Bitcoin uses more sustainable energy than any other industry; data shows
Although many critics of the cryptocurrency sphere and Bitcoin (BTC), in particular, base their objections on their alleged negative impact on the environment, data suggests that such perceptions are not correct, and Bitcoin might even be more sustainable than electric vehicles (EVs). Specifically, the Bitcoin network uses 52.6% sustainable energy , making it the world’s leading industry user of sustainable power, according to the Analysis by Daniel Batten, co-founder of CH4Capital.com and investor in sustainable technologies, published on November 13. As per his research, mining the Proof-of-Work (PoW) cryptocurrency uses more sustainable energy than the banking sector (39.2%), industrial sector (32%), agricultural sector (19.6%), gold industry (12.8%), as well as iron and steel industry (9.8%). Bitcoin mining sustainability. Source: Daniel Batten Bitcoin industry grows, emissions decline Furthermore, as Batten added, emissions produced by mining Bitcoin have not grown in