BITCOIN BY ENERGY SOURCE
#[0]
*This pie graph is dynamic and reflects the network as of 30 March 2023. Changes in hashrate, power consumption, and mining activity will impact overall percentages.
Discussion
Want to understand what is happening in the energy markets? Track how these ratios change over time. Miners know best.
#[0]
I like to look at the full picture when considering various solutions to the same problem, in this case energy creation. Too many variables are missing from this data.
The advantage of looking at the Bitcoin network for what’s happening in terms of energy sources is that miners take into consideration all those variables when choosing where to get their energy from. It’s a big portion of their job, Proof of Work. Picking the wrong solution could mean going out of business. So the evolution of the ratios in the original note will paint the picture of the energy race.
No better incentive than printing money and getting fees
⚡️
The flare ratio is very small. I have some hands on experience with this and can understand why.
Are you doing that on landfills?
I have a landfill with gas capture that is interested. Likely would be 2MW maximum. I have worked on another landfill project as a consultant and it’s awesome.