That’s it ! Bitcoin can finally help protect the planet

The Bitcoin Mining Council has put the issue of Bitcoin’s energy consumption back on the table. Bitcoin mining has always been demonized because of its high consumption of electrical energy. Moreover, it was found that the production of bitcoin in its early years involved heavy electricity loads.

Today, the Bitcoin Mining Council wants to be reassuring. Knowing that the BTC miner is not a chosen one that can be curbed in the years to come, arrangements have been made. The Bitcoin network is entering the era of green crypto. Renewable energy is in the spotlight, and this trend should take hold internationally.

Bitcoin is a winning industry. Its market share is increasing year by year. There is a lot of speculation about the future around bitcoin, the fact that it is now turning to renewable energy portends an even brighter future. But what is it really? Will we be able to trade green Bitcoin in the next few years?

Bitcoin would be less energy intensive

According to the latest news Bitcoin is now able to operate using as little electrical energy as possible. The network would have been lightened, and its mining facilitated. Several changes have been proposed to make Bitcoin a low-energy cryptocurrency. This was the first initiative awarded by the developers and the community.

It was found that network and cryptocurrency energy efficiency increased by 46%. In this sense, the performance of cryptocurrency in general would also have increased. Moreover, if Bitcoin mining is less energy-intensive today, speculators believe that its price should rise soon.

The Bitcoin community believes that it would indeed make sense to see the value of BTC increase due to insufficient energy upgrades. The increase in the value of Bitcoin, however, depends on other parameters. This progress is already a good thing, but crypto still and above all depends on the goodwill of users.

Steps are being taken to green Bitcoin

Several factors contribute to the improved energy efficiency of Bictoin. The major industries involved in the bitcoin mining first took the initiative to use renewable energy to operate. These are the member industries of the Bitcoin Mining Council.

Because Bitcoin is always evolving, these big industries simply can’t continue mining with precarious production methods. It was necessary to use more technology efficient and also less energy-consuming. The easiest way to do this was to use renewable energy.

Another thing, pollution related to BTC mining has been greatly reduced due to the migration of Chinese operators to the USA. The new location of these operators will allow them to improve their mining technique to move towards the ideal of green crypto.

Finally, analysts note that currently green energy is increasingly present throughout the world. It is completely normal for Bitcoin to gradually start to green.

If Bitcoin is less energy-intensive today, we are lucky to still be able to mine it in the years to come.

Victoria

Passionate about cryptos, NFTs and more generally everything related to Blockain, I share all my advice with you on my blog! Attention, I am not an expert and what I say should absolutely not be taken as an absolute truth. I am not an investment advisor 🙂

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