Bitcoin getting ever greener
Crypto ecology trend is getting stronger, and we can see it.
Recently formed Bitcoin Mining Council shared the results of its first mining survey for Q2 2021. Roughly a third of the network took part, revealing a 67% sustainable energy mix. Based on this data the total mining energy mix is estimated at 56% sustainable – much more than the majority of world industries. Moreover, mining energy use itself is minuscule compared to the current world energy production, whatever the fake news or ignorant politicians might say.
Even so, crypto industry is determined to become carbon-neutral, and some of its actors don’t wait for miners to do all the job. German crypto fund ETC-Group, famous for introducing the first government-approved ETP (Exchange-Traded Product) to the European financial market, announced its intentions to offset all carbon footprint associated with the crypto it is trading. The first fund to do so was the Canadian Ninepoint, and ETC-Group is now confirming the trend ?
