Cambridge Bitcoin Mining Report - Alexander Neumüller (#187)
Alexander Neumüller, Principal Researcher and lead author, discusses the new Cambridge Digital Mining Industry Report by the Cambridge Centre for Alternative Finance, providing unprecedented data on Bitcoin's energy usage and sustainability.
Dive into the latest findings on Bitcoin mining's sustainable energy mix, which has jumped to 52% from 37.6% in 2022. Alexander unpacks key trends including geographic shifts in mining operations, off-grid mining growth, and how Bitcoin miners are monetising stranded energy sources worldwide.
The Report: https://www.jbs.cam.ac.uk/wp-content/uploads/2025/04/2025-04-cambridge-digital-mining-industry-report.pdf
00:00 Introduction to the Bitcoin Industry
00:37 Guest Introductions and Report Overview
00:51 Insights from the Cambridge Digital Mining Industry Report
06:07 Sustainable Energy Mix in Bitcoin Mining
06:56 Geographical Shifts in Mining Activity
12:40 Challenges and Opportunities in the UK
18:50 Diversification and Future Trends in Bitcoin Mining
21:55 Cambridge Bitcoin Electricity Consumption Index
26:13 Historical Data and Theoretical Models
26:50 Electricity Consumption and Emissions
27:40 Off-Grid vs. On-Grid Mining
30:12 Creative Energy Solutions for Mining
32:38 Decentralizing Bitcoin Mining
39:27 Surprising Findings from the Report
47:51 Changing Narratives Around Bitcoin
52:34 Conclusion and Final Thoughts
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Cambridge Centre for Alternative Finance: https://www.jbs.cam.ac.uk/faculty-research/centres/alternative-finance/
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