Mining council meeting finds that 56% of energy used is renewable

Charlie Taylor

Confronting the narrative adopted by Musk, the first survey by the Bitcoin Mining Council (BMC) found that the share of renewable energy grew to 56%. This Thursday (1st) the first report of the Bitcoin Mining Council (BMC) was issued, which surprised a good part of the market with the positive numbers related to the use of renewable energy by the global mining industry. success sustainable energy information from more than 32% of the current global Bitcoin network in its first ever voluntary survey. The results of this survey show that BMC members and survey participants are currently using electricity with a 67% sustainable energy mix. Based on this data, it is estimated that the mining industry's sustainable electricity mix has grown to approximately 56%, during the second quarter of 2022, which makes it one of the most sustainable industries in the world.BMC was founded in May 2022 with the support of several companies in the mining sector in search of making the industry more sustainable and showing the numbers energy matrix. One of the initiative's supporters and current MicroStrategy CEO, Michael Saylor, in a statement praised the creation of BMC as an important step in bringing more transparency and understanding to the industry.“I am pleased to see that the Bitcoin mining industry has voluntarily joined together to provide critical information to the general public and policy makers, especially with regard to clarifying common misconceptions about the nature and scale of the use of Bitcoin energy. This survey – the first quarterly publication of many we hope to come – is based on data from miners around the world. As I've stated before, just because the Bitcoin network is decentralized doesn't mean it has to be disorganized.” Saylor said. The data presented directly hurts the narrative adopted by Elon Musk, who blocked Tesla's payments alleging the environmental cost of the mining industry. The amount is even higher than the minimum amount quoted by Musk for the cryptocurrency to be accepted again as payment by Tesla.To stay up to date, follow the QR Capital on Instagram and on Twitter.Content Mining Council Meeting Finds 56% of Energy Used is Renewable Appears First in BlockTrends – Blockchain | Investments | Savings.Buy and sell Bitcoin and other cryptocurrencies at Coinext
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