Renewables Now Power Much of Global Bitcoin Mining
Renewables now power a large share of global bitcoin mining, as operators shift to cheaper hydro, solar, and wind. This transition lowers emissions but raises questions about energy use.
Capitalizations Index – B ∞/21M
Renewables now power a large share of global bitcoin mining, as operators shift to cheaper hydro, solar, and wind. This transition lowers emissions but raises questions about energy use.
bitcoin’s high energy use stems from proof-of-work mining: specialized computers solve complex puzzles to validate transactions and secure the network, consuming large electricity to prevent fraud and control supply.