The Bitcoin Mining Council (BMC) published the results of a quarterly survey that looked at two important indicators: electricity consumption and a sustainable power mix.
The results of this large-scale study, which are more than favorable, come from more than 32% of the current global Bitcoin network.
Among the most important findings is the fact that BMC members and other participants use electricity with a 67.6% sustainable energy mix.
This means that on a global scale, the sector's sustainable electricity mix increased to around 56% during the second quarter of 2021.
Based on these findings, we can assess that Bitcoin mining is becoming one of the most sustainable industries in the world.
Despite China shutting down over 60 percent of the global Bitcoin network, the Bitcoin network experienced zero downtime, no bailouts, has registered no bankruptcies and simply adapted by redeploying its infrastructure into regions that have greater freedoms, — The network remains as strong as ever, it simply shrugs off adversity and moves forward. Darin Feinstein
Darin Feinstein, founder of Blockcap and Core Scientific, is pleased to have been part of the survey and adds that the survey was conducted at a crucial moment when we see the miners leaving the once most active regions of China.