Oh wow.
Just did a calculation. Based on JW Minings discovery that bitcoin mining increases renewable profitability by 12% - Bitcoin is ALREADY decarbonizing 28 mega tonnes of CO2e each year. Considering the network has scope2 emissions of 35 mega tonnes CO2e per year, the network is close to carbon neutral already based on ERCOT grid decarbonising alone.
Assumptions: 80% of renewable profit is reinvested into further renewable development.
You heard it on Nostr first.
dsbatten / Daniel Batten
npub13l…4lpsy
2023-04-28 03:33:06
Author Public Key
npub13lkyycj8s3da6fhndtj0wd6s3s2ahmq86s7wrruvzd4tnc66cgfqn4lpsyPublished at
2023-04-28 03:33:06Event JSON
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"content": "Oh wow. \n\nJust did a calculation. Based on JW Minings discovery that bitcoin mining increases renewable profitability by 12% - Bitcoin is ALREADY decarbonizing 28 mega tonnes of CO2e each year. Considering the network has scope2 emissions of 35 mega tonnes CO2e per year, the network is close to carbon neutral already based on ERCOT grid decarbonising alone. \n\nAssumptions: 80% of renewable profit is reinvested into further renewable development. \n\nYou heard it on Nostr first.",
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