HOT NEWS: Bitcoin Set to Go Green – 70% Mining Powered by Clean Energy by 2030!
In a groundbreaking shift that could redefine crypto's environmental impact, a new industry report reveals that Bitcoin mining is on track to run on 70% renewable energy by 2030. The study, released by the MiCA Crypto Alliance and analytics firm Nodiens, signals a dramatic turnaround from the crypto world's fossil-fueled past.
Back in 2011, coal and gas powered 63% of all Bitcoin mining. Fast forward to 2024, and that number has plummeted to just 20%, with renewables already fueling 41% of mining operations. Wind and solar alone now contribute 10.86% and 6.07% respectively.
Driving this green revolution are both economic incentives and government pressure. Cheaper, cleaner energy not only slashes costs for miners, but aligns with global decarbonization goals. Countries like Ethiopia are leading the way, generating $1 billion in 2024 by using surplus hydropower for mining.
If this trend continues, experts believe Bitcoin could become a key player in the clean energy transition, proving that crypto and climate action can coexist.