{"id":126234,"date":"2025-04-01T12:16:09","date_gmt":"2025-04-01T12:16:09","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=126234"},"modified":"2025-04-01T12:16:09","modified_gmt":"2025-04-01T12:16:09","slug":"bitcoin-mining-using-coal-energy-down-43-since-2011-report","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=126234","title":{"rendered":"Bitcoin mining using coal energy down 43% since 2011 \u2014 Report"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsThe use of hydrocarbon fuels in mining Bitcoin has seen a sharp decline over the past 13 years, with the use of coal energy in mining dropping significantly.<br \/>\nThe share of coal energy use in Bitcoin (BTC) mining has dropped from 63% in 2011 to 20% in 2024, an average annual decrease of roughly 8%, according to a new report released on March 31 by the MiCA Crypto Alliance.<br \/>\nIn parallel, the share of renewable energy used in Bitcoin mining has steadily increased, growing at an average rate of 5.8% per year.<br \/>\nBitcoin absolute energy consumption trends and share of renewable and coal energy. Source: MiCA Crypto AllianceThe data reflects a steady shift of Bitcoin mining to cleaner and more sustainable energy solutions, with the study forecasting further decarbonization and mitigation of BTC\u2019s environmental footprint in the coming years.<br \/>\nGlobal coal energy use surged to new highs in 2024<br \/>\nThe transition comes amid rising global coal consumption, adding contrast to Bitcoin\u2019s changing energy profile.<br \/>\nAccording to the International Energy Agency (IEA), a Paris-based intergovernmental policy organization, global coal use surged to a new record in 2024, estimated at 8.8 billion tonnes.<br \/>\nGlobal coal consumption from 2000 to 2026. Source: IEAAccording to the IEA, global demand for coal energy is set to stay close to record levels through 2027 as emerging economies like India, Indonesia and Vietnam are expected to see a sharp rise in coal consumption in the coming years.<br \/>\nFive scenarios for Bitcoin\u2019s energy path to 2030<br \/>\nThe report lays out five future scenarios for Bitcoin\u2019s carbon footprint, ranging from a bearish $10,000 BTC price to an ultra-bullish $1 million scenario.<br \/>\nThe study specifically included five BTC price scenarios, with $10,000 considered as a low price scenario, a base price scenario at $110,000, a medium price scenario at $250,000, a high price scenario at $500,000 and a \u201cvery bullish\u201d price scenario at $1 million per BTC.<br \/>\nPeak annual carbon footprint estimations for different Bitcoin price scenarios and IEA\u2019s different energy transition scenarios. Source: MiCA Crypto AllianceIn a medium price scenario, renewable energy is estimated to constitute between 59.3% and 74.3% of Bitcoin\u2019s total electricity usage, depending on the policy scenario, excluding nuclear energy use, the report stated.<br \/>\nRelated: Crusoe to sell Bitcoin mining business to NYDIG to focus on AI<br \/>\nThe report also mentions an expected peak in Bitcoin mining energy consumption around 2030, echoing a similar forecast in a study by the digital asset platform NYDIG released in September 2021.<br \/>\nAccording to NYDIG\u2019s estimations, even in a high-price scenario, Bitcoin\u2019s electricity consumption would peak at 11 times its 2020 level, but it will only account for 0.4% of global primary energy consumption and 2% of global electricity generation.<br \/>\nMagazine: Bitcoin ATH sooner than expected? XRP may drop 40%, and more: Hodler\u2019s Digest, March 23 \u2013 29<a href=\"https:\/\/cointelegraph.com\/news\/bitcoin-mining-renewables-rise-coal-decline-2030?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsThe use of hydrocarbon fuels in mining Bitcoin has seen a sharp decline over the past 13 years, with the use of coal energy in mining dropping significantly.&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126234"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=126234"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126234\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=126234"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=126234"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=126234"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}