The international Bitcoin (BTC) mining trade had a sustainable electrical energy combine of 59.5% throughout the second quarter of the yr, or barely up in contrast with the primary quarter, according to the most recent quarterly survey carried out by the Bitcoin Mining Council.
The survey, which collected information from over 50% of the worldwide Bitcoin mining community, representing 107.7 exahash (EH), mentioned that,
“The members of the [Bitcoin Mining Council] and contributors within the survey are at the moment using electrical energy with a 66.8% sustainable energy combine.”
It is, due to this fact, estimated that the worldwide bitcoin mining trade’s sustainable electrical energy combine is now 59.5%, and that it had elevated some 6% between Q2 2021 and Q2 2022. This, mentioned the Council, makes it “one of probably the most sustainable industries globally.”
Also, it’s estimated that the worldwide Bitcoin Network’s technological effectivity grew by 46% year-on-year, from 14.4 EH per gigawatt (GW) within the second quarter of 2021 to 21.1 EH per GW within the second quarter of this yr.
The Bitcoin Mining Council is a voluntary discussion board of crypto mining corporations spearheaded by MicroStrategy CEO and Bitcoin maximalist Michael Saylor. They mentioned that the council’s membership hashrate elevated to 108 EH in Q2 2022, representing 50.5% of the worldwide Bitcoin mining community.
“In the second quarter of 2022, the hashrate and associated safety of the Bitcoin Network improved by 137% year-on-year whereas vitality utilization solely elevated 63%,” Saylor mentioned and added:
“We noticed a 46% year-on-year improve in effectivity resulting from advances in semiconductor know-how, the speedy growth of North American mining, the China Exodus, and the worldwide adoption of sustainable vitality and fashionable bitcoin mining strategies.”
In an accompanying briefing, Saylor additionally said that Bitcoin mining accounts for simply 0.09% of the 34.8 billion metric tons (BMT) of carbon emissions estimated to be produced globally and consumed lower than 0.15% of the worldwide vitality provide.
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Learn extra:
– Bitcoin Mining Efficiency Up 63% in Year, ‘Sustainable Electricity Mix’ Jumped 59% – Bitcoin Mining Council
– Bitcoin & Crypto Mining in 2022: New Locations, Technologies, and Bigger Players
– Bitcoin Mining CO2 Footprint Is Below 0.08% Of Global Total
– ‘Bitcoin Is Being Embraced’ by the Government & Regulatory Future Is ‘Bright’ – MicroStrategy’s Saylor
– Ethereum’s Step Towards PoS, Bitcoin Mining Difficulty
– Despite the Bear Market, a Salvadoran Wants to Build a USD 200M Power Plant to Mine Bitcoin
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