The Bitcoin Mining Council (BMC) has announced substantial progress in sustainable energy adoption and operational efficiency in Bitcoin mining during H1 2023. BMC’s hash rate surged from 24 EH in early 2022 to an impressive 158 EH in Q2 2023, marking a 70% YoY increase. This growth solidifies BMC’s position with a 43.4% share of the global Bitcoin Mining Network. With a sustainable power mix of 63.1%, BMC members contribute to the industry’s overall sustainable energy at 59.9%. The BMC also enhances the Bitcoin network’s efficiency, achieving a 24% YoY efficiency boost. During H1 2023, 2.5 GW of Bitcoin mining operations curtailed, releasing 815 GWh of energy into local grids, mainly in North America. Notable members of the BMC include Argo Blockchain, BitDeer, Bitfarms, and more.
This article explores how smart cities use renewable energy and innovation to transform urban living. Renewable sources combat climate change, while digital tech optimizes resources. Blockchain enhances security, leading to a greener future. Smart cities prioritize sustainability, optimize resources, and foster growth through continuous energy innovation. The integration of renewable energy and innovation creates resilient and sustainable urban environments, improving lives and protecting the environment.
The article discusses smart cities, which are urban areas utilizing advanced technologies and data to enhance residents’ quality of life, promote sustainability, and adopt a circular economy. It explores how renewable energy, digital technologies, blockchain, energy innovation, sustainability, and the circular economy contribute to the foundation and success of smart cities. By integrating these components, smart cities aim to create a holistic and resilient urban environment, improving the well-being of citizens and contributing to a sustainable future.