{"id":280190,"date":"2022-12-08T11:15:05","date_gmt":"2022-12-08T11:15:05","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=280190"},"modified":"2022-12-08T10:48:26","modified_gmt":"2022-12-08T10:48:26","slug":"new-evidence-52-2-of-bitcoin-network-uses-clean-energy","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/new-evidence-52-2-of-bitcoin-network-uses-clean-energy\/","title":{"rendered":"New evidence 52.2% of Bitcoin Network uses clean energy"},"content":{"rendered":"<p>ClimateTech Vice Chair <a href=\"https:\/\/twitter.com\/DSBatten\">Daniel Batten'<\/a>s recent <a href=\"https:\/\/twitter.com\/dsbatten\/status\/1600643653466492929?s=46&t=cNgiG2dpanR904qijvSmtw\">analysis<\/a> revealed that 29 mining companies constitute 16.48% of the whole Bitcoin (BTC) network and run on 90-100% clean energy. This percentage also shows that 52.2% of all BTC network use clean energy.<\/p>\n<h2>Mining companies<\/h2>\n<p>Batten said he ran his analysis miner by miner. He accounted for multiple public disclosures of hash rate and used a combination of machine types, MegaWatts of energy, and total BTC mined to compose the table below.<\/p>\n<figure id=\"attachment_280191\" aria-describedby=\"caption-attachment-280191\" style=\"width: 483px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-280191\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/mining-companies.png\" alt=\"mining companies\" width=\"483\" height=\"573\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/mining-companies.png 391w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/mining-companies-253x300.png 253w\" sizes=\"(max-width: 483px) 100vw, 483px\" \/><figcaption id=\"caption-attachment-280191\" class=\"wp-caption-text\">mining companies<\/figcaption><\/figure>\n<p>Batten's chart includes the hash rate and emission details of the 29 largest mining companies. It also revealed that 12 of them use negative emission sources, which means they actually reduce the Carbon amount in the atmosphere when mining. These 12 companies' hash rate equates to around 2% of the whole network.<\/p>\n<h2>The green movement<\/h2>\n<p>The usage of renewable energy in BTC was lingering around over 40% in 2020, but this percentage <a href=\"https:\/\/cryptoslate.com\/usage-of-non-renewable-energy-in-bitcoin-mining-increased-by-13-in-2021\/\">decreased<\/a> to 28.48% in 2021. However, since then, the mining community has been working to push this percentage up again.<\/p>\n<p>The usage of clean energy has been on the rise since the beginning of 2022. The eyes especially turned to this subject after Elon Musk <a href=\"https:\/\/cryptoslate.com\/bitcoin-mining-council-thinks-tesla-may-accept-btc-again-for-this-reason\/\">claimed<\/a> that Tesla would accept payments in BTC if more than 50% of the network turned to clean energy sources in May 2022.<\/p>\n<p>Bitcoin Mining Council also released a report in May 2022, which <a href=\"https:\/\/cryptoslate.com\/bitcoin-mining-council-thinks-tesla-may-accept-btc-again-for-this-reason\/\">claimed<\/a> that 58.4% of BTC mining used clean energy already. When this estimation was compared to the energy consumption needed to mine gold, BTC's energy consumption and carbon output proved to be<a href=\"https:\/\/cryptoslate.com\/bitcoin-mining-what-are-the-true-climate-change-risks\/\"> significantly less<\/a> than gold's.<\/p>\n<p>Moreover, another study from October 2022 showed that BTC mining could help <a href=\"https:\/\/cryptoslate.com\/research-heres-how-bitcoin-mining-can-help-slow-climate-change\/\">slow down climate change<\/a> in the near future. Estimating the growth of carbon-negative energy sources in the BTC network, the numbers suggest that BTC could achieve full carbon neutrality as soon as 2024.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ClimateTech Vice Chair Daniel Batten&#8217;s recent analysis revealed that 29 mining companies constitute 16.48% of the whole Bitcoin (BTC) network and run on 90-100% clean energy. This percentage also shows that 52.2% of all BTC network use clean energy. Mining companies Batten said he ran his analysis miner by miner. He accounted for multiple public [&hellip;]<\/p>\n","protected":false},"author":1262,"featured_media":280266,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2376],"tags":[],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>New evidence 52.2% of Bitcoin Network uses clean energy<\/title>\n<meta name=\"description\" content=\"29 mining companies run almost fully on clean energy, and they constitute 16.48% of the Bitcoin Network.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/new-evidence-52-2-of-bitcoin-network-uses-clean-energy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New evidence 52.2% of Bitcoin Network uses clean energy\" \/>\n<meta property=\"og:description\" content=\"29 mining companies run almost fully on clean energy, and they constitute 16.48% of the Bitcoin Network.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/new-evidence-52-2-of-bitcoin-network-uses-clean-energy\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-08T11:15:05+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-08T10:48:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/12\/bitcoin-clean-energy.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Zeynep Geylan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Zeynep Geylan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/new-evidence-52-2-of-bitcoin-network-uses-clean-energy\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/new-evidence-52-2-of-bitcoin-network-uses-clean-energy\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/zeynep-geylan\/#person\",\"name\":\"Zeynep Geylan\",\"url\":\"https:\/\/cryptoslate.com\/author\/zeynep-geylan\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/zeynep-geylan\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/zeynep-geylan\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/03\/zeynep-geylan-author-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2022\/03\/zeynep-geylan-author-300x300.jpg\",\"caption\":\"Zeynep Geylan\"},\"jobTitle\":\"Journalist\",\"description\":\"Zeynep is an academic who turned to crypto in 2018. 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