Bitcoin has been making headlines this year a lot and positive things continue to keep the king coin in the mainstream media.
It’s been just revealed that the sustainability of the Bitcoin mining industry has been increasing in 2021 a lot and a report that has been published by the association of miners formed following the backlash on BTC’s energy use analyzes this.
In this report, Bitcoin Mining Council (BMC) said that the results of its first voluntary survey that looked into the electricity consumption and sustainable power mix of 32% percent of the world’s Bitcoin network.
“According to the poll, survey participants and members of the BMC are currently using electricity with a sustainable power mix of 67%,” as the online publication the Daily Hodl notes.
They continue and reveal that based on the data, the report concludes that the “sustainable electricity mix of the global mining industry has risen to 56% during the second quarter of this year.”
It’s also important to note the fact that back in June, Musk told his 57.8 million Twitter followers that Tesla will open BTC payments once the sustainability of the Bitcoin mining industry reaches a certain threshold.
“When there’s confirmation of reasonable (~50%) clean energy usage by miners with positive future trend, Tesla will resume allowing Bitcoin transactions.”
Bitcoin in the news
Just the other day, we were revealing that Institutional investors in Canada are amassing more and more shares of the Bitcoin Exchange Traded Fund or ETF, which was recently approved by the authorities for use.
These moves create more demand for Bitcoin, which could eventually have a major impact on its price movement. This is as per data released by Glassnodem, which showcases that the ETF has added almost 30 percent of BTC invested in it in less than two months.
Regarding Bitcoin’s price today, at the moment of writing this article, BTC is trading in the green and the king coin is priced at $34,845.27.