Bitcoin mining can help reduce up to 8% of global emissions: Report

https://cointelegraph.com/news/bitcoin-mining-reduce-8-global-emissions-study

by g42gregory • 3 years ago

1 2 3 years ago

cointelegraph.com

RGamma• 3 years ago

These mental gymnastics are crazy, man.

0ct4via• 3 years ago

Hope they warmed up first, because boy - what a stretch...

From TFA: "According to the report, Bitcoin mining can reduce global emissions by up to 8% by 2030. This can be done by converting the world’s wasted methane emissions into less harmful emissions. The report cited a theoretical case saying that using captured methane to power Bitcoin mining operations can reduce the amount of methane vented into the atmosphere."

"“We have shown that while Bitcoin is a consumer of electricity, this does not translate to it being a high emitter of carbon dioxide and other atmospheric pollutants. Bitcoin can be the catalyst to a cleaner, more energy-abundant future for all,” the authors wrote."

...except unless they're getting their power from green sources, miners consuming so much electricity absolutely does make bitcoin mining a higher emitter of CO2 and other atmospheric pollutants than many other outfits.

The paper in question: https://www.theirm.org/news/bitcoin-and-the-energy-transitio...

Bitcoin mining can help reduce up to 8% of global emissions: Report

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