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Bitcoin mining promotes sustainable development, with over 50% of energy coming from renewable sources The Bitcoin mining industry is not only continuously advancing technologically but has also made significant progress in sustainable development; however, the energy issue is a concern for the public! According to the Cambridge Centre for Alternative Finance's mining report, as of the first quarter, despite a 17% annual increase in electricity consumption for Bitcoin mining, reaching 138 terawatt-hours, more than 50% of its energy consumption comes from renewable sources such as hydropower and wind energy. This data indicates that the Bitcoin mining industry is achieving long-term sustainability through diversification and innovation. The United States currently continues to dominate the global Bitcoin mining industry, with 75.4% of the Bitcoin hash rate coming from the U.S., followed by Canada at 7.1%. Although North America remains dominant, emerging mining activities are also appearing in South America and the Middle East. Moreover, the mining machine market is highly concentrated, with Bitmain holding an 82% share, and the top three manufacturers accounting for over 99% of the market. Although ASIC efficiency has improved to 28.2 joules per terahash, a 24% increase year-on-year, electricity costs remain high, accounting for over 80% of operating expenses, with an average cost of $45 per megawatt-hour and a total average operating cost of $55.50 per megawatt-hour. Despite the halving event putting pressure on mining profit margins, the industry is maintaining profitability by enhancing efficiency and optimizing electricity management strategies. To mitigate risks such as energy price volatility and regulatory uncertainty, mining companies are actively adopting diversified layouts, regional expansions, and electricity hedging measures. At the same time, more and more mining companies are actively entering the high-performance computing field, making energy innovation a core operational focus. Over 70.8% of mining companies are also involved in developing natural gas combustion waste heat recovery solutions for more effective integration with the power grid. This fully reflects the relentless efforts of the entire industry to reduce its environmental impact. Overall, the Bitcoin mining industry is evolving towards a more sustainable and diversified operational model. Although facing some challenges, through technological innovation and environmental protection initiatives, the industry is gradually becoming greener and more efficient. What do you think the future of Bitcoin mining will look like? Will it be diversified based on high-performance computing, or will it continue to rely on traditional models? Leave your comments and discuss in the comments section! #比特币挖矿 #可持续发展 #环保 #技术创新
Bitcoin mining promotes sustainable development, with over 50% of energy coming from renewable sources

The Bitcoin mining industry is not only continuously advancing technologically but has also made significant progress in sustainable development; however, the energy issue is a concern for the public!

According to the Cambridge Centre for Alternative Finance's mining report, as of the first quarter, despite a 17% annual increase in electricity consumption for Bitcoin mining, reaching 138 terawatt-hours, more than 50% of its energy consumption comes from renewable sources such as hydropower and wind energy. This data indicates that the Bitcoin mining industry is achieving long-term sustainability through diversification and innovation.

The United States currently continues to dominate the global Bitcoin mining industry, with 75.4% of the Bitcoin hash rate coming from the U.S., followed by Canada at 7.1%. Although North America remains dominant, emerging mining activities are also appearing in South America and the Middle East.

Moreover, the mining machine market is highly concentrated, with Bitmain holding an 82% share, and the top three manufacturers accounting for over 99% of the market. Although ASIC efficiency has improved to 28.2 joules per terahash, a 24% increase year-on-year, electricity costs remain high, accounting for over 80% of operating expenses, with an average cost of $45 per megawatt-hour and a total average operating cost of $55.50 per megawatt-hour.

Despite the halving event putting pressure on mining profit margins, the industry is maintaining profitability by enhancing efficiency and optimizing electricity management strategies. To mitigate risks such as energy price volatility and regulatory uncertainty, mining companies are actively adopting diversified layouts, regional expansions, and electricity hedging measures.

At the same time, more and more mining companies are actively entering the high-performance computing field, making energy innovation a core operational focus. Over 70.8% of mining companies are also involved in developing natural gas combustion waste heat recovery solutions for more effective integration with the power grid. This fully reflects the relentless efforts of the entire industry to reduce its environmental impact.

Overall, the Bitcoin mining industry is evolving towards a more sustainable and diversified operational model. Although facing some challenges, through technological innovation and environmental protection initiatives, the industry is gradually becoming greener and more efficient.

What do you think the future of Bitcoin mining will look like? Will it be diversified based on high-performance computing, or will it continue to rely on traditional models? Leave your comments and discuss in the comments section!

