Is sustainable mining still a thing?

ABCbits

legendary

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Crypto Swap Exchange

Quote from: NotFuzzyWarm on March 13, 2023, 10:47:02 AM

It became less 'news worthy' because much of BTC mining IS already using sustainable power sources, eg hydro, wind, solar, and nuclear. Many estimates put the use of renewable power at over 80%

Do you mind sharing source which estimate over 80%? I checked Q4 2022 data from Bitcoin Mining Council[1] which says Bitcoin mining has "58.9% sustainable energy mix".

[1] https://bitcoinminingcouncil.com/wp-content/uploads/2023/01/BMC-Q4-2022-Presentation.pdf

Zionodes

newbie

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In recent years, there has been a noticeable increase in interest in Sustainable Crypto Mining (also known as Green Mining). Many mining farms around the globe are exploring green options to reduce their carbon footprint and promote cleaner, more sustainable cryptocurrencies. If you're interested in learning more about green mining and discovering examples of countries that have already adopted this practice, we encourage you to check out the following article: https://zionodes.com/blog/green-mining-a-global-overview.

@sriyan

member

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Quote from: patelleverage on March 13, 2023, 10:24:03 AM

I remember coming across multiple articles and news reports on various farms around the world adopting a more 'sustainable approach' to bitcoin mining back in 2021/22. Lately, the news coverage seems to have reduced and there is barely any coverage on the topic. Is sustainable mining still rising? If so, which regions practice this way of mining?

FYI: I feel like it is a great approach and more farms and more farms should use sustainable resources to power farms, which could lead to a larger (and more environmentally responsible) population being interested in bitcoin and mining.

I am using solar energy for bitcoin mining. I still have some issues with controlling the maximum temperature in the room. To handle that, I have to take a separate power connection other than solar power. When it comes to your question, my answer is sustainable approaches(Hydro Power, Wind Power) are already there.

NotFuzzyWarm

legendary

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Merit: 2506

Evil beware: We have waffles!

It became less 'news worthy' because much of BTC mining IS already using sustainable power sources, eg hydro, wind, solar, and nuclear. Many estimates put the use of renewable power at over 80%

patelleverage

newbie

Activity: 1

Merit: 0

I remember coming across multiple articles and news reports on various farms around the world adopting a more 'sustainable approach' to bitcoin mining back in 2021/22. Lately, the news coverage seems to have reduced and there is barely any coverage on the topic. Is sustainable mining still rising? If so, which regions practice this way of mining?

FYI: I feel like it is a great approach and more farms and more farms should use sustainable resources to power farms, which could lead to a larger (and more environmentally responsible) population being interested in bitcoin and mining.

Topic: Is sustainable mining still a thing? (Read 72 times)