- Visual Capitalist report identifies the top Bitcoin mining countries shifting towards greener energy.
- The U.S., China, and Kazakhstan reported renewable energy shares of 22.5%, 30.2%, and 11.3%, respectively.
- Iceland, Paraguay, and Norway lead the way in renewable energy, though they host over one percent of the global Bitcoin mining network.
Recently, X user known as Seth, a pro-Bitcoin portfolio manager, called attention to the growing eco-friendly mining landscape of Bitcoin, with more miners shifting towards renewable energy sources for Bitcoin.
Seth cited a report by Visual Capitalist that studies the countries with the most environmentally sustainable ecosystems for Bitcoin mining, including China and the United States.
This is how green #Bitcoin mining is ATM per country.#1 USA
#2 China
Most Bitcoin mining are now powered by Renewable energy!
Image from Visual Capitalist.$BTC #bitcoinmining pic.twitter.com/hmvawNoHao
— Seth (@seth_fin) January 22, 2024
Visual Capitalist noted that Bitcoin miners’ decisions on where to establish their presence are influenced by factors such as the regulatory environment, electricity costs, and the average outdoor t…
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