BTC mining, sustainable energy have bullish stats for investors

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Bitcoin mining and environmental concerns are the two terminologies that are used quite often when addressing the issue around Bitcoin. A lot of investors have been asking- Will Bitcoin have a bad reputation in environmental, social, and governance (ESG) circles forever? It is only a matter of time before we find out. Nothing lasts forever […]

that the global Bitcoin mining industry’s use of sustainable energy is up by 6% from Q2 2021 and up 2% from Q1 2022, reaching 59.5% in the latest quarter.In addition, the mining network also became more secure, represented by the surge in the hashrate datasets.This demonstrated an efficiency increase of 46% due to several factors including advances in semiconductor technology, the rapid growth of North American mining, and the Chinese exodus.

Furthermore, contrary to popular belief, Bitcoin mining energy accounted for only 0.15% when compared to the world’s total energy.It also accounted for just 0.09% of the 34.8 billion metric tons of carbon emissions estimated to be produced globally.That’s exactly the case with mining operations and their respective operators. The ever-lasting correction in the BTC market found it14,600 Bitcoin and only produced 3,900 Bitcoin this month.of their production within the same period.

 

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