According to the Bitcoin Mining Council, miners are fast adopting green energy with its members reporting a three-fifths increase in sustainable energy usage year on year.
on Monday April 25 with the findings. The group is also fronted by Bitcoin proponent and MicroStrategy CEO Michael Saylor.
The latest survey of BMC member companies questioned how much electricity their companies consumed, what percentage of that electricity is generated by hydro, wind, solar, nuclear or geothermal sources, and what the hash rate of their operations were. The BMC estimates the global mining industry’s sustainable electricity mix for the top crypto is now 58.4% which is a fall of 0.1% from last quarter. Perhaps more importantly, it's significant growth from the 36.8% renewables estimated in Q1 2021.
Its worth noting however that the BMC only formed in June 2021, so it is not exactly clear how it formulated the 36.8% worth of renewables estimated in Q1 2021. Data for the new report, which was self-reported from BMC members, showed they were utilizing electricity with a 64.6% sustainable power mix. The figures for global Bitcoin mining was estimated from the data from BMC members.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Video: A quarter of all the electricity in this county is powering Bitcoin mining - CNN VideoAs the Bitcoin industry grows, CNN's Nick Watt visits a Washington state county where a quarter of all electricity generated is powering Bitcoin mining.
Read more »
The Scoop Mining Report with Wolfie Zhao: Hodlers offload some mined bitcoinIn this episode of The Scoop Mining Report, Wolfie Zhao and host Frank Chaparro take a look at the changing dynamics in the mining hardware and financing space.
Read more »
New York Lawmakers Advance Mining Moratorium Bill to Full AssemblyThe New York Assembly's Ways and Means Committee has advanced a bill that would impose a 2-year moratorium on crypto mining to the full legislative body for a vote. cheyenneligon reports
Read more »
Galveston ISD employee resigns after cryptocurrency mining machines discovered at schoolsGalveston ISD administrators say an employee after discovering they were secretly mining...
Read more »
US Crypto Mining Company Plans to Sell $30M Worth Equipment in Russia to Dodge SanctionsCompass Mining is selling around $30 million in Bitcoin mining equipment located in Siberia in a bid to avoid sanctions imposed by the US.
Read more »
Bringing back the hits: Mining music catalogs for goldMusicians' back catalogs are becoming extremely valuable properties, as music rights companies exploit old songs in commercials and other media.
Read more »