Bitcoin Institute Critiques U.N. University's Bitcoin Mining Study as Outdated and Flawed
-
Margot Paez of the Bitcoin Policy Institute provides a strong critique of the United Nations University's recent bitcoin mining study, calling out issues like selective bias, outdated data sources, and flawed methodologies.
-
The study fails to incorporate latest developments showing bitcoin mining's potential to support grid reliability and renewable energy growth.
-
Its projections rely on past trends rather than considering rapid changes in mining technology and energy consumption.
-
Recommendations like switching from proof-of-work to proof-of-stake reveal gaps in understanding bitcoin mining's intricacies.
-
Paez calls for more transparent, collaborative research between renewable sector, miners, and academics to inform sound policymaking.