Close Menu
    Trending
    • XRP Price Flashes 2017 Pattern, $10 in Sight for Ripple?
    • Caldera Launches ERA Token with Community Airdrop
    • Bitcoin Tops $111K, on Brink of Breaking Record High; Ether’s 6% Jump Leads Major Cryptos
    • Dogecoin (DOGE) Rockets to $0.20 — Can It Go Even Higher?
    • Bitcoin Hits New All Time High Of $113,900 As Adoption Accelerates
    • Ethereum’s $62.1B Futures Volume Tops Bitcoin’s $61.7B
    • What implications does Ant Group’s USDC integration have?
    • Trader Predicts Mid-Cap Altcoin Could Explode 200%+ by August, Maps Path Forward for Dogecoin and Solana
    Simon Crypto
    • Home
    • Crypto Market Trends
    • Bitcoin News
    • Crypto Mining
    • Cryptocurrency
    • Blockchain
    • More
      • Altcoins
      • Ethereum
    Simon Crypto
    Home»Cryptocurrency»US Dominates BTC Mining With 75.4% Share as Clean Energy Use Hits 52.4%: Report
    Cryptocurrency

    US Dominates BTC Mining With 75.4% Share as Clean Energy Use Hits 52.4%: Report

    Team_SimonCryptoBy Team_SimonCryptoApril 29, 2025No Comments3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email

    In accordance with new analysis from the Cambridge Centre for Various Finance (CCAF), North America now accounts for 82.5% of the worldwide Bitcoin mining energy.

    The report attracts from survey responses from 49 mining firms working throughout 23 nations, accounting for practically half of the Bitcoin community’s hashrate.

    Sustainability Practices

    The study highlighted an increase in sustainable vitality use, with 52.4% of miners now counting on renewables at 42.6% and nuclear at 9.8%, up from 37.6% in 2022. Pure fuel additionally turned the highest single vitality supply at 38.2%, overtaking coal, which dropped to eight.9% from 36.6%.

    Then again, the community’s annual electrical energy consumption rose by 17% to 138 TWh, roughly 0.54% of worldwide electrical energy utilization. This improve got here regardless of a 24% enchancment in mining gear effectivity, which reached an estimated 28.2 joules per terahash (J/TH) by mid-2024.

    Electrical energy stays the dominant operational expense for miners, accounting for over 80% of cash-based prices, with median charges reported at $45 per MWh.

    The trade’s greenhouse fuel emissions are estimated at 39.8 million metric tons of CO₂ annually, about 0.08% of worldwide emissions. The examine says this quantity may drop to 32.9 million tons in circumstances the place flared fuel is used. 70.8% of miners additionally reported utilizing local weather mitigation measures, reminiscent of waste-heat restoration and demand-side response (DSR), with 888 GWh of decreased load reported in 2023.

    In the meantime, the mining {hardware} market is dominated by just a few firms, with Bitmain, the main ASIC producer, holding 82% of the market, whereas the firmware market is extra various.  Additional, round 86.9% of decommissioned gear is repurposed or recycled, with mining-related e-waste estimated at 2.3 kilotonnes for 2024.

    Market Dominance and Challenges

    The examine additionally reveals that extra Bitcoin mining is now based mostly in North America, with the USA accounting for 75.4%, and Canada following with 7.1%. Nonetheless, it famous that exercise can also be rising in rising markets like South America and the Center East.

    Economically, the U.S. mining sector has turn into a serious contributor. A separate report by The Perryman Group found that the trade generates over 31,000 jobs and provides greater than $4.1 billion in gross product yearly. Texas leads with $1.7 billion and 12,200 jobs, adopted by Georgia ($316.8 million, 2,300 jobs) and New York ($225.9 million, 1,600 jobs).

    Regardless of the momentum, CCAF’s evaluation reveals that the mining trade continues to be dealing with some challenges, together with regulatory uncertainty, risky vitality costs, and unpredictable Bitcoin market situations. Because of this, extra gamers are turning to diversification methods in areas reminiscent of AI computing and vitality innovation to maintain profitability.

    SPECIAL OFFER (Sponsored)

    Binance Free $600 (CryptoPotato Unique): Use this link to register a brand new account and obtain $600 unique welcome provide on Binance (full details).

    LIMITED OFFER for CryptoPotato readers at Bybit: Use this link to register and open a $500 FREE place on any coin!



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    XRP Price Flashes 2017 Pattern, $10 in Sight for Ripple?

    July 11, 2025

    Ethereum’s $62.1B Futures Volume Tops Bitcoin’s $61.7B

    July 11, 2025

    Bitcoin Price Tops $116,000, Massive Short Squueze Approaches $1 Billion

    July 11, 2025

    GMX Hacker Converts Stolen Loot into 11,700 ETH

    July 10, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    Categories
    • Altcoins
    • Bitcoin News
    • Blockchain
    • Crypto Market Trends
    • Crypto Mining
    • Cryptocurrency
    • Ethereum
    Archives
    • July 2025
    • June 2025
    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    Archives
    • July 2025
    • June 2025
    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    Top Posts

    Animoca Brands Founder’s X Social Media Account Hacked, Used To Promote Fake Solana Ecosystem Token

    December 27, 2024

    ad

    About us

    Welcome to SimonCrypto.in, your ultimate destination for everything crypto! Whether you’re a seasoned investor, a blockchain enthusiast, or just beginning your journey into the fascinating world of cryptocurrencies, we’re here to guide you every step of the way.

    At SimonCrypto.in, we are passionate about demystifying the complex world of digital currencies and blockchain technology. Our mission is to provide insightful, accurate, and up-to-date information to empower our readers to make informed decisions in the ever-evolving crypto space.

    Top Insights

    Bitcoin (BTC) Dumped to a 4-Month Low, Liquidations Soar to Almost $1 Billion

    March 11, 2025

    Plume and Goldfinch Partner to Expand Access to Private Credit from Apollo, Ares, Golub, KKR and More

    March 21, 2025

    Bitcoin’s Emergence: Disrupting Traditional Safe Havens

    April 14, 2025
    Categories
    • Altcoins
    • Bitcoin News
    • Blockchain
    • Crypto Market Trends
    • Crypto Mining
    • Cryptocurrency
    • Ethereum
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • About us
    • Contact us
    Copyright © 2024 SimonCrypto All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.