Bitcoin mining reaches new all-time high of 54% renewable use
A recent report indicates a significant surge in sustainable energy use for Bitcoin mining . The report, released on Jan. 18 by Bitcoin (BTC) environmental, governance, and corporate governance (ESG) analyst Daniel Batten, is based on data from the BEEST model and an in-depth analysis of publicly available information, highlights that Bitcoin mining’s sustainable energy usage has soared to an unprecedented 54.5%, marking a 3.6% increase over the calendar year 2023. The Bitcoin ESG Forecast’s blog article emphasizes the substantial progress made over the past four years, comparing Bitcoin’s sustainable energy mix with other sectors. The insights presented in the report are particularly significant given the context of Bitcoin mining’s environmental impact. The research draws attention to the practices adopted by off-grid Bitcoin miners, notably in utilizing methane emissions. The report also details how small oil producers in North America, specifically Canada...