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Bitcoin Mining Emissions Hit New Low Amid Market Recovery

source-logo  coingabbar.com 29 May 2023 12:28, UTC

Bitcoin mining emissions intensity has reached a new low, falling below 300g/KWh for the first time. Sustainable energy sources and improved mining hardware contribute to this decline. Nordic countries offer negative energy prices, attracting Bitcoin miners. However, the high hash rate and network difficulty pose challenges for profitability. The hash price has decreased by 44% due to declining BTC prices and rising energy costs. Bitcoin prices recently rose by 3.1%, surpassing $28,000, driven by a U.S. government deal on the debt ceiling. The agreement suspends the debt limit, allowing the national debt to increase.

coingabbar.com