3 ms·
Bitcoin can be carbon neutral but it has a long way to go. Energy usage itself is not a bad thing, it’s the energy source that can be environmentally problemati
by washedup 6y ago
Bitcoin can be carbon neutral but it has a long way to go.
Energy usage itself is not a bad thing, it’s the energy source that can be environmentally problematic.
Currently 39% of mining power is driven by renewables [1]. It’s not much but a good start.
The simplest solution to speed this up would be to create a law requiring that all mining must use renewable sources (or at least tax those that don’t). It would drive innovation, jobs, and make locations with renewable sources competitive places to live.
[1] https://www.jbs.cam.ac.uk/faculty-research/centres/alternative-finance/publications/3rd-global-cryptoasset-benchmarking-study https://www.jbs.cam.ac.uk/faculty-research/centres/alternati...