The answer then was about 20 barrels of oil equivalent per coin. Today it's closer to 500. The Bitcoin network now draws somewhere between 138 and 175 terawatt-hours a year, depending on whose model you trust… Split across the roughly 164,000 coins minted annually si…

    Why it matters: AI progress resets what products and jobs look like.

  • Not Even Musk Has The Answer To AI’s Power Shortage

    OilPrice Article posted: June 30, 2026 4 views
    Story Summary

    The White House issued a stark warning in July 2025: Without $1.4 trillion in new infrastructure investment, electricity prices could surge as much as 58% by 2030. That’s driven mostly by the insatiable power demand from the rise of AI data centers and cryptocurrencies like Bitcoin. According to Axios, new reports show that power demand is set to grow up to…

    Why it matters: AI progress resets what products and jobs look like.