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

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Overview

Bitcoin mining's clean energy usage is rapidly increasing, now exceeding 56% and steadily rising since April 2021. This trend is driven by increased investment in clean energy by Bitcoin mining companies, such as Riot Platforms and MARA Holdings. While the global energy crisis has led to higher mining costs, most miners are using their remaining capital to buy Bitcoin. Musk previously stated that Tesla would resume accepting Bitcoin payments when its clean energy usage exceeded 50%, indicating that the increase in clean energy usage is crucial for the industry's development.

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Analysis

Bitcoin mining's clean energy usage has surpassed 56%, a trend that has been growing since April 2021. Data from the Cambridge Centre for Alternative Finance shows that sustainable energy sources such as wind, solar, hydro, and even nuclear power are increasingly being used in Bitcoin mining, thanks to the continued investment in clean energy by mining companies like Riot Platforms and MARA Holdings. Despite the global energy crisis driving up mining costs, most mining companies are still committed to using their remaining capital to buy Bitcoin. This trend has also sparked expectations that Tesla will resume Bitcoin payments, as Elon Musk previously stated that Tesla would accept Bitcoin payments again when its clean energy usage exceeded 50%. As clean energy's share in Bitcoin mining continues to rise, Bitcoin's environmental friendliness will be further improved, opening up more possibilities for its development in the payment sector.

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

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The increase in clean energy usage is due to Bitcoin mining companies' investment and utilization of clean energy,

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

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

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