In a recent report, the Bitcoin Mining Council (BMC) unveiled the results of its first half of 2023 survey, highlighting the industry’s strides in electricity consumption, technological efficiency, and sustainable power. Furthermore, the survey details that the BMC accounts for 43.4% of the global mining network.
Insights From the Bitcoin Mining Council’s Latest Survey
The Bitcoin Mining Council, a collaborative global forum of bitcoin (BTC) mining companies and associated businesses, announced the findings of its recent survey on August 9, 2023. Focused on electricity consumption, technological efficiency, and sustainable power mix, the survey reveals that BMC’s membership hashrate has increased from 24 exahash per second (EH/s) in Q1 2022 to 158 EH/s in Q2 2023.
The survey’s results highlight a significant shift toward sustainable energy within the bitcoin mining industry. Members of the BMC are utilizing electricity with a 63.1% sustainable power mix, reflecting a positive t
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