#Bitcoin mining powered by clean energy exceeds 50%#

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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 progress is driven by investments in clean energy by Bitcoin mining companies such as Riot Platforms and MARA Holdings. Despite the global energy crisis leading to increased mining costs, miners remain committed to utilizing clean energy and are addressing cost pressures by purchasing Bitcoin. Elon Musk has also stated that Tesla will once again accept Bitcoin payments when the clean energy usage rate for Bitcoin exceeds 50%.

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Analysis

The use of clean energy in Bitcoin mining is rapidly increasing, currently exceeding 56%. This trend is driven by continued investment 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 use of clean energy in Bitcoin mining, including wind, solar, hydro, and even nuclear power, has been steadily increasing since April 2021. Despite the global energy crisis leading to continued rising mining costs, most mining companies are still committed to using their remaining capital to buy Bitcoin. Musk previously stated that Tesla would accept Bitcoin payments again when the clean energy usage rate exceeded 50%, a goal that has now been achieved. As the use of clean energy continues to rise, the environmental friendliness of Bitcoin mining has been significantly improved, providing a more sustainable guarantee for its future development.

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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 in clean energy and the application of renewable energy sources such as wind, solar, and hydropower.

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Against the backdrop of the global energy crisis, mining costs continue to rise, and mining companies are more inclined to use surplus capital to buy Bitcoin.

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Musk has said that Tesla will accept Bitcoin payments again when Bitcoin's clean energy usage exceeds 50%.

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