The BMC report's findings show Bitcoin’s electricity usage dropped by 25% in Q1 2022 compared to the year prior.
conducted by the BMC, showcases three metrics which include: “electricity consumption, technological efficiency, and sustainable power mix.” BMC researchers managed to survey roughly 50% of the network’s hashpower, which represented 100.9 exahash per second on March 31, 2022.
Core Scientific Co-Founder: ‘The World Needs to Get the Real Facts About the Amount of Energy Used and Carbon Released by the Bitcoin Network’ In addition to Saylor’s commentary, the report quoted the co-founder of Core Scientific, Darin Feinstein. The Core Scientific executive explained how the BMC membership has grown over the last 12 months. “The BMC membership hashrate increased from 29 EH at its inception, to 101 EH in Q1 2022,” Feinstein said. “In only one year’s time, the BMC now represents 50% of the global Bitcoin Mining Network with members spread across 5 continents.
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Bitcoin network electricity usage drops 25% in Q1 2022, easing energy consumption fearsAs concerns over the ecological impact of Proof of Work (PoW) cryptocurrencies like Bitcoin (BTC) mount, the latest data shows... Continue reading
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