Tesla CEO Elon Musk in May of last year bitcoin in mining He brought up the agenda that too much energy is consumed and that this energy harms the environment.
Musk, due to the environmental impact of Bitcoin, Tesla vehicles Bitcoin) announced that it was suspending its payments.
After concerns about Bitcoin mining, Musk met with North American Bitcoin miners and announced that these miners were committed to using renewable energy in Bitcoin mining.
Established after Musk’s meeting with miners “Bitcoin Mining Council” announced the first quarter results of 2022 yesterday.
In this report, the Council investigated how much electricity mining companies consume, what percentage of this electricity is produced from water, wind, solar, nuclear or geothermal sources, and the hash rate obtained.
According to the figures announced bitcoin It was observed that the electricity usage of the network decreased by 25% in the first quarter of 2022 compared to the same period a year ago.
The report revealed that, besides electricity, 64.6% of sustainable energy is used in mining.
While electricity usage decreased by 25%, the hash rate increased by 23% from 164.9 to 202.1.
The report also showed that 247 terawatt-hours (TWh) of energy is consumed in global Bitcoin mining, thus consuming less than half of the energy consumed in gold mining.
Claiming that this amount of energy uses 0.16% of the world’s total energy use, the report said that the consumption is far below the total estimated energy use by the sector.
The council, which consists of 44 Bitcoin mining companies that make up 50% of the global Bitcoin network, BTC supporter of Michael Saylor, CEO of MicroStrategy managed by.
Founded in May, the Council announced the first results on Bitcoin mining in July 2021.