Sustainable Bitcoin Mining Energy Mix Reaches 59.5%: BTC Mining Council

The latest Q2 report also details the increased energy efficiency of Bitcoin miners.

Nearly 60% of the electricity used to power Bitcoin mining machines comes from sustainable sources, according to the latest 2022 Quarter 2 report from the Bitcoin Mining Council (BMC).

In its second quarter review of the bitcoin network published on July 19, the BMC found that the use of sustainable energy by the global bitcoin mining industry increased by 6% compared to the second quarter of 2021 and 2% compared to the first quarter of 2022, reaching 59.5% in the last quarter. quarter - adding that it is "one of the most sustainable industries in the world".

The board observed the The increase in miners' sustainable energy mix has also coincided with an increase in mining efficiency.

Q2 bitcoin mining hash rate increased 137% year-over-year, while power consumption increased only 63%, demonstrating an increase in 46% efficiency

Further details on the energy efficiency of Bitcoin mining were shared in the BMC's YouTube briefing on its full report on July 19 with MicroStrategy CEO Michael Saylor. Compared to eight years ago, Saylor said miner energy efficiency has increased by 5,814%

In Q2 2022, #Bitcoin