[ad_1]
The Bitcoin Mining Council just lately launched a brand new survey. The report revealed a 70% improve within the Bitcoin mining hash price in H1 2023. Equally, there was a 1% progress in sustainable energy inside the interval. The voluntary world discussion board for BTC mining tasks launched its findings based mostly on three main metrics: technological effectivity, sustainable energy combine, and electrical energy consumption.
As per the report, the BMN membership hash price has witnessed a progress from 24 EH to 258 EH between Q1 2022 and Q2 2023. Bitcoin Mining Council represents 43.4% of the worldwide Bitcoin Mining Community. Its members have been unfold throughout six continents.
The survey showcases how BMC members are utilizing electrical energy with a 63% sustainable energy combine. On a year-on-year foundation, Bitcoin Community’s technological effectivity has additionally grown by 24%. The metric has shifted from 21.1 EH per GW to 26.1 EH per GW between H1 2022 and H1 2023.
The acquire reaffirms the standing of Bitcoin Community’s progress with rising effectivity. The most recent publication was the eighth quarterly launch by the Bitcoin Mining Council. Ever since its inception again in Could 2021, the council has been supporting the largest Bitcoin mining tasks worldwide.
Bitfarm’s Chief Mining Officer, Ben Gagnon, additionally talked concerning the improvement. In accordance with Gagnon, the Bitcoin community has by no means been safer or stronger since getting into 2023. Even with the macro headwinds in H2 2022, the business is deploying miners with improved vitality effectivity and elevated hash price.
H1 2023 additionally witnessed a large improve in curtailment, the place BMC members reported 2.5 GW price of BTC mining operations. The members launched 815 GWh price of vitality again to native grids throughout want, added Gagnon.
BMC held an official presentation on ninth August to speak concerning the ends in entrance of a large viewers. The occasion was successful, and the council is anticipated to develop in reputation, given its newest ventures.
