Bitcoin

New data reveals that <a href="https://ultramining.com/news/en/bitcoin-miners-move-over-1b-to-exchanges-a-sign-of-strategy-shift/">Bitcoin mining</a> leads in sustainable energy use. Between July 2019 and June 2023, it showed the most significant increase in its sustainable energy mix, according to <a href="https://news.bitcoin.com/bitcoin-mining-the-highest-user-of-sustainable-energy-new-data-reveals/">bitcoin.com</a>.&nbsp;&nbsp; 
The data places Bitcoin mining as the primary user of sustainable energy, with 52.6% usage. Interestingly, the banking sector follows with a 39.2% usage, while the gold industry stands at 12.8%. 
This data is from the Bitcoin Energy and Emissions Sustainability Tracker (BEEST) model. It indicates a remarkable 38% increase in Bitcoin mining's sustainable energy mix over the specified period, a figure unmatched by any other global industry. 
Furthermore, Bitcoin mining's emission intensity saw a significant drop from over 500 g/kWh in July 2021 to 296 g/kWh by June 2023. In contrast, the banking sector witnessed a mere 3.3% decline. 
Daniel Batten, a climate tech investor and ESG analyst, argues that Bitcoin has a vital role in combating climate change and promoting financial sovereignty. Batten believes that Bitcoin is an important technology, instrumental in mitigating runaway methane emissions and facilitating the transition to renewable energy sources. 
Despite past criticisms of Bitcoin mining's high electricity use, the industry seems to be making concerted efforts towards environmental sustainability. As the data shows, the commitment to reducing emissions and increasing the use of sustainable energy is yielding notable results. 
Subscribe to our Telegram <a href="https://t.me/ultraminingcom">channel</a>! Only the most interesting stuff there

Bitcoin Mining’s Remarkable Leap towards Green Energy Usage

Ultramining_Eng

2023년 6월 28일에 게재된 다른 기사

Saylor: The Next US President Will Be a pro-Bitcoin President

5 of Oshi's Biggest Updates Yet: Unveiling Secret Utility, Expansion Plans, and Tokenomic Changes!

FTX Customers Need to File Proofs of Claim by September 29th

Litecoin Maintains Solid Progress Preceding August Halving, while Sparklo Sustains a Bullish Trend

AI Integration in Cryptocurrency Industry Poses Risk of Increased Scams

TrueUSD’s Trading Volume Soars Past $68 Billion, Demonstrating Strong Market Demand

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!