Bitcoin (BTC) Mining Isn’t the Climate Villain Many Think: ESG Expert Says

Bitcoin mining has long been portrayed as harmful to the climate. Many argued that it wastes vast amounts of energy, strains power grids, and undermines global climate goals – claims that have become a common part of public debate. However, this narrative is increasingly being challenged as more data and analysis emerge. Claims that Bitcoin mining wastes energy or destabilizes grids are contradicted by university research and real-world grid data. Debunking Bitcoin Mining Myths ESG expert Daniel Batten has pushed back against misconceptions around Bitcoin mining while saying that many claims are not supported by evidence and persist due to outdated assumptions. In his analysis of Bitcoin and energy use, Batten explained that the idea that Bitcoin uses large amounts of energy, water, or electronic waste per transaction is incorrect, while pointing to multiple peer-reviewed studies and Cambridge University research that have shown BTC’s resource consumption is not driven by...

https://cryptopotato.com/bitcoin-btc-mining-isnt-the-climate-villain-many-think-esg-expert-says/