bitcoinBTC/USD
$ 20,511.00
ethereumETH/USD
$ 1,184.52
tetherUSDT/USD
$ 0.999639
cardanoADA/USD
$ 0.466369
xrpXRP/USD
$ 0.333203
usd-coinUSDC/USD
$ 1.00

Nearly 60% of BTC Mining is Now Done Using Renewable Energy Says the Bitcoin Mining Council

Bitcoin mining hash rate increased by 23% year-on-year in Q1 2022, whereas energy consumption fell 25% as mining efficiency increased by 63%.

The MicroStrategy-backed voluntary forum known as the Bitcoin Mining Council confirmed that its most recent quarterly survey revealed that the worldwide Bitcoin (BTC) mining sector is becoming increasingly reliant on renewable energy. 

As per the research issued on Monday, the worldwide Bitcoin (BTC) mining operation had a sustainable electricity combination of 58.4 % throughout the January to March timeframe, up from 36.8% in the year before, and marking a 59% year-on-year (YoY) rise.

Based on the results of the report, the Bitcoin (BTC) mining hash rate increased by 23% year-on-year in Q1 2022, whereas energy consumption decreased by 25% as mining efficiency increased by 63%.

The Bitcoin Mining Council argued that Bitcoin (BTC) mining has become “one of the most sustainable industries globally” as a result of advancements in technology and greater dependence on renewable energy sources such as wind and solar.

50% of the Bitcoin (BTC) mining network was the source of the data gathered for the basis of the findings of the study, according to the council. On the contrary to the Bitcoin Mining Council’s assessment, the carbon footprint of Bitcoin (BTC) mining has intensified following the Crackdown of China on cryptocurrency mining in 2021, as per the findings of a peer-reviewed analysis released in February in the journal Joule.

Also read:

Related News

Meta Continues With Its NFT Plans

Meta stated that its other cryptocurrency initiatives are proceeding according to schedule after announcing the end of its Novi project. Non-fungible tokens (NFT) have been developing for a while by the company. The Novi initiative, which enables remittances and international money transfers, will shortly be shut down, the company announced recently. According to the company, the project will no longer operate as of September 1. Users of Novi were informed

Read More »

Bitcoin’s Lightning Network Now Available for Argentina From OpenNode Partnership With Lemon Cash

OpenNode, a supplier for Bitcoin payments, has teamed with Lemon Cash, a well-known Latin American bitcoin wallet service. The wallet’s cooperation with OpenNode allows over 1 million Lemon Cash users to now access Bitcoin’s Lightning Network. “This partnership is yet another example of our capability and belief in Bitcoin as the new base layer for global payments… We’re proud to support Lemon’s mission and its desire to scale and benefit

Read More »
LuckyBlock is a worldwide game and competition platform with play to earn rewards using blockchain protocols. They have already given many prizes to the participants of the game.

Lucky Block Partners with Crypto Academy

Lucky Block has partnered with Crypto Academy, as we look forward to many updates and launches ahead.  Lucky Block has reached a partnership with Crypto Academy, the renowned Crypto Marketing Agency, and Informational and Educational portal. With an incredible success rate in helping cryptocurrency-focused startups grow in the industry, the partnership with Crypto Academy is a stepping stone in the exciting journey ahead for Lucky Block. LuckyBlock is a worldwide

Read More »

My Coins

bitcoinBitcoin
$ 20,511.001.6%
ethereumEthereum
$ 1,184.524.26%
cardanoCardano
$ 0.4663692.36%
tetherTether
$ 0.9996390.08%

Newest Videos on YouTube

We inform and educate people about Cryptocurrencies and Blockchain technology.

© Copyright 2021, All Rights Reserved,
Crypto Academy

Bitcoin

Contact Us

For any question conatct us through:

sales@crypto-academy.org

Disclaimer: All information and materials on this website are for educational purposes only. Crypto-academy.org does not provide any form of financial advice. Cryptocurrencies are highly volatile, therefore any form of investing carries a high level of risk to your capital. It is recommended that you seek professional advice prior to implementing any investment or financial plan.

We do not ask you for your Cryptocurrency / We do not hold your Coins / We do not ask for Private Keys / Be aware of scammers and imposters.

Contact us only through: sales@crypto-academy.org