Energy use from US cryptomining firms is contributing to rising utility bills

An investigation revealed that companies use enough energy to power Houston, and contribute to growing carbon emissions

The largest US cryptomining companies have the capacity to use as much electricity as nearly every home in Houston, Texas; energy use that is contributing to rising utility bills, according to an investigation by Democratic lawmakers.

Cryptomining is a highly energy intensive process involving the use of specialized computers running constantly to solve complex math problems in order to create new virtual coins.