Bitcoin miners use an estimated 348 terawatt hours of electricity per year, and with the world increasingly moving to renewables, some are asking the question just where does Bitcoin get its electricity To answer that question, Visual Capitalist's Chris Deckert partnered with HIVE Digital to visualize data from the Cambridge Centre for Alternative Finance and Ember, a climate-oriented energy think tank, to look at the Bitcoin network’s electricity mix.
Ireland’s reported share—and this applies to sixth-place Germany, as well—is thought to be a significant overstatement caused by miners in other countries masking their true locations. The Role of Renewables On a national basis, the U.S., China, and Kazakhstan each had renewable shares of 22.5%, 30.2%, and 11.3% respectively. For context, renewables made up 30% of the world’s electricity generation in 2022 not including nuclear.
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