2024

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<a href="https://bitcoinworld.co.in/here-are-top-10-countries-with-a-green-energy-mix-for-btc-mining/" title="Here Are Top 10 Countries With a Green Energy Mix for BTC Mining" rel="noopener noreferrer nofollow"></a>
<ul>
 <li style="font-weight: 400">Visual Capitalist report identifies the top 10 Bitcoin (BTC) mining countries that have shifted toward green energy mix.</li>
 <li style="font-weight: 400">The U.S., China, and Kazakhstan reported renewable energy shares of 22.5%, 30.2%, and 11.3%, respectively.</li>
 <li style="font-weight: 400">Iceland, Paraguay, and Norway lead the way in renewable energy, though they host over one percent of the global Bitcoin mining network.</li>
</ul>
Recently, X user Seth, a pro-Bitcoin portfolio manager, called attention to the growing eco-friendly mining landscape of Bitcoin, with more miners shifting towards renewable energy sources for Bitcoin.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 This is how green <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> mining is ATM per country. #1 USA #2 China
 Most Bitcoin mining are now powered by Renewable energy!
 Image from Visual Capitalist.<a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> <a href="https://twitter.com/hashtag/bitcoinmining?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#bitcoinmining</a> <a href="https://t.co/hmvawNoHao" rel="noopener noreferrer nofollow">pic.twitter.com/hmvawNoHao</a>
 — Seth (@seth_fin) <a href="https://twitter.com/seth_fin/status/1749341377710752199?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 22, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Seth cited a report by <a href="https://www.visualcapitalist.com/sp/top-10-bitcoin-mining-countries-their-renewable-electricity-mix/" rel="noopener noreferrer nofollow">Visual Capitalist</a> that studies the countries with the most environmentally sustainable ecosystems for Bitcoin mining, including China and the United States.
Visual Capitalist noted that Bitcoin miners’ decisions on where to establish their presence are influenced by factors such as the regulatory environment, electricity costs, and the average outdoor temperature.&nbsp;
See Also: <a class="row-title" href="https://bitcoinworld.co.in/the-most-crypto-ready-cities-in-2024/" aria-label="“The Most Crypto-ready Cities In 2024” (Edit)" rel="noopener noreferrer nofollow">The Most Crypto-ready Cities In 2024</a>
In the context of mean annual temperature, the top 10 Bitcoin mining countries include the U.S., China, Kazakhstan, Canada, Russia, Germany, Malaysia, Ireland, Singapore, and Thailand.
Furthermore, the report highlighted that these top 10 countries in Bitcoin mining collectively contribute to 93.8% of the entire network’s hash rate. The U.S., China, and Kazakhstan have the most significant mining shares.
According to the report, Bitcoin miners consume around 348 terawatt-hours of electricity annually.&nbsp;
Notably, the U.S., China, and Kazakhstan reported renewable energy shares of 22.5%, 30.2%, and 11.3%, respectively. Kazakhstan’s relatively low renewable share was attributed to its heavy reliance on coal, which accounts for 60% of its energy mix.
In contrast, China also relies on coal for a substantial portion of its electricity. Still, its overall renewable share is higher due to its rapid wind and solar power expansion.
See Also: <a class="row-title" href="https://bitcoinworld.co.in/here-are-the-reasons-why-ethereum-price-dropped/" aria-label="“Here Are The Reasons Why Ethereum Price Dropped” (Edit)" rel="noopener noreferrer nofollow">Here Are The Reasons Why Ethereum Price Dropped</a>
Meanwhile, the report indicated that countries like Iceland, Paraguay, and Norway lead the way in renewable energy.&nbsp;
However, collectively, they hosted just over one percent of the global Bitcoin mining network.
The post <a href="https://bitcoinworld.co.in/here-are-top-10-countries-with-a-green-energy-mix-for-btc-mining/" rel="noopener noreferrer nofollow">Here Are Top 10 Countries With a Green Energy Mix for BTC Mining</a> appeared first on <a href="https://bitcoinworld.co.in" rel="noopener noreferrer nofollow">BitcoinWorld</a>.

Here Are Top 10 Countries With a Green Energy Mix for BTC Mining

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