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

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Overview

The use of clean energy in Bitcoin mining is rapidly increasing, currently exceeding 56%. This trend is driven by Bitcoin mining companies' investments in clean energy, as well as the Cambridge Centre for Alternative Finance's definition of sustainability, which includes wind, solar, hydro, and even nuclear energy as clean energy sources. Despite the global energy crisis driving up mining costs, most mining companies remain committed to using their remaining capital to buy Bitcoin. This trend has also sparked external expectations for Tesla to resume Bitcoin payments. Elon Musk previously stated that Tesla would accept Bitcoin payments again when the clean energy usage rate for Bitcoin exceeded 50%.

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Analysis

The use of clean energy in Bitcoin mining is rapidly increasing, now exceeding 56%. This growth is driven by investments in clean energy by Bitcoin mining companies, such as Riot Platforms and MARA Holdings. Data from the Cambridge Centre for Alternative Finance shows that the share of sustainable energy sources, including wind, solar, hydro, and even nuclear power, in Bitcoin mining is steadily rising. Despite the global energy crisis driving up mining costs, most mining companies remain committed to using their remaining capital to purchase Bitcoin. Elon Musk previously stated that Tesla would resume accepting Bitcoin payments when the clean energy usage rate in Bitcoin mining exceeded 50%, a goal that has now been achieved. This trend indicates that Bitcoin mining is moving towards a more sustainable path and is poised to gain further mainstream acceptance in the future.

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Bitcoin mining's clean energy usage is steadily increasing, currently exceeding 56%

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The Cambridge Centre for Alternative Finance defines sustainability as a key metric for measuring clean energy usage

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Bitcoin mining companies are increasing their investments in clean energy, such as Riot Platforms and MARA Holdings

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The global energy crisis has led to increased mining costs, and mining companies are using their remaining capital to buy Bitcoin

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