Update: Bitcoin Is Now 56.7% Green: ’s How It Could Get Even Cleaner

Bitcoin mining is accelerating renewable energy deployment, replacing fossil-fuel heating, expanding energy access and cutting methane emissions at scale.

More than 56% of the Bitcoin network is now powered through sustainable means and is set to rise further as Bitcoin mining brings more green energy projects online, according to tech investor and ESG expert Daniel Batten.

“Bitcoin mining could be the century’s most important sustainable innovation,” said Batten in a lengthy X post on Thursday.

He pointed out that a lot has changed since 2021 when Bitcoin mining was powered by just 34% sustainable energy.

The latest data from Batten, Willy Woo, and the Digital Assets Research Institute (DARI) shows that just a little over four years later, 56.7% of Bitcoin mining is now sustainable energy.

However, Batten argues that Bitcoin does more than just use green energy — it can also help the industry grow.

Bitcoin mining removes major bottlenecks that slow down green energy adoption by acting as an immediate buyer for renewable projects stuck in ten to 15-year interconnection queues, he said.

This can help cut renewable project payback periods from eight years to three and a half years, making clean energy investments more attractive.

Related: Nine myths about Bitcoin energy use challenged by data, ESG expert says

BTC mining operations also provide flexible demand that stabilizes grids with variable renewable sources, giving operators confidence to add more solar and wind capacity.

Source: CoinTelegraph