#比特币挖矿 #可持续发展 #环保 #技术创新
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Bitcoin and Green Finance: Exploring Sustainable Financial Development and the Future of CurrencyClimate activist Margot Paez believes that Bitcoin offers a more sustainable alternative to the exploitation of natural resources than the traditional financial system. She has conducted in-depth research on Bitcoin from an environmental perspective and challenged the mainstream negative perception of Bitcoin's environmental impact. Paz's research suggests that while Bitcoin has been criticized for consuming a lot of energy, it may actually provide a more environmentally friendly solution to the existing financial system. Bitcoin's environmental potential and social value Paz pointed out that there is a disconnect between the current legal financial system and the material resources of the earth, which has exacerbated the problem of global climate change to a certain extent. She believes that our monetary system should be able to reflect the limited nature of resources in order to effectively prevent serious ecological crises. Paz believes that Bitcoin's fixed supply limit and its decentralized nature will help build an economic system that is more harmonious with the ecological environment, which may not only alleviate the worst consequences of climate change, but also promote sustainable development of society.

Bitcoin and Green Finance: Exploring Sustainable Financial Development and the Future of Currency

Climate activist Margot Paez believes that Bitcoin offers a more sustainable alternative to the exploitation of natural resources than the traditional financial system. She has conducted in-depth research on Bitcoin from an environmental perspective and challenged the mainstream negative perception of Bitcoin's environmental impact.
Paz's research suggests that while Bitcoin has been criticized for consuming a lot of energy, it may actually provide a more environmentally friendly solution to the existing financial system.
Bitcoin's environmental potential and social value
Paz pointed out that there is a disconnect between the current legal financial system and the material resources of the earth, which has exacerbated the problem of global climate change to a certain extent. She believes that our monetary system should be able to reflect the limited nature of resources in order to effectively prevent serious ecological crises. Paz believes that Bitcoin's fixed supply limit and its decentralized nature will help build an economic system that is more harmonious with the ecological environment, which may not only alleviate the worst consequences of climate change, but also promote sustainable development of society.
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🌿 Big Tech vs Bitcoin Mining: Environmental Impact Comparison 🚨 Let’s talk about reports on Bitcoin mining’s carbon emissions. 🌍When discussing the environmental impact of Bitcoin mining, many people point out that it consumes a lot of electricity and produces a lot of carbon dioxide. However, the latest reports show that the world’s largest technology companies, including Amazon, Google, Microsoft and Apple, actually have a combined carbon emission that far exceeds Bitcoin mining’s carbon emissions. Take Amazon, for example. The company has already produced 71.54 million tons of carbon dioxide emissions in 2021 alone, while Bitcoin mining has produced 65.4 million tons of carbon emissions in the same period. This means that Amazon alone has produced more carbon emissions than the total carbon emissions of Bitcoin miners worldwide. The article also states that if Google (which claims to have 14.3 million tons of carbon emissions in 2023) and Microsoft (15.3 million tons of carbon emissions in 2023) are added together, the total will exceed 100 million tons per year. This calculation does not include Amazon's growth from 2021 to 2024, nor Apple's 15.6 million tons. So, when those big technology companies, investment banks and bankers talk about the impact of Bitcoin mining on the environment, do you feel a sense of irony? What do you think of this report? Welcome to share your thoughts in the comment section! #科技公司 #环境影响 #比特币挖矿 #碳排放 #可持续发展
🌿 Big Tech vs Bitcoin Mining: Environmental Impact Comparison 🚨

Let’s talk about reports on Bitcoin mining’s carbon emissions. 🌍When discussing the environmental impact of Bitcoin mining, many people point out that it consumes a lot of electricity and produces a lot of carbon dioxide. However, the latest reports show that the world’s largest technology companies, including Amazon, Google, Microsoft and Apple, actually have a combined carbon emission that far exceeds Bitcoin mining’s carbon emissions.

Take Amazon, for example. The company has already produced 71.54 million tons of carbon dioxide emissions in 2021 alone, while Bitcoin mining has produced 65.4 million tons of carbon emissions in the same period. This means that Amazon alone has produced more carbon emissions than the total carbon emissions of Bitcoin miners worldwide.

The article also states that if Google (which claims to have 14.3 million tons of carbon emissions in 2023) and Microsoft (15.3 million tons of carbon emissions in 2023) are added together, the total will exceed 100 million tons per year. This calculation does not include Amazon's growth from 2021 to 2024, nor Apple's 15.6 million tons.

So, when those big technology companies, investment banks and bankers talk about the impact of Bitcoin mining on the environment, do you feel a sense of irony?

What do you think of this report? Welcome to share your thoughts in the comment section!

#科技公司 #环境影响 #比特币挖矿 #碳排放 #可持续发展
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