The Bitcoin Mining Council (BMC), a voluntary global forum of Bitcoin mining firms and other companies in the Bitcoin sector, revealed the results of its first quarterly survey in a press statement issued on 1st July 2021.
The BMC, which focused on two key metrics: electricity usage and sustainable power mix, stated in its first-ever voluntary survey that it was able to collect sustainable energy data from over 32% of the current global Bitcoin network. The findings of this study reveal that members of the BMC and survey participants are currently using power at a rate of 67%.
According to this survey, the worldwide mining industry’s sustainable power mix increased to over 56 percent in Q2 2021, making it one of the world’s most sustainable businesses.
The council was founded in May with the assistance of the crypto mining industry’s US companies, including Microstrategy CEO Michael Saylor and Tesla CEO Elon Musk.
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https://news.todayq.com/news/bitcoin-mining-council-says-sustainable-energy-mix-is-looking-more-greener/This is just a survey isn't it? It still has no data and statistics to back up the survey they have conducted. Given that situation, I think the survey they have released can be biased since a limited population was asked and no scientific basis was provided to support their claims. It sounds so good actually. To have sustainable, efficient, and power-saving metrics in bitcoin mining. However, the survey was enclosed to the members of the BMC and the participants (they have chosen) alone.
We still have a long way to go to actually have a sustainable energy and power-saving on electricity usage. A lot of studies still need to be done so that we will know what would work best. That way, the cost of bitcoin mining would decrease and the planet will also benefit from it. It's going to be a win-win situation, but surely the process of achieving such won't be as easy as we perceive it to be.