Electricity demand to double in 3 years. How AI and mining play a part
Electricity demand worldwide could double over the next three years, mainly due to cryptocurrency mining and artificial intelligence. How will crypto keep up? AI and cryptocurrencies accounted for almost 2% of global electricity demand in 2022, which illustrates the scale of their energy impact. This increase is mainly due to the growing complexity and volume of computing operations for artificial intelligence and the ever-increasing number of cryptographic transactions. According to a recent report from Bloomberg, which cites the International Energy Agency, global demand for electricity from data centers, cryptocurrencies, and artificial intelligence could more than double over the next three years , amounting to the equivalent of Germany’s entire electricity demand . Source: International Energy Agency AI’s appetite to grow Artificial intelligence (AI) has become an integral part of modern life, streamlining various aspects. However, its extensive integration ...