#Over half of Bitcoin mining now uses clean energy.#

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Overview

The use of clean energy in Bitcoin mining is steadily increasing, currently exceeding 56% and has been on an upward trend since April 2021. This trend is driven by increased investment in clean energy by Bitcoin mining companies, such as Riot Platforms and MARA Holdings. Despite the global energy crisis leading to higher mining costs, most mining companies remain committed to utilizing clean energy and are addressing cost pressures by purchasing Bitcoin. Notably, Tesla CEO Elon Musk has stated that Tesla will resume accepting Bitcoin payments when the clean energy usage in Bitcoin mining exceeds 50%, which has also provided new momentum for the development of clean energy in Bitcoin mining.

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Analysis

The use of clean energy in Bitcoin mining has surpassed 50% and continues to grow. According to Woocharts, the current proportion of clean energy use has reached 56.76%, steadily increasing since April 2021. This trend is driven by increased investment in clean energy by Bitcoin mining companies, such as Riot Platforms and MARA Holdings, which have ramped up their use of sustainable energy sources like wind, solar, hydro, and even nuclear power. Despite the current global energy crisis driving up mining costs, most mining companies remain committed to using their remaining capital to purchase Bitcoin and actively promote the use of clean energy. Elon Musk has also stated that Tesla will once again accept Bitcoin payments when the clean energy usage rate for Bitcoin exceeds 50%, indicating that the application of clean energy is crucial for the future development of Bitcoin.

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Bitcoin mining clean energy usage continues to grow, currently exceeding 56%

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Cambridge Centre for Alternative Finance defines clean energy as wind, solar, hydro and even nuclear energy

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Bitcoin mining companies have increased their investment in clean energy, but mining costs continue to rise

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Tesla may restart Bitcoin payments after Bitcoin clean energy usage exceeds 50%

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