#Bitcoin mining powered by clean energy exceeds 50%#

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Overview

The use of clean energy in Bitcoin mining is rapidly increasing, currently exceeding 56% and steadily rising since April 2021. This trend is driven by increased investment in clean energy by Bitcoin mining companies, such as Riot Platforms and MARA Holdings. Despite the global energy crisis driving up mining costs, most miners remain committed to utilizing clean energy and are mitigating cost pressures by purchasing Bitcoin. Elon Musk previously stated that Tesla would resume accepting Bitcoin payments when the clean energy usage rate for Bitcoin exceeded 50%, a goal that has now been achieved.

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Analysis

The use of clean energy in Bitcoin mining has surpassed 50% and continues to grow. According to Woocharts, the current clean energy share has reached 56.76%, steadily increasing since April 2021. This trend is driven by increased investment in clean energy by Bitcoin mining companies, such as Riot Platforms and MARA Holdings. Despite the global energy crisis leading to higher mining costs, most miners remain committed to using their remaining capital to purchase Bitcoin. Notably, Tesla CEO Elon Musk stated that Tesla would resume accepting Bitcoin payments when the clean energy usage rate in Bitcoin mining exceeded 50%. This news also indicates that as the clean energy usage rate in Bitcoin mining continues to improve, it will gain more recognition and support in the future.

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Bitcoin mining clean energy usage is constantly increasing, currently exceeding 50%,

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The increase in clean energy usage is due to increased investment in clean energy by Bitcoin mining companies,

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The global energy crisis has led to an increase in mining costs, making mining companies more inclined to use surplus capital to buy Bitcoin,

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Tesla may resume Bitcoin payments in the future, provided that Bitcoin's clean energy usage continues to increase

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