{"id":520313,"date":"2023-02-20T18:00:31","date_gmt":"2023-02-20T18:00:31","guid":{"rendered":"https:\/\/ktsl888.com\/?p=520313"},"modified":"2024-06-11T14:32:40","modified_gmt":"2024-06-11T14:32:40","slug":"bitcoin-has-been-growing-its-sustainable-energy-mix-over-the-past-2-years","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-has-been-growing-its-sustainable-energy-mix-over-the-past-2-years\/","title":{"rendered":"Bitcoin Has Been Growing Its Sustainable Energy Mix Over The Past 2 Years"},"content":{"rendered":"<p><span data-preserver-spaces=\"true\">Bitcoin, the world&#8217;s most secure blockchain by hash rate, has been growing its sustainable energy mix at a rate of 6.2% over the last two years, David Batten, a ClimateTech venture capitalist, notes in a tweet posted on February 20.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Bitcoin&#8217;s Sustainable Energy Base Rising<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">At this pace, David explains, the growth of Bitcoin&#8217;s sustainable energy base is one of the fastest in the industry and is an &#8220;impressive&#8221; feat for any platform or major player in any demanding sector.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">1\/4<\/p>\n<p>Having a model means we can start building charts<\/p>\n<p>Here&#39;s 4 new charts for Bitcoin &amp; Energy<a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#Bitcoin<\/a> has grown its sustainable energy mix @ 6.2% p.a from Jan 2020<\/p>\n<p>* 6.2% growth rate is faster than any major industry<br \/>* 52.6% Sustainable mix is \u2b06\ufe0f any major industry<\/p>\n<p>\ud83e\uddf5 <a href=\"https:\/\/t.co\/r12AuQCpBw\" rel=\"nofollow\">pic.twitter.com\/r12AuQCpBw<\/a><\/p>\n<p>&mdash; Daniel Batten (@DSBatten) <a href=\"https:\/\/twitter.com\/DSBatten\/status\/52094976?ref_src=twsrc%5Etfw\" rel=\"nofollow\">February 20, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span data-preserver-spaces=\"true\">Accordingly, Bitcoin has a sustainable energy mix of 52.6%, up from around 32% in mid-June 2020.\u00a0<\/span><span data-preserver-spaces=\"true\">The sustainable energy mix is a metric that indicates the pace at which a platform or an industry uses sustainable and renewable energy to power its operation. Renewable energy sources cannot be exhausted but can some can also be unsustainable.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/bitcoin\/bitcoin-hash-rate-at-near-all-time-high\/\">Bitcoin Hash Rate at Near All-Time High despite Rising Mining Difficulty<\/a><\/div>\n<p><span data-preserver-spaces=\"true\">However, if sustainable renewable energy sources like wind and hydro are harnessed to power operations without harming the environment, an industry using this system would drastically push its sustainable energy mix rating.\u00a0\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Over the years, hydro, solar, and wind sources have proven adequate. They have been widely tapped by Bitcoin miners to power energy-demanding mining rigs.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Bitcoin Miners Reliant On Renewable Energy Sources<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Considering David&#8217;s findings, Bitcoin miners have gradually increased their sustainable energy sources to power energy-hungry mining rigs.\u00a0<\/span><\/p>\n<figure id=\"attachment_520316\" aria-describedby=\"caption-attachment-520316\" style=\"width: 840px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-520316 size-full\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/02\/Bitcoin-Price-on-February-20.png?resize=840%2C518\" alt=\"Bitcoin Price on February 20\" width=\"840\" height=\"518\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/02\/Bitcoin-Price-on-February-20.png?w=840 840w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/02\/Bitcoin-Price-on-February-20.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/02\/Bitcoin-Price-on-February-20.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/02\/Bitcoin-Price-on-February-20.png?w=750 750w\" sizes=\"(max-width: 840px) 100vw, 840px\"><figcaption id=\"caption-attachment-520316\" class=\"wp-caption-text\">Bitcoin Price on February 20| Source: <a href=\"https:\/\/www.tradingview.com\/\" target=\"_blank\" rel=\"noopener nofollow\">BTCUSDT On Binance, TradingView<\/a><\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">Notably, it was observed that Bitcoin&#8217;s emissions have been trending lower since the Chinese government banned cryptocurrency mining in its jurisdiction in mid-2021.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Then, authorities in China argued that crypto mining operations increased their country&#8217;s emissions, directly contradicting their efforts to become gradually more dependent on renewable energy sources. The strict ban on crypto and Bitcoin mining operations and their objective of reducing carbon footprints follow their signing of the Paris Agreement in 2015.<\/span><\/p>\n<figure id=\"attachment_520315\" aria-describedby=\"caption-attachment-520315\" style=\"width: 691px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"wp-image-520315 size-full\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/02\/Bitcoin-Emissions-Dropping.png?resize=691%2C491\" alt=\"Bitcoin Emissions Dropping\" width=\"691\" height=\"491\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/02\/Bitcoin-Emissions-Dropping.png?w=691 691w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/02\/Bitcoin-Emissions-Dropping.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/02\/Bitcoin-Emissions-Dropping.png?w=120 120w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/02\/Bitcoin-Emissions-Dropping.png?w=350 350w\" sizes=\"(max-width: 691px) 100vw, 691px\"><figcaption id=\"caption-attachment-520315\" class=\"wp-caption-text\"><a href=\"https:\/\/ccaf.io\/cbeci\/ghg\/index\" target=\"_blank\" rel=\"noopener nofollow\">Bitcoin Emissions Dropping<\/a><\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">Besides emission dropping, David claimed that Bitcoin&#8217;s emissions intensity has been falling in tandem. Emission intensity measures emissions released per KWH. This metric has decreased over the past years as more miners opt for renewable energy sources.