TechFlow news, April 29 — The latest research report from the Cambridge Centre for Alternative Finance (CCAF) shows that the sustainable energy usage rate in the Bitcoin mining industry has risen to 52.4%, a significant increase from 37.6% in 2022. The report indicates that natural gas (38.2%) has replaced coal (8.9%) as the largest single energy source, with coal usage dropping sharply from 36.6% in 2022. Data also reveals that North America dominates global mining activities, with the United States accounting for 75.4% and Canada for 7.1%. This study is based on a survey of 49 mining companies across 23 countries, covering 48% of global mining activity, and estimates Bitcoin's annual electricity consumption at 138 terawatt-hours, approximately 0.5% of global electricity use.
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