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Nuclear and gas fastest growing energy sources for Bitcoin mining: Data

The electricity mix of Bitcoin (BTC) has drastically changed over the past few years, with nuclear energy and natural gas becoming the fastest growing energy sources powering Bitcoin mining, according to new data. The Cambridge Centre for Alternative Finance (CCAF) on Tuesday released a major update to its Bitcoin mining-dedicated data source, the Cambridge Bitcoin Electricity Consumption Index (CBECI). According to the data from Cambridge, fossil fuels like coal and natural gas made up almost two-thirds of Bitcoin’s total electricity mix as of January 2022, accounting for more than 62%. As such, the share of sustainable energy sources in the BTC energy mix amounted to 38%. The new study suggests that coal alone accounted for nearly 37% of Bitcoin’s total electricity consumption as of earl...

Angola Committed to Meeting Energy Objectives Amid Worldwide Pandemic

Sourced from Saur Energy. Africa Oil & Power, the African Energy Chamber and the U.S-Angola Chamber of Commerce presented the webinar: Powering Forward – The Pathway to Grid Stability, Increased Capacity and a Diversified Angolan Economy, on Thursday. This webinar addressed how Angola can continue to prioritize its development of national transmission and distribution capacities in the long-term, with a view toward increasing electrification, job creation and economic growth. Panellists included Maria da Cruz, President & CEO of the U.S-Angola Chamber of Commerce, Paul Ghiotto, Energy Officer, Political-Economic Section, U.S. Embassy Luanda and Frederico Martins Correia, Energy, Resources & Industrials Partner, Deloitte. Powering Forward: The Pathway to Grid Stability, Increase...