Bitcoin's Use of Green Electricity Now Exceeds 50%
18 June 2021 07:20, UTC
The CEO of the mining pool BTC.TOP tweeted that the use of green electricity by bitcoin miners already exceeds 50 percent.
Mining facilities located in Xinjiang, Qinghai and Inner Mongolia have been shut down due to government crackdown on the industry. According to the well-known mining company, only hydropower farms located in Sichuan province have not suffered so far.
Tesla CEO Elon MUSK recently tweeted that the leading e-vehicle company will resume accepting Bitcoin payments if Bitcoin miners' use of green electricity hits the 50% threshold. It is not yet clear which data source Tesla will use to test Bitcoin's sustainability.
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