The sustainability of the Bitcoin mining industry has increased significantly this year, according to a report released by the Miners’ Association that was formed in the wake of the backlash over BTC’s energy use.
In a new report, the Bitcoin Mining Council (BMC) presents the results of its first voluntary survey that examined electricity consumption and the sustainable energy mix of 32% percent of the global Bitcoin network.
According to the survey, survey participants and BMC members currently use electricity with a sustainable energy mix of 67%. Based on the data, the report concludes that the sustainable power mix of the global mining industry rose to 56% in the second quarter of this year.
The BMC survey also points out that Bitcoin’s current use of green energy makes it “one of the most sustainable industries in the world.”
BMC was formed in May to improve transparency and demystify the environmental impact of the Bitcoin mining industry after Tesla CEO Elon Musk disclosed that his electric car company stopped accepting BTC payments in because of concerns about the energy consumption of the crypto king.
Last month, Musk told his 57.8 million Twitter followers that Tesla will open BTC payments once the Bitcoin mining industry is sustainable. achieved a certain threshold.
“When there is confirmation of reasonable (~ 50%) clean energy use by miners with a positive future trend, Tesla will resume allowing Bitcoin transactions.”
Don’t Miss a Beat – Subscribe to receive crypto email alerts straight to your inbox
follow us on Twitter, Facebook and Telegram
Surf the daily Hodl Mix