{"id":437444,"date":"2022-04-26T05:37:39","date_gmt":"2022-04-26T02:37:39","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/sustainable-energy-usage-for-btc-mining-grows-nearly-60-in-a-year\/"},"modified":"2022-04-26T05:37:39","modified_gmt":"2022-04-26T02:37:39","slug":"sustainable-energy-usage-for-btc-mining-grows-nearly-60-in-a-year","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/sustainable-energy-usage-for-btc-mining-grows-nearly-60-in-a-year\/","title":{"rendered":"# Sustainable energy usage for BTC mining grows nearly 60% in a year"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3ae8f479431\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3ae8f479431\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/sustainable-energy-usage-for-btc-mining-grows-nearly-60-in-a-year\/#%E2%80%9D_Sustainable_energy_usage_for_BTC_mining_grows_nearly_60_in_a_year_%E2%80%9C\" >&#8221; Sustainable energy usage for BTC mining grows nearly 60% in a year &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Sustainable_energy_usage_for_BTC_mining_grows_nearly_60_in_a_year_%E2%80%9C\"><\/span>&#8221; Sustainable energy usage for BTC mining grows nearly 60% in a year &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-2a0745c6>Bitcoin (BTC) mining companies are further adopting green energy as the global Bitcoin mining industry increased its sustainable energy mix by <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roximately 59% year over year.<\/p>\n<p>The Bitcoin Mining Council (BMC) is group of 44 Bitcoin mining companies claiming to represent 50% of the global Bitcoin network, or 100.9 exahash (EH). It released a new <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/bitcoinminingcouncil.com\/wp-content\/uploads\/2022\/04\/2022.04.25-Q1_2022_BMC_Presentation.pdf\">report<\/a> on Monday April 25 with the findings. The group is also fronted by Bitcoin proponent and MicroStrategy CEO Michael Saylor. <\/p>\n<p>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.<\/p>\n<p>The BMC estimates the global mining industry\u2019s sustainable electricity mix for the top crypto is now 58.4% which is a fall of 0.1% from last quarter. Perhaps more importantly, its significant growth from the 36.8% renewables estimated in Q1 2021. <\/p>\n<p>Its worth noting however that the BMC only formed in June 2021, so it is not exactly clear how they formulated the 36.8% worth of renewables estimated in Q1 2021.<\/p>\n<p>Data which was self-reported from BMC members showed they were utilizing electricity with a 64.6% sustainable power mix, the estimates for global Bitcoin mining was based on the data from BMC members.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-04\/31d25847-bfaa-4d3e-9eeb-7dceba71e673.png\"><\/figure>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Earth Day analysts say Bitcoin mining is naturally gravitating to green energy<\/em><\/strong><\/p>\n<p>Bitcoin has come under fire for its heavy energy usage and high carbon footprint, and the mining industry is keen to show its adoption of using greener energy sources or byproduct wasted from other operations to combat the criticism.<\/p>\n<p>The figures provided by BMC contradict a February study published in the scientific journal Joules which highlighted that the Chinese ban on crypto mining contributed to a 17% increase in the carbon emissions produced by operations to sustain the Bitcoin network.<\/p>\n<p>The report breaks down the total estimated energy usage by industry, alleging that global Bitcoin mining operations use 247 terawatt-hours (TWh), less than half of what gold mining operations consume, and 0.16% when compared to the world\u2019s total energy usage.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-04\/1e44c5b8-bbcb-488e-8a4d-922b67421c55.png\"><figcaption style=\"text-align: center;\"><em>Global Bitcoin mining vs other industries<\/em><\/figcaption><\/figure>\n<p><strong>Bitcoin mining efficiency is improving<\/strong><\/p>\n<p>The results on the self-reported electricity consumption and company hash rates seemingly show that mining efficiency has increased.<\/p>\n<p>Over the past 12 months electricity consumption by the industry decreased by 25%, whilst the hash rate increased by 23% from 164.9 to 202.1, equalling a 63% increase of mining efficiency in the last year since Q1 2021. The BMC alleges Bitcoin mining is 5,814% more efficient than it was eight years ago.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-04\/0958218a-0bae-4bc9-96f4-79fd189a4629.png\"><\/figure>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/sustainable-energy-usage-for-btc-mining-grows-nearly-60-in-a-year\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Sustainable energy usage for BTC mining grows nearly 60% in a year &#8220; Bitcoin (BTC) mining companies are further adopting green energy as the global Bitcoin mining industry increased its sustainable energy mix by approximately 59% year over year. The Bitcoin Mining Council (BMC) is group of 44 Bitcoin mining companies claiming to represent&#8230;<\/p>\n","protected":false},"author":1,"featured_media":437445,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDQvN2ZhOTEyOTctNDU5Yy00NDBkLWJkNTAtNTE2NzY2NGVmMDI5LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74989,78717,90652,75042,70752,76751],"class_list":["post-437444","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-mining","tag-energy-consumption","tag-greenergy","tag-mining","tag-energy","tag-sustainability"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/437444","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=437444"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/437444\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/437445"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=437444"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=437444"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=437444"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}