Mining Report Shows Bitcoin’s Electricity Consumption Decreased by 25% in Q1 2022

At the end of May last year, Tesla’s Elon Musk convinced bitcoin industry leaders to form a Bitcoin Mining Council and in mid-July, the BMC launched its public services and website.

The voluntary sector survey indicated that out of all the participants 64.6% leverage electricity with a sustainable power mix.

“We observed a 63% year-on-year increase in efficiency due to advances in semiconductor technology, the rapid expansion of North American mining, the China Exodus, and the worldwide adoption of sustainable energy and modern bitcoin mining techniques,” Saylor added.

“The BMC membership hashrate increased from 29 EH at its inception, to 101 EH in Q1 2022,” Feinstein said.

As sunlight is the best disinfectant, it is important for the world to get the real facts about the amount of energy used and carbon released by the Bitcoin Network.

Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

Last December, the renowned professional skateboarder Tony Hawk released his “Last Trick” non-fungible token collection via the NFT marketplace Autograph.

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