New Study Shows Bitcoin Mining Is astonishingly GREEN and Environmentally Friendly

Bitcoin Mining has long been heralded by main-stream-media as a huge drain on the planets energy resources and will cause sea levels to riseWell, nothing could be further from the truth, as recent studies show that the Bitcoin networking and Bitcoin mining is powered by up to 77% renewable energy.

Why is this? Because Bitcoin mining is self-incentivised as a free market mechanism to encourage miners to seek out cheaper electricity to increase profit margins! Where do you get cheap electricity? Excess from renewable power sources, i.e. Wind farms, solar, and hydro.

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⛓ Links
https://www.sciencedaily.com/releases/2019/06/190613104533.htm
https://www.ucsusa.org/global-warming/science-and-impacts/science/each-countrys-share-of-co2.html
https://www.theblockcrypto.com/2018/11/30/coinshares-report-renewable-energy-accounts-for-77-6-of-total-bitcoins-energy-usage/

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Comment (5)

  1. And with the produced Heat of the Mining Rigs you can heat the entire Houses of Sibiria. Don't waste the Heatit can save a Lot of Gas and Oil. There is no Carbon Footprint of Bitcoin when People wake up!

  2. I don't agree with the science of 'climate change' anyway, but I'd be interested to know the carbon figure for the production, continuous redistribution, and recycling/destruction of all the world's fiat currency. I bet that's an astronomical figure.

  3. Bitcoin was originally created as an alternative, decentralized payment method,it was low-cost and almost instantaneous. An added benefit for merchants (less so for users) was that it was irreversible, removing the threat of expensive charge-backs.Recently bitcoin seems to have assumed the role of investment asset, as traders, institutional investors and small savers have woken up to the potential gains from price appreciation.I had always wonder how people make money from trading bitcoin.I watch several videos online until i came alone one with much recomendational comment of Mr Benjamin Jackson. So, I contacted him even though I was skeptical, Behold I have made 3Btc in 1 months with his working strategies, if you have lost so much during fall or want to increase your portfolio like me, Reach him on *Email/hangout (BENJAMINJACKSONTV@GMAIL .COM) or TELEGRAM +1(551)257-4137. Thank me later.

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