Bitcoin

The Kazakhstan Mining Exodus Has Flipped Bitcoin To Clean-Energy Dominance


Kazakhstan was, at its height, the second-largest Bitcoin mining nation on earth. Then, within a year, it capitulated. While mainstream news commentators were quick to pick through the reasons for why Kazakh authorities turned against Bitcoin mining operations, the consequence this had on the greening of the network went unreported.

But because Kazakhstan is fuelled 87.6% by fossil fuel, less mining there means a higher clean energy mix for the Bitcoin network.

How much higher?

That’s what I asked myself. And the answer I found was surprising.Source



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Business Asia
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