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So much for environmental sinners - bitcoin mining can contribute to climate protection

 


Bitcoin ( BTC ) is often criticized for the fact that mining the market-leading cryptocurrency is particularly energy-intensive and therefore harmful to the environment. However , a new study by Arcane Research now shows that the dismantling of the crypto market leader has the potential to contribute to climate protection on several levels.

First, Arcane analysts note that miners' reaction costs are relatively low compared to other industries, making it all the more convenient for miners to work with renewable energy sources, such as wind power and solar power, which are often highly volatile. Data centers or production facilities such as steel mills are nowhere near as flexible in adapting their energy requirements as mining centers. In the case of the latter, the efficiency in the use of green energy is therefore significantly higher.

In addition to this high flexibility, Bitcoin mining can also help to solve the problem of "gas flaring". In this process, excess natural gas deposits that are produced during oil production are flared off


According to Arcane, the high mobility of mining rigs means that they can easily be set up in the immediate vicinity of oil production stations. According to the experts’ calculations, “per USD 1,000 invested, 6.32 tons of CO2 per year” could be saved through Bitcoin mining. With a corresponding investment in wind or solar energy, on the other hand, only 1.3 tons or 0.98 tons would be saved.


The mining of the market-leading cryptocurrency can make a further contribution to climate protection by using the by-product heat to heat private households, factories or other facilities in winter. A pretty relevant application, because almost 40% of global CO2 emissions are generated by heating.


Recycling the heat from Bitcoin mining would have numerous advantages, above all heating costs and operating costs can be reduced.


The results of the study are all the more interesting because the euro zone is currently struggling with record inflation of 9.1% , which is not least due to the gas and energy crisis.

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