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Green

In a world increasingly focused on sustainability, the cryptocurrency mining industry has made significant strides in adopting renewable energy sources. According to recent reports, 70% of the energy consumed by <a href="https://ultramining.com/news/en/hut-8s-q2-2023-a-bitcoin-mining-marvel/" rel="noopener noreferrer nofollow">crypto miners</a> globally comes from green energy sources. This shift towards sustainability is particularly important as the energy demands of the industry continue to grow.
Cryptocurrency mining, especially Bitcoin, is often criticized for its high energy consumption, with estimates suggesting that Bitcoin mining alone consumes around 120 TWh annually. However, the industry's adoption of renewable energy has mitigated some of these concerns, reducing its carbon footprint and contributing to global efforts to combat climate change.
This reliance on renewable energy is not just a trend but a necessity, as governments and environmental groups increasingly scrutinize the industry's impact on the planet. As the world moves towards greener practices, the cryptocurrency mining sector appears to be aligning itself with these global objectives, ensuring its operations are sustainable in the long term.

Green Energy Powers 70% of Cryptocurrency Mining Operations Worldwide

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