The Bitcoin Mining Council (BMC) has released the Global Bitcoin Mining Data Review Q2 2022 report. The report has interesting findings on digital asset mining that will certainly add to the debate on the impact of crypto mining on the environment. According to the BMC report, Bitcoin mining uses an inconsequential amount of global energy, generates negligible carbon emissions, and is an industry leader in an unsustainable energy mix.
The report indicated that Bitcoin mining energy usage was only 253 Terawatt-hour (TWh) out of the total 165,317 TWh energy utilized worldwide, accounting for only 0.15% of the world’s energy production. The report mentioned that Bitcoin mining accounted for 0.086% of the world’s carbon emissions. The report also mentioned that global Bitcoin mining energy use in comparison to energy use from several countries was negligible. In comparison to other industries, the report noted that Bitcoin mining is. Bitcoin is the industry leader in sustainability,...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...