> The CCAF’s research finds that 76% of ‘hashers’ use renewable energy to power their activities, with hydropower the number one source at 62%. Wind and solar energy meanwhile are used by 17% and 15% respectively. This would appear to be consistent with previous research which estimates that 74% of bitcoins are mined using renewable energy. However, the CCAF’s report specifies that the 76% refers to the share of hashers who use renewable energy at any point. It estimates that only 39% of hashing’s total energy consumption comes from renewables. [1]
> Bitcoin, which is mostly mined with electricity from coal.[2]
> But most bitcoin mining facilities are located in China, which is still heavily reliant on coal-based power. Though the Chinese province of Sichuan is known to attract miners due to its cheap electricity and rich hydropower resources, the level of power generation capacity fluctuates depending on the season. [3]
[1] https://www.finextra.com/newsarticle/36672/renewable-energy-...
[2] https://www.bbc.com/news/technology-56012952#piano-inline3:~....
[3] https://www.cnbc.com/2021/02/05/bitcoin-btc-surge-renews-wor....