• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Tuesday, July 15, 2025
  • Login
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Crypto Bitcoin

Bitcoin’s electricity usage drops by 25% in Q1 2022

by Reshab Agarwal
April 28, 2022
in Bitcoin, Crypto, Mining, News
Reading Time: 2 mins read
0
Bitcoin mining puts China’s promise of a carbon neutral nation in jeopardy
TwitterWhatsappLinkedin

Bitcoin’s electricity usage for mining has always been a matter of concern. Therefore, to keep track of the progress of BTC mining, a council was formed back in April 2021. The goal of the Bitcoin mining council was to track the improvements in the usage of renewable energy for mining and reduce its carbon footprint. Now, the council has reported that Bitcoin’s electricity usage has dropped by 25% in Q1 2022 compared to last year.

You might also like

Nvidia CEO Jensen Huang Expects H20 AI Chip Sales to Resume in China After U.S. Approval

EU Threatens $84 Billion Tariffs on US Exports as Trade Deadline Approaches

ChrysCapital Scoops Up Theobroma in ₹2,410 Cr Deal: A Sweet Play in India’s QSR Scene

Bitcoin’s electricity usage drops by 25%

The shift towards the usage of renewable energy continues for BTC mining. For miners, one of the primary expenses is electricity cost, and renewable energy is cheaper for them. So, shifting to the same is actually a net positive for them, the environment, and the industry. To better understand this progress, the Bitcoin mining council has conducted a survey that tracks 3 critical metrics. They are:

  1.  Electricity consumption
  2.  Technological efficiency
  3.  Sustainable power mix

The survey had nearly 50% of the entire network as participants which can give us a dependable idea of these metrics. Data shows that the sustainable power mix of BTC is 58.4% which is a 59% YOY increase. This makes Bitcoin one of the most sustainable industries on a global level.

Bitcoin's electricity usage drops by 25%
Image Source: IT PRO

Coming to technological efficiency, it has increased by 63% on a year-to-year basis as Bitcoin’s hash rate has increased by 23% and energy usage dropped by 25%. This has been due to the rapid development in mining tech and the huge competition that has pushed companies to make better rigs. Moving out from China has also been a net positive as the industry was dependent on the cheap coal power in the country.

The authorities need to look at real facts

No one will tell you that Bitcoin uses so little energy that if it shuts down tomorrow, there will be no real impact on the carbon footprint. Even after that, the industry is transitioning to renewable energy at a fast pace. With time, the network will only get more efficient. So, authorities need to look at real data before asking the Bitcoin community to adopt the proof of stake mechanism.


As Bitcoin’s electricity usage drops by 25%, do you think Tesla should reconsider accepting it? And it is likely that the authorities will look at actual facts before proposing a PoW ban? Let us know in the comments below. Also, if you found our content informative, do like and share it with your friends.

Also Read: Cuba’s central bank will provide licenses to crypto service providers.

Tags: #electricity_usagebitcoinMining
Tweet54SendShare15
Previous Post

Flexa Expands Payments Suite for Multiple Cryptocurrencies and Wallets

Next Post

The Central African Republic has made bitcoin legal tender

Reshab Agarwal

Reshab is a tech-enthusiast who likes to write about all things crypto. He is a Bitcoin bull and believes in a decentralized future of finance. Follow him on Twitter for more!

Recommended For You

Nvidia CEO Jensen Huang Expects H20 AI Chip Sales to Resume in China After U.S. Approval

by Rounak Majumdar
July 15, 2025
0
Nvidia CEO Jensen Huang Expects H20 AI Chip Sales to Resume in China After U.S. Approval

Nvidia’s CEO Jensen Huang announced a major development that could trigger a significant rally in the company’s shares. The U.S. government has assured Nvidia that licenses for exporting...

Read more

EU Threatens $84 Billion Tariffs on US Exports as Trade Deadline Approaches

by Rounak Majumdar
July 15, 2025
0
EU Threatens $84 Billion Tariffs on US Exports as Trade Deadline Approaches

As the clock ticks towards a critical trade agreement deadline, tensions have sharply escalated between the United States and the European Union. The EU has delivered a firm...

Read more

ChrysCapital Scoops Up Theobroma in ₹2,410 Cr Deal: A Sweet Play in India’s QSR Scene

by Ishaan Negi
July 15, 2025
0
ChrysCapital Scoops Up Theobroma in ₹2,410 Cr Deal: A Sweet Play in India’s QSR Scene

In a high-stakes bake-off in the Indian food services space, homegrown private equity firm ChrysCapital is all set to acquire a controlling stake in Theobroma, the premium bakery...

Read more
Next Post
The Central African Republic has made bitcoin legal tender

The Central African Republic has made bitcoin legal tender

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple Artificial Intelligence bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?