According to information provided by Local weather Tech Vice President Daniel Batten, miners who use renewable energy sources accounted for 91.3% of BTC mining over the first two months of the year.
Batten noted that Marathon Digital switched approximately 300 Megawatts from thermal to wind energy in January, which significantly boosted the measure above. Moreover, Batten noted that despite the rising hash price, which resulted in increased energy use, community emissions had also been falling.
Decreasing local emissions
According to Batten, China, and Kazakhstan’s efforts, along with Marathon Digital’s relocation, it has made a significant contribution to the drop in community emissions that was seen.
According to information provided by Local weather Tech Vice President Daniel Batten, miners who use renewable energy sources accounted for 91.3% of Bitcoin (BTC) mining over the first two months of the year.
Batten noted that Marathon Digital switched approximately 300 Megawatts from thermal to wind energy in January, which significantly boosted the measure as mentioned earlier. Moreover, Batten noted that despite the rising hash price, which resulted in increased energy use, community emissions had also been falling.
Kazakhstan
Kazakhstan became known as the mining capital due to its favorable mining conditions and abundant coal reserves, and by late 2021, it was responsible for 18% of the global hash price. The area’s coal-dependent mining had a significant role in the BTC neighborhood’s overall gasoline emissions.
Yet, once a major energy crisis struck Kazakhstan at the end of 2021, the country turned its back on its miners. The country cut off energy supplies to miners, tightened regulations on their energy consumption, and introduced a differential tax rate based on the amount of energy consumed by miners to stop high-energy-consumption mining operations.
As a result, fuel-based mining activities in Kazakhstan were reduced by 11.6%, increasing the whole community’s sustainable energy use by 2.9%.
