May 19, 2024

The share of "green" energy in bitcoin mining has exceeded 56%

Data provided by the Bitcoin Mining Council, which was created at the initiative of the CEOMicroStrategy by Michael Saylor at the end of May this year.

In the second quarter of 2021, the volume of "green"of energy used to mine Bitcoin exceeded 56%. Such data are presented in a report published by the Bitcoin Mining Council (BMC). The data is based on a survey conducted among 23 councilors who together generate 32% of the hashrate of the Bitcoin network. The volume of renewable energy sources in the activities of council members amounted to 67.6%.

Bitcoin mining board was created at the endMay this year at the initiative of MicroStrategy CEO Michael Saylor. The first meeting of the council was attended by the head of Tesla and SpaceX Elon Musk.

This happened after Tesla temporarilyrefused to sell its products for bitcoins due to the unsustainable way of mining them. Musk explained that the company cannot afford to harm the environment, so it will not accept cryptocurrency as payment until it starts mining with renewable energy sources.

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