May 3, 2024

56% of the energy for mining bitcoin from renewable sources

56% of the energy for mining bitcoin from renewable sources

The Bitcoin Mining Council (BMC) published a report highlighting the energy sources used byfor mining the first cryptocurrency.To collect information, the organization conducted a survey among representatives of the mining industry. According to BMC, more than 32% of all Bitcoin miners took part in the survey.

BMC found that currently 56% of the energy used to mine Bitcoin comes from renewable sources.

"The mining industry is one of the cleanest in the world", - concluded BMC.

These figures raise doubts among some.representatives of the crypto industry. Thus, The Block analyst Larry Chermak noted that it is incorrect to collect information against the backdrop of the migration of Chinese miners to other jurisdictions. You need to wait until they have completely moved their equipment and are back in business before re-doing the study.

Other experts noted that the information provided inThe information was not verified in any way during the survey. At the same time, the founder of Coin Metrics, Nick Carter, believes that a survey of 32% of miners is simply an amazing result. Although he agrees that interpreting the survey of predominantly North American miners as the entire industry is not entirely correct. Therefore, the real percentage of renewable energy sources should be estimated at around 50%.

Recall that the Bitcoin Mining Council was formed after Elon Musk stated that BTC mining is not environmentally friendly. Previously, we talked in detail about this organization and its role in the cryptocurrency market.

Where is it more profitable to buy bitcoin? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

# Exchange: Website: Rating:
1 Binance (Editor's Choice) https://binance.com 9.7
2 Bybit https://bybit.com 7.5
3 OKEx https://okex.com 7.1
4 Exmo https://exmo.me 6.9
5 Huobi https://huobi.com 6.5

The criteria by which the rating is set in our rating of crypto-exchanges:

  • Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
  • Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
  • Feedback and support– we analyze user reviews and the quality of technical support.
  • Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
  • Platform Features– availability of additional features — futures, options, staking, etc.
  • final grade– the average number of points for all indicators determines the place in the ranking.

56% of the energy for mining bitcoin from renewable sources

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