New report shows Bitcoin mining's potential to cut emissions and catalyze energy transition

A report by the Institute of Risk Management concluded Bitcoin mining could reduce global emissions by up to 8% by 2030 by converting wasted methane into less harmful emissions.
The report argued Bitcoin is not just an energy risk but can catalyze energy transition and provide solutions for energy challenges.
Bitcoin mining can contribute to energy efficiency by using miners for electricity grid management and transferring miner heat to greenhouses.
The report presented a more balanced view on Bitcoin's energy use, showing potential benefits for the energy industry.
Experts in the report concluded Bitcoin can be a catalyst for a cleaner, more energy abundant future.

cointelegraph.com

Relevant topic timeline:

8/22/2023

Bitcoin Mining Startup Raises $13 Million to Turn Trash Into BTC - Decrypt

Nodal Power has raised $13 million in funding to convert methane gas from landfills into renewable electricity for local power grids and also use it for clean Bitcoin mining when grid economics are not favorable. Methane, a potent greenhouse gas, is captured and repurposed by Nodal Power, reducing carbon emissions and making use of otherwise wasted resources.

8/29/2023

An Open Letter to President Biden Regarding Bitcoin Mining

Bitcoin mining has the potential to revolutionize America's energy grid by promoting renewable energy, improving efficiency, and balancing the load on the grid, and the government should support initiatives that integrate bitcoin mining into the national energy grid's development.

9/21/2023

Bitcoin Mining Becoming More Energy Efficient as Hash Rate Rises, Slowing Emissions Growth

Bitcoin's hash rate is increasing while its emissions intensity is decreasing, setting it apart from most industries and potentially attracting institutional investment and contributing to the transition away from fossil fuels, according to Bloomberg analyst Jamie Coutts.

9/21/2023

Bitcoin Mining Goes Green: Renewables and Innovation Cut Emissions and Stabilize Grids

Bitcoin is gaining recognition as an ESG asset due to its ability to create markets for renewable energy, stabilize power grids, and reduce methane emissions, challenging previous assumptions about its environmental impact.

10/2/2023

Mining Industry Feels Pressure to Go Green Despite High Costs

Mining operations, which account for 4%-7% of global greenhouse gas emissions, are under pressure to reduce emissions and transition to cleaner energy sources as the demand for critical minerals like nickel and cobalt rises for renewable energy technologies.

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Posted 9/22/2023, 10:53:40 AM

New report shows Bitcoin mining's potential to cut emissions and catalyze energy transition

A report by the Institute of Risk Management concluded Bitcoin mining could reduce global emissions by up to 8% by 2030 by converting wasted methane into less harmful emissions.
The report argued Bitcoin is not just an energy risk but can catalyze energy transition and provide solutions for energy challenges.
Bitcoin mining can contribute to energy efficiency by using miners for electricity grid management and transferring miner heat to greenhouses.
The report presented a more balanced view on Bitcoin's energy use, showing potential benefits for the energy industry.
Experts in the report concluded Bitcoin can be a catalyst for a cleaner, more energy abundant future.

cointelegraph.com

Relevant topic timeline:

8/22/2023

Bitcoin Mining Startup Raises $13 Million to Turn Trash Into BTC - Decrypt

8/29/2023

An Open Letter to President Biden Regarding Bitcoin Mining

9/21/2023

Bitcoin Mining Becoming More Energy Efficient as Hash Rate Rises, Slowing Emissions Growth

9/21/2023

Bitcoin Mining Goes Green: Renewables and Innovation Cut Emissions and Stabilize Grids

10/2/2023

Mining Industry Feels Pressure to Go Green Despite High Costs