Use of renewable energy for cryptocurrencies has grown

A study carried out by the Bitcoin Mining Council determined that the consumption of this type of energy for cryptocurrencies increased by almost 60 %

The Bitcoin Mining Council (BMC) published a report showing that the use of sustainable energy for mining this cryptocurrency has grown by almost 60 %.

Some 44 digital asset mining companies make life in this group, who also claim to be the representatives of 50 % of the global bitcoin network.

The BMC estimates that the global mining industry sustainable electricity mix for major cryptocurrencies is now 58.4 %, down 0.1 % from last quarter. Perhaps more importantly, it is a significant growth from the estimated 36.8% renewables in the first quarter of 2021.

These presented data show that a mix of electricity with sustainable energy of 65.6 % is used, figures obtained from the BMC study.

The cryptocurrency has been the victim of criticism repeatedly due to the high electricity consumption it demands, and its large carbon footprint.

K. Tovar

Source: Cointelegraph

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