The growing demand for mining raises environmental and energy efficiency concerns. Researchers are investigating the potential impact of nickel, a crucial component in batteries used for mining, on cryptocurrency prices. This is significant because the rise of cryptocurrencies and the global adoption of blockchain technology present challenges and opportunities for the energy sector, driven by the higher energy demand for mining activities. The associated blockchain technology creates challenges and opportunities for the energy sector due to increased energy demand for mining activities, potentially straining local power capacity and escalating electricity rates. Using quantitative methods, this research evaluates the impact of nickel and gold prices, either simultaneously or partially on cryptocurrency prices spanning from 2018 to October 2023. Daily closing prices of Nickel Futures (NICKELc1 Index), Gold (GCZ3 Index), and Bitcoin, were collected, forming a dataset with 1213 entries. esearchers, using a multiple regression model, found that both nickel and gold prices together significantly influence cryptocurrency prices by 80%. Individually, both nickel and gold prices also have a significant impact on cryptocurrency prices. In future research, consider incorporating other renewable commodities that play a crucial part in promoting sustainability, reducing dependence on finite resources, and fostering a cleaner energy ecosystem.