Bitcoin Mining Could Boost Renewable Energy Growth, New Study Finds
• New Cornell study finds Bitcoin mining could support renewable energy development and climate change mitigation • Mining during precommercial phase of wind/solar farms could generate millions in profits to reinvest into more renewables • Texas renewables projects alone could generate $47M in Bitcoin mining profits • Researchers recommend economic incentives for environmentally-friendly crypto mining, like carbon credits • Profits from mining could create "self-sustaining cycle" of renewable energy expansion if returned to infrastructure development