I was reading an article which explains that bitcoin might be able to run on a clean energy technology to avoid claims such as bitcoin uses a lot of energy which increases the global energy consumption.
It says that bitcoin can run its functions using decarbonized energy systems and is merely being over criticized. While other industries are producing the most carbon emission, the critics are after bitcoin!
My question is that what other forms of energy is bitcoin using for its mining?
Are there any other possible solutions to decrease bitcoin’s energy consumption?
https://theconversation.com/stop-worrying-about-how-much-energy-bitcoin-uses-97591
It says that bitcoin can run its functions using decarbonized energy systems and is merely being over criticized. While other industries are producing the most carbon emission, the critics are after bitcoin!
My question is that what other forms of energy is bitcoin using for its mining?
Are there any other possible solutions to decrease bitcoin’s energy consumption?
https://theconversation.com/stop-worrying-about-how-much-energy-bitcoin-uses-97591
Bitcoin miners are strictly profit-motivated and are looking for the cheapest energy.
I studied the mining sector and the energy sector. You can find my study bellow:
https://medium.com/@jcbusnel/bitcoin-as-an-environmental-subsidy-to-alternative-energy-1e91c427ab9e
