The Bitcoin Mining Council not too long ago launched a brand new survey. The report revealed a 70% enhance within the Bitcoin mining hash fee in H1 2023. Equally, there was a 1% progress in sustainable energy inside the interval. The voluntary world discussion board for BTC mining initiatives launched its findings primarily based on three main metrics: technological effectivity, sustainable energy combine, and electrical energy consumption.

As per the report, the BMN membership hash fee has witnessed a progress from 24 EH to 258 EH between Q1 2022 and Q2 2023. Bitcoin Mining Council represents 43.4% of the worldwide Bitcoin Mining Community. Its members have been unfold throughout six continents.

The survey showcases how BMC members are utilizing electrical energy with a 63% sustainable energy combine. On a year-on-year foundation, Bitcoin Community’s technological effectivity has additionally grown by 24%. The metric has shifted from 21.1 EH per GW to 26.1 EH per GW between H1 2022 and H1 2023.

The acquire reaffirms the standing of Bitcoin Community’s progress with growing effectivity. The most recent publication was the eighth quarterly launch by the Bitcoin Mining Council. Ever since its inception again in Might 2021, the council has been supporting the most important Bitcoin mining initiatives worldwide.

Bitfarm’s Chief Mining Officer, Ben Gagnon, additionally talked in regards to the improvement. In keeping with Gagnon, the Bitcoin community has by no means been safer or stronger since getting into 2023. Even with the macro headwinds in H2 2022, the trade is deploying miners with improved power effectivity and elevated hash fee.

H1 2023 additionally witnessed a large enhance in curtailment, the place BMC members reported 2.5 GW price of BTC mining operations. The members launched 815 GWh price of power again to native grids throughout want, added Gagnon.

BMC held an official presentation on ninth August to speak in regards to the ends in entrance of a large viewers. The occasion was a hit, and the council is predicted to develop in recognition, given its newest ventures.