Sustainable Bitcoin mining power mix hits 59.5%: BTC Mining Council
The latest Q2 report also details how energy efficiency among Bitcoin miners is on the rise. Nearly 60% of the electricity used to power Bitcoin mining machines comes from sustainable sources, according to the latest Q2 2022 report from the Bitcoin Mining Council (BMC).In its Q2 review of the Bitcoin network released on July 19, the BMC found that the global Bitcoin mining industry's use of sustainable energy is up 6% from Q2 2021 and up 2% from Q1 2022, reaching 59.5% in the latest quarter — adding that it is “one of the most sustainable industries globally.”The council observed the....
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“This quarter we saw the trend continue with dramatic improvements to Bitcoin mining energy efficiency and sustainability,” said the Founder and CEO of MicroStrategy Michael Saylor. The percentage of the global Bitcoin mining industry running on renewable power increased by 1% to 58.5% in the fourth quarter of 2021 according to new data. The Bitcoin Mining Council (BMC) announced the findings of its fourth quarter survey on Jan. 18. The survey focused on three metrics: sustainable power mix, technological efficiency and electricity consumption. Q4 #Bitcoin Mining Council Survey Confirms....
According to the Bitcoin Mining Council, the global Bitcoin mining industry now uses 56% sustainable energy. The global Bitcoin mining sector has reached a 56% sustainable power mix in Q2, according to estimates from a Bitcoin Mining Council (BMC) report. “Bitcoin mining uses a negligible amount of energy, is rapidly becoming more efficient, and is powered by a higher mix of sustainable energy than any major country or industry,” a July 1 press release from the council stated. The estimate was based on a three question survey of just 32% of the miners on the network. It found respondents....
The Bitcoin Mining Council is back at it. The controversial initiative lead by Michael Saylor presented “the findings of its first quarterly survey focused on two important metrics: electricity consumption and sustainable power mix.” The broadcast was delivered via YouTube and open to the public. They choose to limit their reproduction in other sites, though. […]
The latest Bitcoin Mining Council report showed that the mining industry is rapidly adopting sustainable energy sources to secure the largest crypto blockchain. 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 50% of the global Bitcoin network, or 100.9 exahash (EH). It released a new report on Monday April 25 with the findings. The group is also fronted by Bitcoin....
Michael Saylor has provided more context on the Mining Council, and hopes to combat the anti-crypto narrative with greater Bitcoin mining transparency. MicroStrategy CEO, Michael Saylor has explained the details and thinking behind the formation of the Bitcoin Mining Council.The council was formed on May 25 after Saylor brokered a successful meeting between Elon Musk and several top North American Bitcoin mining firms. The miners involved will provide current and planned renewable usage transparency, and will lobby other mining operations across the globe to do so as wellMichael Saylor....