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Bitcoin power consumption decreased

CRYPTOnite

2022-04-28 (05:33:32)

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We got some good news!

Do you still remember the time wherein Tesla stopped accepting BTC because of electricity/energy concern? How about the time when a lot of country started to ban BTC mining because of the same concerns too? I have read some reports that says that the Electricity Consumption being used to mine bitcoin has Decreased by 25% in Q1 2022. This is a good news for 1 our environment and 2 for the overall energy reserve of the world.

Also last year if you are not yet familiar or you haven't heard of it Elon Musk convinced bitcoin industry leaders to form a Bitcoin Mining Council (BMC) and in mid-July. Wherein they discussed on how to improve the bitcoin mining industry's sustainable energy use.

Their council was the one who released the data about the decrease on electricity consumption being used to mine bitcoin.

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