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

[yhiaali3]

Of course, it is good to see this gradual shift towards clean energy for Bitcoin mining, but in my opinion, crows will not stop crowing even if the shift towards 100% clean energy, I mean, governments will not stop accusing Bitcoin that it consumes energy resources and causes economic damage to the environment, Especially with the increased demand by governments for clean energy due to the fuel crisis as a result of the Russian-Ukrainian war.

[1714632860]

1714632860

[1714632860]

1714632860

[1714632860]

1714632860

[buwaytress]

Actually surprised to see hydro only 15%, was pretty sure I'd read before several times it's actually the majority of energy source for miners (simply because of locations in Central Asia).

Suppose those could have been before the China exodus, but I thought they'd simply moved to other, cheaper places anyway where hydro made that possible... but I am reading now that I could have been mistaken that majority of Central Asia energy came from hydro.

As many also moved to the US, am waiting to see what comes out of this research.

[stompix]

Suppose those could have been before the China exodus, but I thought they'd simply moved to other, cheaper places anyway where hydro made that possible... but I am reading now that I could have been mistaken that majority of Central Asia energy came from hydro.

It's not the majority but even though it is indeed high there is another drawback, although it's large in percentage it lacks in total capacity.
So you have Tajikistan producing its electricity from hydro, but that only amounts to 16TWh, UZ has 14TWh, TM has 4 TWh, KG 11, and KZ 8 TWh, this leaves little to spare for miners, and no real expansion has happened, not one that would match the growth in population anyway.
For comparison, just the state of Washinton has 89.5 TWh production annually, or if we count all electricity from all sources, Texas has more than central Asia combined, twice! Even if we assume all the network would be powered by the most efficient machines, all that energy won't be able to feed even half of it

[justdimin]

Actually surprised to see hydro only 15%, was pretty sure I'd read before several times it's actually the majority of energy source for miners (simply because of locations in Central Asia).

Suppose those could have been before the China exodus, but I thought they'd simply moved to other, cheaper places anyway where hydro made that possible... but I am reading now that I could have been mistaken that majority of Central Asia energy came from hydro.

As many also moved to the US, am waiting to see what comes out of this research.

That’s a shocker to me as well but considering what the general way is right now, that’s still not that bad. Hydro is a big renewable energy that people do not talk about, we are talking about something that is amazing but people are not realizing that hydro would be a great way to get out of the current situation and not every running water is getting that and we could build so much more dams and in fact there are some that is not efficient and could be improved and could be doing a lot better in the long run and get a lot more energy. This is why we should be focusing a lot more on hydro since it's already there and accepted by the whole world that it's good.

[Pumared]

(...)

That’s a shocker to me as well but considering what the general way is right now, that’s still not that bad. Hydro is a big renewable energy that people do not talk about, we are talking about something that is amazing but people are not realizing that hydro would be a great way to get out of the current situation and not every running water is getting that and we could build so much more dams and in fact there are some that is not efficient and could be improved and could be doing a lot better in the long run and get a lot more energy. This is why we should be focusing a lot more on hydro since it's already there and accepted by the whole world that it's good.

I disagree, really hydroelectric plants are good. But they need a lot of space, because there is all the calculation of the amount of water, height, speed.

Also, large areas can be devastated so that it is fenced off just to put water on.

In my view, solar energy is the most practical and causes fewer problems. It is enough to have sun and an equally large space, but nothing will be devastated, only temporarily modified since the panels can be removed.

[worle1bm]

This could be the same. Only under developed countries that don't have access to energy or have super expensive ones use coal to produce electricity. India, China, US and Japan are the biggest ones. China's hashrate is very small, India was never a big player in mining scene and US miners are mostly using cheap electricity that doesn't come from burning coal (I don't think Japan has high hashrates either).
The rest of the world use gas and other fossil fuels and renewable energies to produce electricity.

Yeah mostly these countries are the one having coal as major source of electricity and it's prices are also rising substantially causing some electricity shortages as well because the production is not at full capacity due to it.But saying of Japan then they don't have any active coal mines and import the coal so can't say they depend on coal for electricity and have other sources for energy consumption and miners use that.

[_act_]

Mining is gonna get unbearable if something isn't done about the contrary changes.
If Coal for just an annual mining has sniped itself that high, then they'll have to be some rejuvenations towards the mempools itself.

I have learnt that it's not even that profitable these days; even when they're running with GPU. The worst part of the story is that it's now becoming unnecessarily disastrous. I just hope something is done about the whole thing cus the world might take the chance to complain and/ refuse it resentments due to the recent pollutions.

Miners are using more clean energy than before is what this thread is all about, it is not about misconception that we are trying to let people know, but you are posting just supporting the misconception. Did you read the OP at all?

Bitcoin miners are most using ASIC to mine bitcoin, the days of GPU has been around 2020.

Bitcoin mining is still profitable, that is why the mining hashrates has been increasing. Check the hashrate chart of when bitcoin has been created to this present day in the diagram below:

https://www.blockchain.com/charts/hash-rate


The increasing hashrates means miners are getting profit from mining, if no profit is there, some miners will not mine again which will reduce the hashrates.

[Kakmakr]

I am also curios to see how they get that data..... because a lot of the smaller mining operations (individuals) come from areas that are serviced by Wind and Solar power plants. So are they only looking at the location of the large mining farms and what electricity they are using... or are they looking at the inputs from the smaller miners too?

It is strange that we (Bitcoin community) have to justify and explain our "Energy" use... but large corporations are flying under the radar. (Example : How many Fiat ATM's are using "clean" energy? ..... How many card readers in shops are using renewable resources? .....etc.. )

[Ayers]

It is strange that we (Bitcoin community) have to justify and explain our "Energy" use... but large corporations are flying under the radar. (Example : How many Fiat ATM's are using "clean" energy? ..... How many card readers in shops are using renewable resources? .....etc.. )

even if bitcoin mining is moved to renewable energy i think those bitcoin haters will still find another reason to keep attacking bitcoin this will definitely never stop until bitcoin is no longer active. but unfortunately bitcoin will never stop working so we don't need to argue with them too much on this issue

like you, i never bothered about bitcoin mining energy, can we see heavy industry, all the tech stuff these days, how many things use green energy? why bitcoin and always bitcoin, while bitcoin is also bringing value to millions of people around the world