2024

Bitcoin

THIS

<h4><strong>This study counters the longstanding narrative that Bitcoin mining exacerbates environmental degradation. </strong></h4> 
<p>Instead, it suggests mining could crucially reduce methane emissions and turn waste into economic value.</p> 
<h5><strong>Bitcoin Mining: Turning Waste into Wealth and Reducing Emissions</strong></h5> 
<p>According to <a href="https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4810964" target="_blank" rel="noopener">Greenpeace</a>, Methane, a potent greenhouse gas, impacts global warming 25 times more than carbon dioxide over 100 years. It is often released from agricultural activities, landfills, and unused natural gas during oil extraction. These vented methane emissions are a missed opportunity for energy use and a substantial hazard to our climate. Their research highlights how Bitcoin mining infrastructure can be uniquely positioned to utilize this excess methane effectively.</p> 
<p>Using methane for mining operations, Bitcoin incentivizes capturing this otherwise wasted gas. This approach also helps significantly reduce the environmental impact of methane emissions. The paper suggests that switching just 1% of the <a href="https://www.altcoinbuzz.io/?s=bitcoin" target="_blank" rel="noopener">Bitcoin</a> network to vented methane power could yield significant environmental benefits. This change could eliminate the greenhouse gas impact equivalent to driving 9 billion miles in a gasoline-powered vehicle.</p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">MASSIVE BRREAKING: New research co-authored by a former Greenpeace activist and an environmental economist (Ph.D.) confirms that <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> mining is a powerful tool to cleanup the environment and mitigate methane emissions.</p> 
 <p>THIS PAPER SHOWS THAT:<br><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f30e.png" alt="🌎" class="wp-smiley" style="height: 1em; max-height: 1em;">Bitcoin is good for the… <a href="https://t.co/GU5Xu6yfrb">pic.twitter.com/GU5Xu6yfrb</a></p> 
 <p>— Dennis Porter (@Dennis_Porter_) <a href="https://twitter.com/Dennis_Porter_/status/1787905519140880583?ref_src=twsrc%5Etfw">May 7, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p>The implications of these findings are profound. Bitcoin mining is often criticized for its high energy consumption. However, it can redirect harmful gases away from the atmosphere, transforming an environmental liability into an asset. This process not only cleans up the air by reducing methane levels but also converts these emissions into a valuable commodity. It provides a viable and profitable use case for flared gas.</p> 
<h5><strong>More About Greenpeace’s Research</strong></h5> 
<p>Moreover, the <a href="https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4810964" target="_blank" rel="noopener">research</a> underscores the potential for Bitcoin to fund methane cleanup operations. With the appropriate infrastructure, operators can harness methane to generate electricity, which in turn powers Bitcoin mining rigs. This creates a sustainable model where environmental cleanup is directly linked to Bitcoin generation. It provides a financial model that could support and scale such initiatives globally.</p> 
<p>This study serves as a crucial pivot in the discussion around cryptocurrency and its environmental impact. By demonstrating how Bitcoin mining can align with ecological goals, it challenges critics and reshapes the dialogue about the role of digital currencies in sustainable practices.</p> 
<p><a href="https://www.patreon.com/altcoinbuzz" target="_blank" rel="noopener"><img decoding="async" class="aligncenter wp-image-124240" src="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-300x37.jpg" sizes="(max-width: 714px) 100vw, 714px" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-300x37.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-1024x127.jpg 1024w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-768x95.jpg 768w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-696x86.jpg 696w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-1068x132.jpg 1068w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1.jpg 1197w" alt="Coins" width="714" height="88"></a></p> 
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<h6><strong>Disclaimer</strong></h6> 
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/greenpeace-study-bitcoin-mining-cuts-methane-emissions/">Greenpeace Study: Bitcoin Mining Cuts Methane Emissions</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

Greenpeace Study: Bitcoin Mining Cuts Methane Emissions

Altcoin Buzz

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