Get all your news in one place.
100's of premium titles.
One app.
Start reading
Salon
Salon
Science
Julia Kane

Bitcoin, we have a problem

A visual representation of a Bitcoin cryptocurrency as a gold coin on a computer keyboard. Getty Images

Seven of the U.S.'s largest Bitcoin mining companies are set up to use nearly as much electricity as all of the homes in Houston — the nation's fourth most populous city — according to a congressional investigation of the industry.

The findings, released Friday, come as Democratic lawmakers are calling for regulation and cryptominers are increasingly under fire for straining the electrical grid and raising electricity prices for consumers.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.