New evidence 52.2% of Bitcoin Network uses clean energy

ClimateTech Vice Chair Daniel Batten’s recent analysis revealed that 29 mining companies constitute 16.48% of the whole Bitcoin (BTC) network and run on 90-100% clean energy. This percentage also shows that 52.2% of all BTC network use clean energy.Mining companiesBatten said he ran his analysis miner by miner. He accounted for multiple public disclosures of hash rate and used a combination of machine types, MegaWatts of energy, and total BTC mined to compose the table below.mining companiesBatten’s chart includes the hash rate and emission details of the 29 largest mining companies. It also revealed that 12 of them use negative emission sources, which means they actually reduce the Carbon amount in the atmosphere when mining. These 12 companies’ hash rate equates to around 2% of the whole network.The green movementThe usage of renewable energy in BTC was lingering around…

Read more…