The BMC report reveals an improvement in sustainable energy in BTC mining
The BMC report reveals an improvement in sustainable energy in BTC mining
- BMC has found that the Bitcoin mining, using renewable energies, rose significantly from 1 percent to 58.5 percent in the fourth quarter of 2021.
- According to the report, the information compiled made more than 46 percent of the global Bitcoin mining.
in May 2021 the Bitcoin Mining Council (BMC) was founded as a voluntary global forum of Bitcoin mining company such as Atlas Mining and bitfarms. In his most recent result of his survey for the fourth quarter, BMC found that the percentage of global Bitcoin mining, which uses renewable energies, rose significantly from 1 percent to 58.5 percent in the fourth quarter of 2021. The study was based on three key indicators that are technological efficiency, electricity consumption and sustainable electricity mix. This was confirmed by the founder and CEO of Microstrategy and an important member of the BMC, Michael Saylor.
Q4 survey of the #bitcoin mining council confirms improvements in sustainable electricity mix and the technological efficiency The estimated sustainable energy mix was 58.5 %. Visit us today at 5:00 p.m. ET for a complete briefing.
according to the test report , consisted of the composed information on sustainable energy of more than 46 percent of the global Bitcoin mining. The members of the Mining Council also actively lead the movement, since 66.1 percent use electricity with a sustainable energy mix. According to the report, the self-disclosure data, which were used to create estimates for the sustainable energy mix of the global Bitcoin mining industry, was 58.5 percent in the fourth quarter of 2021, an increase of one percentage point compared to the value of the third quarter. Technological efficiency also rose by 9 percent to 19.3 PetaHash per MW.
BMC members participating in
In it, co-founder of Core Scientific and BMC, found that the number of participating BMC members rose by 77 percent in the fourth quarter of 2021, which represents an enormous development. Michael Saylor explained:
In this quarter we saw that the trend with dramatic improvements in energy efficiency and sustainability of Bitcoin mining continued due to progress in semiconductor technology, the quick expansion of North American mining, exodus from China and the worldwide switch to sustainable energy and modern mining techniques.
These results were highly valued by the crypto community, since environmental activists have serious concerns about the proof-of-work algorithm of the Bitcoin mining. Despite the debate in 2021 about the environmental impact of Bitcoin mining, it is reported that the US Congress is about to deal with it again. In a recently published report, the House Committee on Energy and Commerce revealed important witnesses that say about the energy and environmental effects of crypto mining. The hearing is scheduled to take place on January 20. Some of these important witnesses are the CEO of Soluna Computing John Belizaire, Cornell Tech Professor Ari Juels and the CEO of Bitfury Brooks.
Many Bitcoin miners were forced to look for sustainable energy sources as a replacement, since investors are at risk of boycotting all other shares and buying those whose companies use sustainable energy. In the latest debates, nuclear energy with its large amount of clean and carbon-free energy was highlighted as a perfect source for Bitcoin mining.
Source: Crypto-news-flash.com