Use of renewable energy for BTC mining increased 52.2% in 2021

The Bitcoin Mining Council, an organization created to promote the use of renewable energy in the Bitcoin mining industry, has released its first compendium on the state of the art of the mining industry.

The report explains that sustainable energy use increased 52.2% between Q1 and Q2 of 2021, with a 15% uplift in network efficiency measured in PH/MW.

Members of the Bitcoin Mining Council reported that 67.6% of the total energy used to mine Bitcoin comes from sustainable sources. This ensures a much lower environmental impact than that of the industry in other countries, especially China, which concentrates most of the Bitcoin hashrate, with a large portion of miners using electricity generated by coal-fired plants.

Continue reading