$BTC #mining

Bitcoin miners consume approximately 138 TWh of electricity each year, which accounts for less than 1% of total global energy consumption. This is according to a report by the Cambridge Centre for Alternative Finance (CCAF) at Judge Business School.

The document indicates that about 52.4% of the energy used by mining companies comes from sustainable sources, namely:

Hydropower — 23.4%;

Wind — 15.4%;

Nuclear energy — 9.8%;

Solar energy — 3.2%;

Other renewable sources — 0.5%.

Additionally, 47.6% of the energy comes from fossil fuels, with natural gas accounting for 38.2%.

The report also states that the USA dominates the bitcoin mining sector, providing 75.4% of the hash rate. There is also a presence in Canada — 7.1%, South America, the Middle East, and Northern Europe.