The Bitcoin Mining Council (BMC) put together a first-quarter survey that primarily focused on two metrics: energy consumption and sustainable power mix. Results revealed that survey participants are currently using electricity that has a 67% sustainable power mix. These results mean that the overall sustainable energy mix has grown about 56% since Q1, making Bitcoin mining one of the most sustainable industries overall.
Darin Feinstein, the Co-Founder and Co-Executive Chairman of Core Scientific, noted that the survey came at a crucial point, as there’s been recent skepticism about the industry due to mining crackdowns in China. Feinstein noted that the network “experienced zero downtime, no bailouts, has registered no bankruptcies and simply adapted by redeploying its infrastructure into regions that have greater freedoms.”