Why Bitcoin is Getting Greener: Renewables Power 52% of Mining
Bitcoin-related emissions have slowed over the last three years, thanks to improved machine efficiency and a switch to renewable power, according to a new Cambridge University study.
Key Takeaways:
 
New Cambridge University data shows that 52% of Bitcoin mining is now powered by renewable energy sources.
 
Over the last three years, emissions from the industry have remained steady at 39.8MtCO2e.
 
Mining hardware efficiency also improved, rising 24% year-on-year.
Researchers at Cambridge University recently released their latest report on Bitcoin mining, showing that over 52% of the network is now powered by renewable energy sources, up from 37% in their last report, in 2022.
It is a dramatic shift in the Bitcoin industry’s carbon footprint, which has long been criticized for damaging the climate.

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