Earth Day analysts say Bitcoin mining is naturally gravitating to green energy

Cointelegraph

Published Apr 22, 2022 12:20AM ET

Updated Apr 23, 2022 02:20AM ET

April 22 is Earth Day, and with environmental sustainability one of the key topics in the global debate surrounding Bitcoin (BTC) mining, analysts say the industry has begun to naturally gravitate towards cleaner and cheaper energy sources.

According to a January report by the Bitcoin Mining Council, the global Bitcoin mining industry ran on an estimated 58.5% renewable energy by Q4 2021.

Norway contributes about 1% o the total Bitcoin hashrate: CoinShares

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