The United States dominates BTC mining with 75.4 % share with clean energy use 52.4 %: Report

According to a new research from the Cambridge Center for Alternative Finance (CCAF), North America is now 82.5 % of the global bitcoin mining power.

The report derives from the survey responses from 49 mining companies operating in 23 countries, which represents nearly half of the Bitcoin network.

Sustainability practices

the Ticket The most prominent increase in the use of sustainable energy, with 52.4 % of miners now depends on renewable energy sources by 42.6 % and nuclear at 9.8 %, an increase of 37.6 % in 2022. Natural gas has also become one power source by 38.2 %, exceeding coal, which decreased to 8.9 % of 36.6 %.

On the other hand, the annual electricity consumption of the network increased by 17 % to 138 TwH, or about 0.54 % of the use of global electricity. This increase came despite a 24 % improvement in mining equipment efficiency, which reached an estimated 28.2 July per Terhash (J/th) by mid -2014.

Electricity is still the dominant operational expenses of miners, representing more than 80 % of cash costs, as their average prices have been reported at $ 45 per megatone per hour.

Emotion of greenhouse gas emissions in industry is estimated at 39.8 million metric tons of CO₂ each year, or about 0.08 % of global emissions. The study says that this number may decrease to 32.9 million tons in cases where famous gas is used. 70.8 % of miners also reported the use of climate reduction measures, such as the fall of the fall waste and the demand side response (DSR), with 888 GWH of the low -term load in 2023.

Meanwhile, a few companies dominate the mining devices market, with a bite company, the leading company in ASIC, which contains 82 % of the market, while the fixed program market is more diverse. Moreover, about 86.9 % of the equipment that is stopped or recycled is recycled, with mining online waste estimated at 2.3 kg for 2024.

Market dominance and challenges

The study also shows that more bitcoin mining is now based in North America, where the United States represents 75.4 %, and Canada follow 7.1 %. However, note that the activity also grows in emerging markets such as South America and the Middle East.

Economically, the American mining sector has become a major contributor. A separate report from the Perryman group found that the industry generates more than 31,000 jobs and adds more than $ 4.1 billion of total products annually. Texas is driving 1.7 billion dollars and 12,200 jobs, followed by Georgia (316.8 million dollars, 2300 jobs) and New York (225.9 million dollars, 1,600 jobs).

Despite the momentum, CCAF analysis reveals that the mining industry still faces some challenges, including organizational uncertainty, volatile energy prices, and unpredictable bitcoin market conditions. As a result, more players turn into diversification strategies in areas such as artificial intelligence computing and energy innovation to maintain profitability.