Activist Daniel Batten, who studies the effects of cryptocurrencies on climate and energy consumption, shared with new data. bitcoin presented by the opponents “crypto mining is more and more damaging to the environment” smashed into his argument.
Batten, who compiled some on-chain data and shared it with his followers on his Twitter account, said that Bitcoin emission “historic low level” stated that it has arrived.
3 Chart updates
1. New ATL (All Time Low)
Bitcoin is on track to 1/2 its emissions per KWh within 3.5 years
No other industry is reducing emission intensity as fast
2 Reasons:
1. Most miners now use sustainable energy sources
2. More efficient mining rigs pic.twitter.com/peRCykPck5— Daniel Batten (@DSBatten) April 3, 2023
“Emissions per kilowatt of bitcoin mining have halved in the last 3.5 years.”
The climate activist highlighted the possible reasons for the situation, emphasizing that there is no other sector that reduces its emission intensity so quickly. According to Daniel Batten, miners are now using more efficient devices by leveraging sustainable resources.
The Rise of Sustainable Mining
According to on-chain tracker Woobull, the sustainability level of Bitcoin mining has reached 54%, breaking the all-time record.
Batten stated that if the current situation continues, zero carbon footprint is not a dream. The climate activist related the limited decline experienced in recent days with the increase in hashrate rate.
According to on-chain tracker Blockchain.com, BTC mining difficulty has risen by almost 50% in the past 6 months.
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