In Q3, The Bitcoin Mining Council Reports Mining Efficiency & Security Increases
The still-controversial Bitcoin Mining Council is back at it. For the sixth consecutive quarter, the organization published a report that shows how transparent and accountable the bitcoin mining industry is. They put bitcoin’s numbers to the test against companies, countries, and all industries. The network passes with flying colors in all instances. The Bitcoin Mining […]
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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....
“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....
Michael Saylor, MicroStrategy’s Founder and CEO, states that during the Q4, the company experienced the trend flow with outstanding improvements to the Bitcoin mining energy sustainability and efficiency. Within the last quarter of 2021, the global Bitcoin mining sector powered by renewable power grew by 1% to 58.5% Bitcoin Mining Council (BMC) Publishes Findings On […]
The Bitcoin Mining Council (BMC) has published its mandate, and fears of a centralized takeover of Bitcoin appear unfounded. MicroStrategy CEO Michael Saylor described it as an open forum for miners. He said the organization’s purpose is to advance Bitcoin mining transparently and educate the public. “The Bitcoin Mining Council is a voluntary and open […]
The Bitcoin Mining Council has publicized its aim to tackle negative media narratives. In its inaugural meeting which was hosted on Twitter Spaces, the council discussed bad press that has been surrounding Bitcoin and its mining in the past weeks. The China crackdown has led to the shut down of a number of mining farms. […]