In his tweet, the climate tech activist and investor pointed out the reasons why the situation has changed. First, he mentioned that most miners had improved in using sustainable energy resources. And secondly, there were more structured and efficient mining rigs.
Due to these factors, mining sustainability reached an All-Time High of 54%. Mining in crypto considers emissions and precise energy used in creating power for the activity. This, sometimes, leads to carbon emissions which only have a lesser impact than coal-powered energy.But now that the emission intensity has reduced, it implies that Bitcoin is effectively heading toward carbon neutrality. And, according to Batten, it could reduce its impact on the environment by half in three years.
Additionally, the Bitcoin investor also noted that the sustainability ATH had slightly decreased. And this has been an aftereffect of a“Total emissions are up from a fortnight ago. These are indirect emissions caused by electricity use . Bitcoin like EVs has no direct emissions.” Notably, the Bitcoin hashrate refers to the total computational power used to mine and process transactions on the Proof-of-Work consensus network. It also describes the estimated number of hashes per second by miners on the Bitcoin network.Of late, the hashrate has been rising to new ATHs week-in, and week-out as the BTC price continues an overall green performance. At the time of writing, the