80% of Bitcoin miners use renewable energy sources

[ahmor8 3]

Hydropower use is highest in Europe and North America.
Coal and natural gas are used by 38% and 36% of bitcoin miners.
A new report by researchers from the University of Cambridge concludes that 76% of Bitcoin miners use renewable sources as part of their energy mix. It is thus estimated that of this group of miners, about 62% use hydroelectric energy, a percentage very similar to what the academics were able to determine in 2018.

The research, published this September, is the third Global Cryptocurrency Benchmarking Study conducted by the Cambridge Center for Alternative Finance (CCAF). In the report, the teachers analyze the changes that have occurred in the cryptocurrency industry since the publication of their first and second studies, in 2017 and 2018, respectively.

 

On this occasion, the researchers applied a new survey and collected data from 280 companies in 59 countries between March and May 2020 (before the expansion of the coronavirus pandemic). They evaluated the four main segments of the cryptocurrency ecosystem: exchanges, payments, custody, and mining.

Specifically in the area of mining, the fact that hydroelectric energy is the number one energy source stands out, since 62% of the miners surveyed run their mining operations with this energy.

Other types of clean energy (eg wind and solar) rank lower behind coal and natural gas, which account for 38% and 36% of respondents' energy sources respectively. Overall, 39% of all energy used by miners globally is renewable.

[rocki 319]

18 minutes ago, ahmor8 said:

Hydropower use is highest in Europe and North America.
Coal and natural gas are used by 38% and 36% of bitcoin miners.
A new report by researchers from the University of Cambridge concludes that 76% of Bitcoin miners use renewable sources as part of their energy mix. It is thus estimated that of this group of miners, about 62% use hydroelectric energy, a percentage very similar to what the academics were able to determine in 2018.

The research, published this September, is the third Global Cryptocurrency Benchmarking Study conducted by the Cambridge Center for Alternative Finance (CCAF). In the report, the teachers analyze the changes that have occurred in the cryptocurrency industry since the publication of their first and second studies, in 2017 and 2018, respectively.

 

On this occasion, the researchers applied a new survey and collected data from 280 companies in 59 countries between March and May 2020 (before the expansion of the coronavirus pandemic). They evaluated the four main segments of the cryptocurrency ecosystem: exchanges, payments, custody, and mining.

Specifically in the area of mining, the fact that hydroelectric energy is the number one energy source stands out, since 62% of the miners surveyed run their mining operations with this energy.

Other types of clean energy (eg wind and solar) rank lower behind coal and natural gas, which account for 38% and 36% of respondents' energy sources respectively. Overall, 39% of all energy used by miners globally is renewable.

Renewable energy sources are becoming more and more popular all over the world, not only in the world of mining and cryptocurrencies. I think this is good news and this phenomenon will increase in next years. How do you think? Do you agree with this statement?

[crizan1412 185]

good information