‘The future of bitcoin mining’
Bitcoin is often criticized for its high energy use, which contributes to planet-warming pollution. However, as The Crypto Times reported, one climate tech investor wants to get the word out that bitcoin derives the biggest share of its energy from a potentially unexpected source: hydroelectric power.
Daniel Batten’s findings show that the bitcoin network gets 23.12% of its energy from hydroelectric sources, with coal and gas sources following at 22.92% and 21.14%, respectively.
This updates findings from the Cambridge Centre for Alternative Finance, which previously identified coal as bitcoin’s largest energy source. However, the CCAF report confirmed that the estimate was limited, at least in part, by limited real-world…
