{"id":45381,"date":"2021-07-02T10:33:32","date_gmt":"2021-07-02T07:33:32","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=45381"},"modified":"2025-09-01T10:49:49","modified_gmt":"2025-09-01T07:49:49","slug":"study-finds-56-share-of-green-energy-in-bitcoin-mining-industry","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/study-finds-56-share-of-green-energy-in-bitcoin-mining-industry\/","title":{"rendered":"Study finds 56% share of green energy in Bitcoin mining industry"},"content":{"rendered":"<p>In the second quarter of 2021, the share of green energy in the global Bitcoin mining industry stood at 56%, according to the Bitcoin Mining Council (BMC) in its first report.<\/p>\n<p>The BMC comprises 23 companies, representing 32% of the network&#8217;s hashrate. According to a survey among association members, the share of renewable energy in their operations stood at 67.6%.<\/p>\n<p>Extrapolating these data to the global Bitcoin mining industry, the BMC concluded that the overall energy consumption mix was 56%.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"517\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/power-mix-1024x517.png\" alt=\"Study finds green energy share in the Bitcoin mining industry at 56%\" class=\"wp-image-140981\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/power-mix-1024x517.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/power-mix-300x151.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/power-mix-768x388.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/power-mix.png 1315w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>Data: BMC.<\/figcaption><\/figure>\n<p>The results largely depended on the responses from BMC members. The study included three questions:<\/p>\n<ul class=\"wp-block-list\">\n<li>How much electricity does your mining fleet consume?<\/li>\n<li>What is the overall percentage of clean energy in your fleet&#8217;s energy mix?<\/li>\n<li>What total hashrate does your fleet generate?<\/li>\n<\/ul>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Bitcoin mining uses a small amount of energy, is becoming more efficient rapidly and relies more on sustainable energy than any major country or industry,&#8221; according to a BMC press release.<\/p>\n<\/blockquote>\n<p>The organization notes that the mining industry accounts for 0.1% of global energy production and 0.4% of energy wasted due to inefficiencies.<\/p>\n<p>In May 2021, North American mining companies <a href=\"https:\/\/u1f987.com\/en\/news\/elon-musk-discusses-prospects-for-green-bitcoin-mining-with-miners\">decided to form an organization<\/a> to promote green energy in the cryptocurrency mining industry.<\/p>\n<p>In June <a href=\"https:\/\/u1f987.com\/en\/news\/elon-musk-has-no-place-among-the-green-bitcoin-miners\">BMC began operations<\/a>. Its members agreed to share energy-use and hashrate data for research and educational purposes.<\/p>\n<p style=\" margin: 12px auto 6px auto; font-family: Helvetica,Arial,Sans-serif; font-style: normal; font-variant: normal; font-weight: normal; font-size: 14px; line-height: normal; font-size-adjust: none; font-stretch: normal; -x-system-font: none; display: block;\"><a title=\"View BMC Q2 2021 Materials on Scribd\" href=\"https:\/\/www.scribd.com\/document\/513918105\/BMC-Q2-2021-Materials#from_embed\" style=\"text-decoration: underline;\">BMC Q2 2021 Materials<\/a> by <a title=\"View ForkLog's profile on Scribd\" href=\"https:\/\/www.scribd.com\/user\/456422024\/ForkLog#from_embed\" style=\"text-decoration: underline;\">ForkLog<\/a> on Scribd<\/p>\n<p><iframe loading=\"lazy\" class=\"scribd_iframe_embed\" title=\"BMC Q2 2021 Materials\" src=\"https:\/\/ru.scribd.com\/embeds\/513918105\/content?start_page=1&#038;view_mode=scroll&#038;access_key=key-HmurMBKumbpzA524CauA\" data-auto-height=\"false\" data-aspect-ratio=\"0.75\" scrolling=\"no\" id=\"doc_81304\" width=\"100%\" height=\"600\" frameborder=\"0\"><\/iframe><\/p>\n<p>Follow ForkLog news on <a href=\"https:\/\/twitter.com\/ForkLog\" target=\"_blank\" rel=\"nofollow noopener\">Twitter<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the second quarter of 2021, the share of green energy in the global Bitcoin mining industry stood at 56%, according to the Bitcoin Mining Council in its first report.<\/p>\n","protected":false},"author":1,"featured_media":45382,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1137,1259],"class_list":["post-45381","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-cryptocurrency-mining","tag-ecology"],"aioseo_notices":[],"amp_enabled":true,"views":"56","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/45381","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=45381"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/45381\/revisions"}],"predecessor-version":[{"id":45383,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/45381\/revisions\/45383"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/45382"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=45381"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=45381"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=45381"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}