Hydropower Surpasses Natural Gas as Bitcoin Mining's Primary Energy Source

Bitcoin mining power consumption has seen a significant increase over the past year, rising by a substantial 38%. According to a recent industry report, this growth is largely due to the shift towards cleaner energy sources. Hydropower now accounts for the largest share of electricity used by Bitcoin miners, surpassing natural gas as the primary source.

This trend reflects the growing demand for renewable energy within the industry. As mining companies seek lower-cost and more sustainable power options, hydropower has become a preferred choice. The report highlights that this shift is not only beneficial for the environment but also economically viable for miners.