Bitcoin mining
According to a digital mining industry report from the Cambridge Center for Alternative Finance, sustainable energy accounts for more than half of the Bitcoin (BTC) mining consumption in the first quarter.
Despite the higher energy consumption, the industry’s dependence on sustainable energy has increased, and the operating indicators showed the long -term restore power through diversification and innovation.
The annual electricity consumption of Bitcoin mining has increased to 138 Terra Watts (TWH), up 17% year -on -year. Greenhouse gas emissions related to mining reached 39.8 million tons of Coter, accounting for 0.08%of global emissions.
Natural gas maintained the largest single energy source at 38.2%, but sustainable energy sources such as hydro and wind were 52.4%of the total electric mix.
North American ruling
The United States continued to dominate the global mining environment and 75.4% of the reported Bitcoin hash ratio originated from this country, while Canada recorded 7.1%.
North America’s position is dominant, but emerging mining activities have been identified in South America and the Middle East.
The mining hardware market has a high concentration level, while Bitmain has a market share of 82% and a top three manufacturers, Bitmain, Microbt and Canaan, and controlled more than 99% of the market.
ASIC efficiency throughout the industry has been improved to 28.2 lines per terahash, up 24% year -on -year.
Electronic waste (electronic waste) is relatively included, and 86.9%of the dismantled mining hardware are expected to be used or recycled. The estimates pointed out the production of actual electronic waste of about 2.3 kilometers during the evaluation period.
Tense miner economy
Electric accounted for more than 80% of the miner’s operating costs, accounting for $ 45 per Mega Wat time and an average of $ 55.50 per Mega Wat time.
Despite the compression of profit margins due to half the influence, the division maintained profitability through efficiency benefits and power management strategies.
Investigators have confirmed their main concern for energy prices volatility and regulatory uncertainty. To alleviate these risks, we used business diversification, geographical expansion and power hedging strategies.
The report cited limited distribution capacity and hardware supply bottlenecks as a major barrier to industry expansion.
The prediction data suggested that the miner maintained a strong prediction. The price of 2024 Bitcoin was $ 80,500 compared to the actual closing price of $ 93,390.
The intermediate network hash ratio was in close contact with the 796 EH/S predictions of 750 exasis (EH/S) per second.
New revenue sources and environment initiatives
Traditional miner revenue models, which rely heavily on block subsidies, are pushing pressure in the evolving market.
As a result, the mining company began to explore sustainable energy initiatives while serving high -performance computing divisions, especially artificial intelligence workloads.
Energy innovation is the core operating center, and mining companies are participating in the gas flared -to -relax project, developing waste recovery solutions, and participating in demand response programs to integrate with power networks more effectively.
About 70.8%of the miners who responded to the survey reported that they are actively participating in climate easing efforts by reflecting the promotion of the industry to reduce the environmental impact.
The Cambridge Report concluded that the Bitcoin Mining Division is developing toward more sustainable and diverse operating models leading by technology, economic and environmental pressure.
