Bitcoin Mining Moves Towards Cleaner Energy Sources: Report Highlights Declining Coal Use

Recent data suggests a significant shift in Bitcoin mining energy sources. The report released by the MiCA Crypto Alliance reveals a sharp decrease in coal use for Bitcoin mining since 2011, with the share of coal energy dropping from 63% to just 20%. This trend is attributed to a growing reliance on renewable energy sources, which have grown at an average rate of 5.8% per year. The data paints a picture of increased sustainability and decarbonization in Bitcoin mining.