Bitcoin Mining Gets Cleaner As U.S. Lawmakers Call for More Transparency

The Bitcoin Mining Council (BMC) published the results of their Q2, 2022, a survey on the state of the sector, its electricity consumption, and technological efficiency. The nonprofit organization claims it has collected data from 50% of the BTC network which represents over 107 exahash of the total hashrate

According to the BMC survey, participants are using electricity with 66.8% of the sustainable power mix. This represents an increase over Q1, 2022, data and records an estimate of 59.5% sustainable electricity mix across the entire Bitcoin network.

The Bitcoin mining industry persevered its spot as one of the most “sustainable industries globally”. The BCM claims this industry uses 15 basis points (bps) or 0.15% of the total amount of global energy while it generates 9 bps or 0.09% in carbon emissions.

The report claims these metrics are “inconsequential” in terms of global energy consumption and when compared to other industries operating worldwide. As seen below, the Bitcoin network uses 253 terawatts per hour (TWh) while the global energy output stands at 165,317 TWh.

The Bitcoin Mining Council (BMC) published the results of their Q2, 2022, a survey on the state of the sector, its electricity consumption, and technological efficiency. The nonprofit organization claims it has collected data from 50% of the BTC network which represents over 107 exahash of the total hashrate.

According to the BMC survey, participants are using electricity with 66.8% of the sustainable power mix. This represents an increase over Q1, 2022, data and records an estimate of 59.5% sustainable electricity mix across the entire Bitcoin network.

The Bitcoin mining industry persevered its spot as one of the most “sustainable industries globally”. The BCM claims this industry uses 15 basis points (bps) or 0.15% of the total amount of global energy while it generates 9 bps or 0.09% in carbon emissions.

The report claims these metrics are “inconsequential” in terms of global energy consumption and when compared to other industries operating worldwide. As seen below, the Bitcoin network uses 253 terawatts per hour (TWh) while the global energy output stands at 165,317 TWh.

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