Cambridge Blockchain Network Sustainability Index: Bitcoin Mining Map Reveals Energy Consumption Patterns
2024-12-12
The Cambridge Centre for Alternative Finance (CCAF) released a mining map visualizing global Bitcoin mining energy consumption as part of the Cambridge Blockchain Network Sustainability Index. The map shows the share of Bitcoin mining hashrate by country and region, revealing a seasonal migration pattern of Chinese miners between ‘dry’ and ‘wet’ seasons to leverage cheaper hydropower. However, this migration pattern likely ended after the Chinese government crackdown on the mining industry in June 2021. The research is based on geolocation mining facility data collected in partnership with several Bitcoin mining pools and acknowledges contributions from BTC.com, Poolin, ViaBTC, and Foundry.
(ccaf.io)