The majority of Bitcoin mining is fueled by sustainable energy. More specifically, 52.6% of the energy used to mine Bitcoin comes from sustainable (green) sources. This is a 38% increase from July 2019 to now, which is absolutely incredible. Moreover, this is more than any other industry, including the banking sector (39.2%), the industrial sector (32%) and the agricultural sector (19.6%). Miners are forced to be efficient becuase of the efficient so Bitcoin mining is leading the green movement here. Seems like its finally time to put this anti Bitcoin energy usage narrative to rest. Other sectors have much to learn from Bitcoin miners. Given that over 50% of the energy used to mine Bitcoin is now green, it is time for Tesla to accept Bitcoin payments again, right? Would not surprise me if this happens soon now that we are seeing major instutional players like Fidelity and BlackRock embracing Bitcoin with ETF filings, as well as Citadel (Charles Schwab) with a crypto exchange. [link] [comments] |
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