Nuclear and gas fastest growing energy sources for Bitcoin mining: Data

Fresh data from Cambridge Centre for Alternative Finance affirms Bitcoin mining main power sources derive from nuclear energy and natural gas.

) has drastically changed over the past few years, with nuclear energy and natural gas becoming the fastest growing energy sources powering Bitcoin mining, according to new data.

The new study suggests that coal alone accounted for nearly 37% of Bitcoin’s total electricity consumption as of early 2022, becoming the largest single energy source for BTC mining. Among sustainable energy sources, hydropower was found to be the largest resource, with a share of roughly 15%. The analysts also emphasized that the BTC electricity mix varies hugely, depending on the region. Countries like Kazakhstan still rely heavily on fossil fuels, while in countries like Sweden, the share of sustainable energy sources in electricity generation is about 98%.

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