Jan 31st 2022
The carbon intensity of bitcoin mining is lower than the global average
CoinShare’s latest research report, "The Bitcoin Mining Network", provides new data on bitcoin mining's energy consumption and carbon intensity. The report found that the industry's carbon intensity is significantly below the global average.
Source: CoinShares, OurWorldInData.org
The report estimates the relative contributions of coal, gas, hydro, nuclear and wind in the bitcoin mining industry at 35%, 24%, 21%, 11% and 4%, respectively.
The report found the carbon intensity of the bitcoin mining industry to be 466 gCO2/kWh, lower than the global average of 492 gCO2/kWh.