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2024-12-06 15:41:48

maiakee on Nostr: Bitcoin mining currently accounts for about 0.5% to 1% of global electricity ...



Bitcoin mining currently accounts for about 0.5% to 1% of global electricity consumption, although this number can fluctuate depending on the price of Bitcoin and the energy usage efficiency of mining operations. A significant portion of this energy is now sourced from renewable sources, with over 54% of Bitcoin mining operations using sustainable energy .

This shift towards renewable energy is partly due to Bitcoin mining’s ability to leverage surplus energy from regions with excess renewable generation, such as hydroelectric power, which otherwise might go to waste .

While Bitcoin mining’s total energy consumption remains a topic of debate, its role in promoting renewable energy and reducing wasted energy is increasingly recognized as a positive contribution to sustainability efforts.

#siamstr #nostr #btc #bitcoin
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