Usage of non-renewable energy in Bitcoin mining increased by 13% in 2021

Usage of non-renewable energy in Bitcoin mining increased by 13% in 2021

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Usage of non-renewable energy in Bitcoin mining increased by 13% in 2021

CryptoSlate2 months ago
BitcoinBitcoin
SolarSolar
Published on September 27, 2022 13:00 GMT+00:00edited on September 27, 2022 18:31 GMT+00:00

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The Cambridge Centre for Alternative Finance (CCAF), which tracks the electricity consumption of Bitcoin (BTC) mining, added the sources of energy in a major update on Sept. 27. According to the data, the sustainable electricity mix in bitcoin mining declined by 13% in 2021, compared to 2020.

Electricity from natural gas and nuclear energy saw the highest increase last year. Usage of electricity from natural gas nearly doubled from 12.83% in 2020 to 22.92% last year. On the other hand, the share of nuclear energy in the Bitcoin mining electricity mix more than doubled from 4.02% in 2020 to 8.85% in 2021.

Electricity produced from oil increased marginally to 1.47% from 1.21% the year before. Coal remained the largest source of Bitcoin mining electricity, despite its share falling to 38.23% …