Tag: Bitcoin
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How Will the Bitcoin Halving Effect Renewable Energy Credits?
The Bitcoin halving is an event that occurs approximately every four years, reducing the reward miners receive for verifying transactions on the Bitcoin network by half. After the next bitcoin halving, the blockchain network reward will fall from 900 to 450 bitcoin per day. The reduction in rewards will increase competition for efficient hashing power […]
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How Green Is Bitcoin Mining?
According to a recent report by the Bitcoin Mining Council, the Bitcoin mining industry has achieved a sustainable electricity mix of 58.4%, making it one of the most sustainable industries in the world as of the first quarter of 2022. The report also revealed that sustainable energy usage has increased by 59% compared to the […]