The transparency of Bitcoin's hashrate, which captures the computational force being used across the network, creates a degree of transparency innate to Bitcoin mining, according to Hut 8 CEO Jaime Leverton. This transparency allows for easy tracking of Bitcoin miners' energy usage, unlike the traditional banking system or hard metal mining.

The Bitcoin Mining Council produces quarterly reports on the power sources used by its members, comprising nearly the entire Bitcoin mining industry. Around 60% of the power used by BMC members comes from sustainable sources like solar, wind, and hydroelectricity. Leverton also argued that the value versus energy critique of Bitcoin hasn't historically been applied to other forms of technology.