Energy Efficiency Of Bitcoin Mining Has Improved Significantly Over The Year — BMC

The energy efficiency of Bitcoin mining has increased by 46% over the past year, according to MicroStrategy CEO and Bitcoin Mining Council (BMC) member Michael Saylor.

“We are seeing a 46% year-on-year increase in the energy efficiency of Bitcoin mining due to advances in semiconductor technology, the rapid expansion of mining in North America, the Chinese exodus, the widespread adoption of sustainable energy and modern hardware,” he said.

In addition, according to the quarterly report of the Bitcoin Mining Council (BMC), at the end of the second quarter of 2022, the cumulative hash rate of BMC participants was 107.7 EH/s — more than 50% of the total.

As for the rest of the indicators, compared to April-June 2021, the computing power of the network increased by 137%, energy consumption increased by 63%, mining efficiency increased by 63%, and hash rate generation per 1 MW increased from 14.4 EH to 21.1 EH.

The share of green energy consumed by miners increased over the year by 6% and reached 59.5% (for BMC participants it was 66.8%).

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