Quantifying The Potential Impact Of Bitcoin Mining On Global Methane Emissions

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By September 27, 2022 14:02

Quantifying The Potential Impact Of Bitcoin Mining On Global Methane Emissions

Using Bitcoin mining to combust leaking methane sources can eliminate 5.32% of all global emissions by 2045. This represents 23% of all global methane emissions: more than half the UNEP’s targeted reduction of methane of 45% by 2045. That means that Bitcoin mining has the potential to avoid nearly 0.15% of warming by 2045. This excludes other uses of Bitcoin such as facilitating the renewable buildout of the grid and is based purely on its ability to reduce leaking methane emissions. Reducing methane emissions is the fastest way to reduce global warming and complements CO reduction strategies. Bitcoin mining is currently the only way of reducing these methane emissions which is both technologically feasible, and does not require significant behaviour change in order to work. Bitcoin mining is also currently the only way to combust leaking methane that is both economically and logistically feasible without carbon credits or the governments of major industrialized nations needing to issue tax incentives and funding in unison. Bitcoin mining has shown early evidence of being able to scale with an exponential growth rate. 

OpinioPro Selection
By September 27, 2022 14:02

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