Over 50% Of BTC Mining Uses Clean Energy, New Research Reveals
April 12, 2023 (Investorideas.com Newswire) Bitcoin mining has been a controversial topic for years due to concerns about its environmental impact. In 2022, it was estimated that Bitcoin mining could account for up to 0.1% of global greenhouse gas emissions. This has prompted many to seek alternative sources of energy for their operations.
According to TradingPlatforms.com, over 50% of Bitcoin mining is now using clean energy sources. This shift towards renewable energy is expected to continue as more miners seek to reduce their carbon footprint in the coming years.
Tradingplatforms.com financial analyst Edith Reads commented on the data saying, "Bitcoin mining is powered by renewable energy, such as wind, coal, gas, solar and hydroelectric power, as well as nuclear energy. By using these clean energy sources instead of traditional fossil fuels, Bitcoin mining is more sustainable and has a lower environmental impact."
Emissions from mining cryptocurrency have been criticized for their impact on global warming. In 2020, Bitcoin mining was estimated to have used 75.4 terawatt-hours of electricity, more than the country of Austria. This energy consumption has an environmental impact and generates high carbon emissions. The full story and statistics can be found here: Over 50% Of BTC Mining Uses Clean Energy, New Research Reveals
More Info:
This news is published on the Investorideas.com Newswire - a global digital news source for investors and business leaders
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.
More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/
Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp
