{"id":302469,"date":"2023-04-03T22:00:22","date_gmt":"2023-04-03T16:30:22","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=302469"},"modified":"2023-04-04T00:10:30","modified_gmt":"2023-04-03T18:40:30","slug":"bitcoin-btc-emission-intensity-hits-new-all-time-low-heres-why","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/bitcoin-btc-emission-intensity-hits-new-all-time-low-heres-why\/","title":{"rendered":"Bitcoin [BTC] emission intensity hits new all-time low- Here&#8217;s why"},"content":{"rendered":"<ul>\n<li><em>Bitcoin mining sustainability reached a new ATH, thereby reducing gas emissions.<\/em><\/li>\n<li><em>Miners&#8217; revenue remains at extremely low levels.<\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">One problem <\/span><span style=\"font-weight: 400;\">Bitcoin [BTC]<\/span><span style=\"font-weight: 400;\"> miners have faced is the complaints about energy draining and untenable greenhouse gas emissions on the environment. But as of press time, the emission intensity reached a new All-Time Low (ATL), according to a Woobull chart shared by Daniel Batten (a climate activist).<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">3 Chart updates<\/p>\n<p>1. New ATL (All Time Low)<\/p>\n<p>Bitcoin is on track to 1\/2 its emissions per KWh within 3.5 years<\/p>\n<p>No other industry is reducing emission intensity as fast<\/p>\n<p>2 Reasons:<br \/>1. Most miners now use sustainable energy sources<br \/>2. More efficient mining rigs <a href=\"https:\/\/t.co\/peRCykPck5\">pic.twitter.com\/peRCykPck5<\/a><\/p>\n<p>&mdash; Daniel Batten (@DSBatten) <a href=\"https:\/\/twitter.com\/DSBatten\/status\/1642722980324319232?ref_src=twsrc%5Etfw\">April 3, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<hr \/>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">How much are <\/span><span style=\"font-weight: 400;\">1,10,100 BTCs worth today<\/span><span style=\"font-weight: 400;\">?<\/span><\/p>\n<hr \/>\n<h3>Thanks to the rigs and energy<\/h3>\n<p><span style=\"font-weight: 400;\">In his tweet, the climate tech activist and investor pointed out the reasons why the situation has changed. First, he mentioned that most miners had improved in using sustainable energy resources. And secondly, there were more structured and efficient mining rigs.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Due to these factors, mining sustainability reached an All-Time High (ATH) of 54%. Mining in crypto considers emissions and precise energy used in creating power for the activity. This, sometimes, leads to carbon emissions which only have a lesser impact than coal-powered energy.<\/span><\/p>\n<figure id=\"attachment_302475\" aria-describedby=\"caption-attachment-302475\" style=\"width: 970px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-03-at-08.42.20.png\"><img decoding=\"async\" class=\"size-full wp-image-302475\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-03-at-08.42.20.png\" alt=\"Bitcoin mining sustainabilty\" width=\"970\" height=\"697\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-03-at-08.42.20.png 970w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-03-at-08.42.20-300x216.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/Screenshot-2023-04-03-at-08.42.20-768x552.png 768w\" sizes=\"(max-width: 970px) 100vw, 970px\" \/><\/a><figcaption id=\"caption-attachment-302475\" class=\"wp-caption-text\">Source: Woobull<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">But now that the emission intensity has reduced, it implies that Bitcoin is effectively heading toward carbon neutrality. And, according to Batten, it could reduce its impact on the environment by half in three years.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Additionally, the Bitcoin investor also noted that the sustainability ATH had slightly decreased. And this has been an aftereffect of a <\/span><a href=\"http:\/\/ambcrypto.com\/assessing-bitcoins-hashrate-and-network-difficulty-as-btc-drops\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">rising hashrate<\/span><\/a><span style=\"font-weight: 400;\"> without significant mining activity. Datten noted,<\/span><\/p>\n<blockquote><p>\u201cTotal emissions are up from a fortnight ago. These are indirect emissions caused by electricity use (like the indirect emissions of EVs). Bitcoin like EVs has no direct emissions.\u201d<\/p><\/blockquote>\n<p><span style=\"font-weight: 400;\">Notably, the Bitcoin hashrate refers to the total computational power used to mine and process transactions on the Proof-of-Work (PoW) consensus network. It also describes the estimated number of hashes per second by miners on the Bitcoin network.<\/span><\/p>\n<figure id=\"attachment_302474\" aria-describedby=\"caption-attachment-302474\" style=\"width: 1800px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/glassnode-studio_bitcoin-mean-hash-rate-1.png\"><img decoding=\"async\" class=\"size-full wp-image-302474\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/glassnode-studio_bitcoin-mean-hash-rate-1.png\" alt=\"Bitcoin hashrate\" width=\"1800\" height=\"1013\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/glassnode-studio_bitcoin-mean-hash-rate-1.png 1800w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/glassnode-studio_bitcoin-mean-hash-rate-1-300x169.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/glassnode-studio_bitcoin-mean-hash-rate-1-1024x576.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/glassnode-studio_bitcoin-mean-hash-rate-1-768x432.