Home Blockchain News Bitcoin Mining Is Shockingly Mostly Powered by Green Energy

Bitcoin Mining Is Shockingly Mostly Powered by Green Energy

by Rss Feed from web
224 views
cryptocurrency news feed

By CCN: Contrary to popular opinion, it appears that Bitcoin mining might not be as bad for the environment as people think. In a highly detailed report, CoinShares research reveals that 74% of mining activity runs on renewable energy. “We show that Bitcoin mining is mainly located in global regions where there are ample supplies of renewable electricity available. And…we calculate a conservative estimate of the renewables penetration in the energy mix powering the Bitcoin mining network at 74.1%, making Bitcoin mining more renewables-driven than almost every other large-scale industry in the world.” Bitcoin Might Be Greener Than Gold After

The post Bitcoin Mining Is Shockingly Mostly Powered by Green Energy appeared first on CCN

Click To Read Full Article

* First published on ccn.com

Related Posts

Leave a Comment