Advertisement
Guest User

Untitled

a guest
Nov 17th, 2024
1,456
0
Never
Not a member of Pastebin yet? Sign Up, it unlocks many cool features!
text 3.46 KB | None | 0 0
  1. The scientific consensus, 10 or the last 11 Peer reviewed academic publications on Bitcoin & Energy show Bitcoin has strong environmental benefits. Here they are.
  2.  
  3. 1. How Bitcoin Can Support Renewable Energy Development and Climate Action
  4. (Cornell University)
  5.  
  6. source: pubs.acs.org/doi/10.1021/ac…
  7.  
  8. Key Findings:
  9. Bitcoin mining helps renewable developers generate more profits that is typically re-invested, accelerating the renewable transition
  10.  
  11. 2. Bitcoin’s Carbon Footprint Revisited: Proof of Work Mining for Renewable Energy Expansion
  12.  
  13. source: mdpi.com/2078-1547/14/3…
  14.  
  15. Key Findings:
  16. [our research finding support] "a possible role for Bitcoin mining in promoting grid decarbonization" through effective demand response
  17.  
  18. 3. Promoting rigor in blockchain energy and environmental footprint research: A systematic literature review
  19.  
  20. source: sciencedirect.com/science/articl…
  21.  
  22. Key Findings:
  23. Reveals fundamental flaws in the work of Alex de Vries/Digiconomist (heavily quoted by mainstream media)
  24.  
  25. 4. Bitcoin and Its Energy, Environmental, and Social Impacts
  26.  
  27. source: lnkd.in/gKjMcMJe
  28.  
  29. Key Findings:
  30. "There is "transformative potential in the Bitcoin mining sector, especially regarding demand response, grid flexibility, and methane mitigation"
  31.  
  32. 5. Drivers of Bitcoin Energy Use and Emissions
  33. Hass McCook (Oxford, Conference Paper)
  34.  
  35. source: mdpi.com/2078-1547/14/4…
  36.  
  37. Key Findings:
  38. With greater machine efficiency & more sustainable energy sources, Bitcoin mining's emissions has likely already peaked and is now trending downwards
  39.  
  40. 6. Pairing crypto mining with green hydrogen offers clean energy boost
  41.  
  42. source: sciencedaily.com/releases/2024/…
  43.  
  44. Key Finding:
  45. Bitcoin mining with green hydrogen makes wind farms 73% more profitable
  46.  
  47. 7. Can bitcoin mining increase renewable capacity?
  48.  
  49. source: sciencedirect.com/science/articl…
  50.  
  51. Key Findings:
  52. Bitcoin mining
  53. * can increase renewable energy penetration
  54. * increases emissions, but combined with demand response adds net zero additional emissions
  55. * obviates need for gas peaker plants
  56.  
  57. "When Bitcoin miners provide ... demand response, their emissions impact is largely mitigated."
  58.  
  59. 8. Cryptocurrency mining as a novel virtual energy storage system in islanded and grid-connected microgrids
  60.  
  61. source: sciencedirect.com/science/articl…
  62.  
  63. Key Findings:
  64. Microgrids (MGs) which are not using Bitcoin Mining waste significant amounts of renewable energy. However using Bitcoin mining
  65.  
  66. * stops almost all renewable energy waste
  67. * reduces MG costs by 46%
  68. * accelerates MG development
  69. * decarbonizes power production
  70.  
  71. 9. High resolution modeling and analysis of cryptocurrency mining’s impact on power grids: Carbon footprint, reliability, and electricity price
  72.  
  73. source: sciencedirect.com/science/articl…
  74.  
  75. Key findings:
  76. 1. Mining loads participation in demand response mitigates market disruptions.
  77. 2. Mining loads’ flexibility increases grid reliability and stability
  78.  
  79. 10. An integrated landfill gas-to-energy and Bitcoin mining framework
  80.  
  81. source: sciencedirect.com/science/articl…
  82.  
  83. Key Findings:
  84. Bitcoin mining can profitably reduce landfill methane, where other technologies cannot
  85.  
  86. In summary: 10 out of the last 11 papers on Bitcoin mining show clear environmental benefits.
  87.  
  88. If you want to keep maintaining that Bitcoin is bad for the environment despite overwhelming evidence to the contrary, you should know that the scientific consensus does not support your position.
Advertisement
Add Comment
Please, Sign In to add comment
Advertisement