Miners' transition to renewable energy sources
Date: 2024-04-18 Author: Henry Casey Categories: BLOCKCHAIN
According to Matteo Greco from Fineqia International, the Bitcoin halving will encourage miners to switch to more sustainable sources of electricity.
Mining efficiency optimization
In order to increase capital efficiency and ensure network security, miners will be forced to look for affordable and sustainable energy sources, Fineqia International claims.
Growing share of renewable energy sources
Experts note that the share of energy from renewable sources in cryptocurrency mining has already increased and continues to grow, which contributes to the sustainability and environmental safety of the process.
The trend away from coal-fired power plants
CH4-Capital co-founder Daniel Batten emphasizes that miners are increasingly switching to hydroelectric power, abandoning the use of coal thermal power plants.
Marathon Digital director Adam Swick said miners are actively hunting for blocks after the halving, trying to find a block with an “epic satoshi”.
