Bitcoin Mining On Track For Sustainable Energy Usage
The Bitcoin Mining Council (BMC) released their first quarter report for 2022. Based on the findings the sustainable energy consumption for bitcoin mining has increased by 60% in the past year.
A lot of critics said Bitcoin is a waste of energy. So the community acted and shifted its focus towards renewable energy. While BMC only accounts for 50% of the mining operations, this renewable energy sources will grow and more miners will shift operations towards these better sources.