, bitcoin mining stabilizes the electrical grid by absorbing any excess energy created, thus improving the operational efficiency of power plants and lowering energy prices for consumers.Bitcoin appears to be one of the few sectors, both in the U.S. and globally, that does not have coal as its primary energy source. Afound that because much of BTC mining relies so heavily on off-grid power sources, 52.2% of the Bitcoin network is powered by zero-emission energy.
Compare that to the main electrical grid in the U.S., in which only 36.7% comes from zero-emission sources. That means that nearly every other major industry within the U.S. relies on a grid that’s nearly two-thirds powered by fossil fuels.In addition to relying mostly on clean energy, the Bitcoin network is far more energy efficient than legacy financial systems. Bitcoin mining accounts for less
bmunst Onrampinvest The science is clear!
bmunst Onrampinvest if they just plant 1 tree in the mining warehouse it will be a net negative, right pierre?
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bmunst Onrampinvest If you net out all the ‘carbon intensive activity’ that the Bitcoin network can and will replace then you know it ends a net benefit on that metric
bmunst Onrampinvest $Btc could exclude all the power used by the banking system arround the world. I think it worth to be estimated.
bmunst Onrampinvest $ewt ?
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