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Bitcoin Mining Isn t Nearly as Bad for the Environment as It Used to Be, New Data Shows

Bitcoin Mining Isn t Nearly as Bad for the Environment as It Used to Be, New Data Shows
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China halves its share of global Bitcoin electricity use

Get weekly updates Keep up to date with all the latest news from Coin Rivet. By signing up, you agree to our terms & conditions and privacy policy China halves its share of global Bitcoin electricity use Поделиться: The Chinese share of Bitcoin mining’s global usage of electricity fell below half for the first time in April. However, Kazakhstan’s usage has jumped six-fold to become the third-biggest consumer of crypto energy in the world, while China’s global hash rate fell to 46% in the period between September 2019 and April 2021. According to the Cambridge Centre for Alternative Finance, this data offers a good outlook at the migration of the Xinjiang miners from the west to the southern parts of the country where there is a monsoon season, meaning hydropower is much cheaper.

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