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Profile of bitcoin's energy usage and how it's changing over timecdn.prod.website-files.com/668e68a2d1cc5a461cdd6674/67ea5d27012290f19ff120c5_MiCAxNodiens_Report_Carbon_Footprint_Path_to_2030.pdf
301 sats \ 2 comments \ @k00b 2 Apr bitcoin_Mining
This is a report done by Markets in Crypto-Assets Regulation which is some EU regulatory agency.
From the highlights:
-Bitcoin is becoming significantly greener. The share of renewable energy in its energy mix grown from 20% in 2011 to 41% in 2024.
  • Conversely, coal usage has fallen from 63% in 2011 to 20% in 2024. -By 2030, the Bitcoin network is projected to be at least 70% powered by sustainable energy sources.
  • Carbon emissions may still increase in absolute terms for a few more years if bitcoin goes through very bullish price scenarios before stabilising and finally falling.
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100 sats \ 0 replies \ @SimpleStacker 2 Apr
I think the best argument against any energy FUD is to simply say that Bitcoin's energy mix is cleaner than the average kwH. So if you're criticizing Bitcoin's energy-use, it's really because you think it's a wasteful use of energy, not because its production is dirty. And if you say that, then it's probably because you haven't thought about monetary economics. So let me explain.... proceed to orange pill
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0 sats \ 0 replies \ @k00b OP 2 Apr
I could've swore I double checked the formatting. Corrected:
  • Bitcoin is becoming significantly greener. The share of renewable energy in its energy mix grown from 20% in 2011 to 41% in 2024.
  • Conversely, coal usage has fallen from 63% in 2011 to 20% in 2024.
  • By 2030, the Bitcoin network is projected to be at least 70% powered by sustainable energy sources.
  • Carbon emissions may still increase in absolute terms for a few more years if bitcoin goes through very bullish price scenarios before stabilising and finally falling.
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