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Bitcoin operates with a proof-of-work (PoW) consensus algorithm. It relies on a community of miners who operate rigs to verify transactions and secure the network.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/bitcoin\/bitcoin-mining-difficulty-touches-new-ath-following-4-68-adjustment\/\">Bitcoin Mining Difficulty Touches New ATH Following 4.68% Adjustment<\/a><\/div>\n<p><span data-preserver-spaces=\"true\">As of writing on February 20, Bitcoin has a <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/mempool.space\/mining\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">hash rate<\/span><\/a><span data-preserver-spaces=\"true\"> of 311.6 EH\/s and a difficulty of 39.16T. Mining pools such as Foundry USA and AntPool dominate the BTC mining sector. The top two pools have a cumulative hash rate exceeding 50% of the total.<\/span><\/p>\n<div class=\"disclaimer-shortcode\">Feature image from Canva, Chart from TradingView.<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin, the world&#8217;s most secure blockchain by hash rate, has been growing its sustainable energy mix at a rate of 6.2% over the last two years, David Batten, a ClimateTech venture capitalist, notes in a tweet posted on February 20. Bitcoin&#8217;s Sustainable Energy Base Rising At this pace, David explains, the growth of Bitcoin&#8217;s sustainable energy base is one of the fastest in the industry and is an &#8220;impressive&#8221; feat for any platform or major player in any demanding sector.\u00a0 1\/4 Having a model means we can start building charts Here&#39;s 4 new charts for Bitcoin &amp; Energy#Bitcoin has grown its sustainable energy mix @ 6.2% p.a from Jan 2020 * 6.2% growth rate is faster than any major industry* 52.6% Sustainable mix is \u2b06\ufe0f any major industry \ud83e\uddf5 pic.twitter.com\/r12AuQCpBw &mdash; Daniel Batten (@DSBatten) February 20, 2023 Accordingly, Bitcoin has a sustainable energy mix of 52.6%, up from around 32% in mid-June 2020.\u00a0The sustainable energy mix is a metric that indicates the pace at which a platform or an industry uses sustainable and renewable energy to power its operation. Renewable energy sources cannot be exhausted but can some can also be unsustainable.\u00a0 Related Reading: Bitcoin Hash Rate at Near All-Time High despite Rising Mining Difficulty However, if sustainable renewable energy sources like wind and hydro are harnessed to power operations without harming the environment, an industry using this system would drastically push its sustainable energy mix rating.\u00a0\u00a0 Over the years, hydro, solar, and wind sources have proven adequate. They have been widely tapped by Bitcoin miners to power energy-demanding mining rigs. Bitcoin Miners Reliant On Renewable Energy Sources Considering David&#8217;s findings, Bitcoin miners have gradually increased their sustainable energy sources to power energy-hungry mining rigs.\u00a0 Notably, it was observed that Bitcoin&#8217;s emissions have been trending lower since the Chinese government banned cryptocurrency mining in its jurisdiction in mid-2021.\u00a0 Then, authorities in China argued that crypto mining operations increased their country&#8217;s emissions, directly contradicting their efforts to become gradually more dependent on renewable energy sources. The strict ban on crypto and Bitcoin mining operations and their objective of reducing carbon footprints follow their signing of the Paris Agreement in 2015. Besides emission dropping, David claimed that Bitcoin&#8217;s emissions intensity has been falling in tandem. Emission intensity measures emissions released per KWH. This metric has decreased over the past years as more miners opt for renewable energy sources. Bitcoin operates with a proof-of-work (PoW) consensus algorithm. It relies on a community of miners who operate rigs to verify transactions and secure the network.\u00a0 Related Reading: Bitcoin Mining Difficulty Touches New ATH Following 4.68% Adjustment As of writing on February 20, Bitcoin has a hash rate of 311.6 EH\/s and a difficulty of 39.16T. Mining pools such as Foundry USA and AntPool dominate the BTC mining sector. The top two pools have a cumulative hash rate exceeding 50% of the total. Feature image from Canva, Chart from TradingView.<\/p>\n","protected":false},"author":384,"featured_media":520317,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1119,78790],"class_list":["post-520313","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btc","tag-btcusdt"],"acf":[],"yoast_head":"\n<title>Bitcoin Has Been Growing Its Sustainable Energy Mix<\/title>\n<meta name=\"description\" content=\"Bitcoin, the world&#039;s most secure network by hash rate, has been growing its sustainable energy mix at a rate of 6.2% over the last two years.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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The continent still struggles with reliable internet access, and educational campaigns highlighting the benefits of this wonderful solution are insufficient. Moreover, even for those interested, understanding DeFi can look like learning a new language. Dalmas is here to help make the tech easy to understand and digestible, even for beginners. The story of DeFi in Africa is still being written. Challenges abound, but the promise of a more inclusive financial future is a powerful motivator. With innovation and collaboration, Dalmas firmly believes that DeFi could become the key to unlocking Africa's full economic potential. This possibility and its immense value motivate Dalmas to continue breaking key DeFi innovations and more across the globe. His engineering background further enhances his ability to deliver well-thought-out pieces that blend technical insight with clear, impactful reporting. 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