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/glassnode-studio_bitcoin-mean-hash-rate-1-1536x864.png 1536w\" sizes=\"(max-width: 1800px) 100vw, 1800px\" \/><\/a><figcaption id=\"caption-attachment-302474\" class=\"wp-caption-text\">Source: Glassnode<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Of late, the hashrate has been rising to new ATHs week-in, and week-out as the BTC price continues an overall green performance. At the time of writing, the <\/span><a href=\"https:\/\/studio.glassnode.com\/metrics?a=BTC&amp;category=&amp;m=mining.HashRateMean\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">situation was not changed<\/span><\/a><span style=\"font-weight: 400;\"> based on Glassnode data.<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Is your portfolio green? Check the <\/span><a href=\"http:\/\/ambcrypto.com\/calculator\/bitcoin-profit-calculator\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Bitcoin Profit Calculator<\/span><\/a><\/p>\n<hr \/>\n<h3>No savior yet for the turnover<\/h3>\n<p><span style=\"font-weight: 400;\">But has the drop in mining activity <\/span><a href=\"http:\/\/ambcrypto.com\/btc-miners-face-the-heat-but-hodlers-continue-to-show-faith\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">affected miners\u2019<\/span><\/a><span style=\"font-weight: 400;\"> revenue or fees? At press time, <\/span><a href=\"https:\/\/studio.glassnode.com\/metrics?a=BTC&amp;category=Miners&amp;m=fees.VolumeSum\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">total fees<\/span><\/a><span style=\"font-weight: 400;\"> which do not include newly issued coins generated remained at a low point similar to the 2022 trend.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">When it comes to <\/span><a href=\"https:\/\/studio.glassnode.com\/metrics?a=BTC&amp;category=Miners&amp;m=mining.RevenueSum\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">miners\u2019 revenue<\/span><\/a><span style=\"font-weight: 400;\">, the decline was evident. The metric measures income generated plus newly minted coins. According to Glassnode, the revenue was down 870.90 BTC.\u00a0<\/span><\/p>\n<figure id=\"attachment_302472\" aria-describedby=\"caption-attachment-302472\" style=\"width: 1800px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/glassnode-studio_bitcoin-total-miner-revenue-btc-all-miners-3.png\"><img decoding=\"async\" class=\"size-full wp-image-302472\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/glassnode-studio_bitcoin-total-miner-revenue-btc-all-miners-3.png\" alt=\"Bitcoin miners revenue\" width=\"1800\" height=\"1013\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/glassnode-studio_bitcoin-total-miner-revenue-btc-all-miners-3.png 1800w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/glassnode-studio_bitcoin-total-miner-revenue-btc-all-miners-3-300x169.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/glassnode-studio_bitcoin-total-miner-revenue-btc-all-miners-3-1024x576.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/glassnode-studio_bitcoin-total-miner-revenue-btc-all-miners-3-768x432.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/04\/glassnode-studio_bitcoin-total-miner-revenue-btc-all-miners-3-1536x864.png 1536w\" sizes=\"(max-width: 1800px) 100vw, 1800px\" \/><\/a><figcaption id=\"caption-attachment-302472\" class=\"wp-caption-text\">Source: Glassnode<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">For the time being, miners continue to wrestle with ups and down in the industry. The BTC price swings in recent times have also played a part in this adjustment. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, the widespread sentiment for significant recovery is the 2024 Bitcoin halving when miners would get 3.125 BTC in rewards.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin mining sustainability reached a new ATH, thereby reducing gas emissions. Miners&#8217; revenue remains at extremely low levels. One problem Bitcoin [BTC] miners have faced is the complaints about energy draining and untenable greenhouse gas emissions on the environment. But as of press time, the emission intensity reached a new All-Time Low (ATL), according to<a href=\"https:\/\/ambcrypto.com\/bitcoin-btc-emission-intensity-hits-new-all-time-low-heres-why\/\">Continue reading <span class=\"sr-only\">&#8220;Bitcoin [BTC] emission intensity hits new all-time low- Here&#8217;s why&#8221;<\/span><\/a><\/p>\n","protected":false},"author":72,"featured_media":302471,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[35,360,66,3,4,20],"tags":[],"class_list":["post-302469","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin-news","category-btc-trading-view","category-new-news","category-news","category-social","category-trading-view"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Bitcoin [BTC] emission intensity hits new all-time low- Here&#039;s why - AMBCrypto<\/title>\n<meta name=\"description\" content=\"One problem Bitcoin [BTC] miners have faced is the complaints about energy draining and untenable greenhouse gas emissions\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ambcrypto.com\/bitcoin-btc-emission-intensity-hits-new-all-time-low-heres-why\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin [BTC] emission intensity hits new all-time low- Here&#039;s why - AMBCrypto\" \/>\n<meta property=\"og:description\" content=\"Bitcoin mining sustainability reached a new ATH, thereby reducing gas emissions. 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