The Bitcoin Collective

Cambridge Bitcoin Mining Report - Alexander Neumüller (#187)

Apr 29, 2025
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INSIGHT

Sustainable Energy Shift in Mining

  • The sustainable energy mix in Bitcoin mining jumped from 37.6% in 2022 to 52% due to geographic shifts.
  • Moves away from China and Kazakhstan towards the US and South America increased renewable energy use significantly.
ADVICE

Creative Mining Strategies

  • Miners need to adopt creative strategies like using older hardware at lower uptime during low electricity demand.
  • Exploring demand response and flare gas mitigation will be key to sustainable mining long term.
INSIGHT

Off-Grid Mining Emerges

  • Around 26% of surveyed Bitcoin miners have off-grid electricity access, but only about 8% of total mining activity is fully off-grid.
  • Off-grid mining often involves direct energy supply from sources like landfill gas engines without grid connection.
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