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This Earth Day analysts say Bitcoin mining is naturally gravitating to green energy
April 22 is Earth Day and with environmental sustainability one of the key topics in the global debate surrounding Bitcoin mining, analysts say the industry has begun to naturally gravitate towards cleaner and cheaper energy sources. According to a January report by the Bitcoin Mining Council, by Q4 2021, the global Bitcoin mining industry ran on an estimated 58.5% renewable energy. The preference for clean energy is due to a combination of environmental conscientiousness, political pressures, and an eye on the bottom line. It’s resulting in a sea change that could have ripple effects that extend well beyond Bitcoin (BTC) mining onto power grid systems around the world. Bitcoin miners in Norway are cleaner than almost anywhere else on the planet thanks to the country’s access to hydropower...
This Earth Day analysts say Bitcoin mining is naturally gravitating to green energy
April 22 is Earth Day and with environmental sustainability one of the key topics in the global debate surrounding Bitcoin mining, analysts say the industry has begun to naturally gravitate towards cleaner and cheaper energy sources. According to a January report by the Bitcoin Mining Council, by Q4 2021, the global Bitcoin mining industry ran on an estimated 58.5% renewable energy. The preference for clean energy is due to a combination of environmental conscientiousness, political pressures, and an eye on the bottom line. It’s resulting in a sea change that could have ripple effects that extend well beyond Bitcoin (BTC) mining onto power grid systems around the world. Bitcoin miners in Norway are cleaner than almost anywhere else on the planet thanks to the country’s access to hydropower...
