According to a report published by Mica Crypto Alliance Andh Data Analytics company Nodiens, renewable energy could power more than 70% of Bitcoin (BTC) mining operations by 2030.
The report highlighted that this change will occur as it moves away from fossil fuels in favor of cleaner alternatives such as wind, solar, hydropower and energy from waste.
Renewable energy usage in the mining sector was only 20% in 2011, at 41% by the end of 2024.
According to the report:
“The composition of renewable energy has diversified over time. Solar and wind energy have grown significantly by 2024, reaching 6.07% and 10.86% of total energy consumption, respectively.”
Meanwhile, the shift from fossil fuels has already had an impact. Bitcoin mining’s coal-based energy fell from 63% in 2011 to just 20% in 2024.
Accepting green energy
The report notes that economic incentives, changing energy trends, and evolving climate policies shape the industry’s extremes towards renewable energy. These factors further drive renewable adoption over the next five years.
Bitcoin climate analyst Daniel Batten also highlighted the growth groups in research that support this trend. Of the 18 peer-reviewed studies on Bitcoin and energy published since 2023, 16 found that mining actively contributes to climate efforts and supports global clean energy goals.
Batten also said mining operations will help balance the grid and accelerate the transition to sustainable energy.
Several mining companies are actively promoting this transition. BTC Digital is one of the early adopters of integrating green energy into its operations.
At the same time, countries like Ethiopia and Bhutan are plunging into the spotlight. In 2024 alone, Ethiopia reportedly won roughly $1 billion from Bitcoin mining by utilizing the excess electricity generated by the Grand Renaissance Dam, a major hydroelectric power plant.
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