The share of green energy in bitcoin mining exceeded 58%

The data is provided in a report by the Bitcoin Mining Council, founded by MicroStrategy head Michael Saylor

27.04.2022 - 10:20

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What’s new? According to a survey conducted among mining companies, the industry’s share of renewable resources exceeds 58%. This data is published by the Bitcoin Mining Council, created on the initiative of the head of MicroStrategy Michael Saylor.

The full version of the report

What other data is in the report? The survey on the use of green energy was conducted among 44 companies that generate a total of 50% of the bitcoin network’s hashrate. Between January and March 2022, the total amount of energy received from renewable sources amounted to 58,4%. A year earlier, this figure was at the level of 36,8%. Overall mining efficiency increased by 63% due to new technologies and the use of solar and wind power.

What had happened before? In early April, it became known that Tesla, Blockstream, and Block will start mining bitcoin off solar power. To this end, a cryptocurrency mining data center will be built in Texas. A Tesla 3,8 MW solar array and a 12 MWh Megapack system will be used to power the facility.

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