Bitcoin and Environmentalism

General
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#1

“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.”

While instinctually counterintuitive, bitcoin mining can actually be a net good when it comes to its environmental impact (among other net goods it offers).

2 Likes
#2

“Although the comparisons are not like-for-like, and with only Bitcoin’s scope of energy use and emissions being 100% defined, we can say that Bitcoin consumes/emits less than half of what the gold mining industry does, and less than one-fifth of what bank branches and ATMs do.”
https://www.nasdaq.com/articles/a-comparison-of-bitcoins-environmental-impact-with-that-of-gold-and-banking-2021-05-04