Bitcoin mining using coal power by 43 % since 2011 – Report

The use of hydrocarbon fuel in bitcoin mining has witnessed a sharp decrease over the past 13 years, with coal energy decreased significantly.

Class to use coal energy in bitcoin (BTCMining fell from 63 % in 2011 to 20 % in 2024, according to a new report Absolute Through the Mica Crypto Alliance in cooperation with the Rase Metrics Nodiens Data platform.

In parallel, the renewable energy share used in bitcoin mining increased steadily, growing at a rate of 5.8 % annually.

The data reflects a steady shift in bitcoin mining into more clean and more sustainable energy solutions, as the study expects more carbon and reduce the environmental footprint of BTC in the coming years.

The use of global coal energy increased to new levels in 2024

While it is said that the consumption of coal energy in Bitco Mining has decreased by 8 % annually, global coal consumption has increased.

According to the International Energy Agency (IEA), an international policy organization based in Paris, which uses global coal Rise To a new record in 2024, estimated at 8.8 billion tons.

According to IEA, global demand for coal energy is scheduled to remain close to record levels to 2027, where emerging economies such as India, Indonesia and Vietnam are expected to witness an increase in coal consumption in the coming years.

Five Power Power Scenaries in Bitcoin until 2030

The report shows five future carbon fingerprint scenarios in Bitcoin, which ranges from a declining price of $ 10,000 BTC to a scenario of one million dollars.

The study specifically included five BTC price scenarios, with $ 10,000 a low price scenario, the basic price script at $ 110,000, a script at a price of $ 250,000, a script of the high price at $ 500,000 and a “climbing” scenario at a price of one million dollars per two years.

In a medium price scenario, it is estimated that renewable energy constitutes between 59.3 % and 74.3 % of the total use of electricity in Bitcoin, depending on the policy scenario, except for the use of nuclear energy.

Related to: Crusoe for the sale of bitcoin mining works to NYDIG to focus on artificial intelligence

The report also mentioned an expected peak in the consumption of Bitcoin mining energy around 2030, an echoing a similar prediction in a study conducted by the NYDIG digital platform Absolute In September 2021.

According to NYDIG estimates, even in a high -price scenario, Bitcoin’s electricity consumption will reach 11 times the level of 2020, which represents 0.4 % of global primary energy consumption and 2 % of global electricity generation.

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