Bitcoin Mining's Energy Use Scrutinized, But Innovations and Clean Energy Integration Ongoing
• New study claims Bitcoin transactions are causing global water shortage by using enough water to fill backyard pools • Report is misleading - water used for mining cooling is not consumed and mining often utilizes excess hydro power • Bitcoin mining is becoming more sustainable with innovations like hydro-cooling and waste gas usage • Studies show Bitcoin mining can support renewable energy growth and improve power grid flexibility • Research found Bitcoin clean energy usage has exceeded 50% - not as detrimental to environment as critics claim