The post Bitcoin Mining Emissions – Surprise New Research Findings appeared on BitcoinEthereumNews.com.

As the need to be more eco-friendly becomes ever more apparent, cryptocurrencies have often been sharply criticized for their environmental impact. Being the most well-known of them, Bitcoin has inevitably become tainted with a reputation for the high resource usage required for Bitcoin mining, However, newly released research might paint a slightly different picture and could start changing perceptions around these issues. This would be very good news for the millions of people who use Bitcoin, whether as an investment tool, a trading device, or as an alternative payment option to fiat currency. Swathes of young, environmentally conscious gamers have probably had to deal with a fair degree of cognitive dissonance while funding their accounts with Bitcoin, or using it for in-game transactions. The same could be said of eager music fans using it to top up their iTunes subs. The numbers also include iGamers who’ve come to prefer its ability to enable faster payouts and more secure transactions at crypto casinos when playing niche games like Lucky Spins, Keno, or Sic Bo online. No matter what you use it for, despite all the negative environmental connotations associated with Bitcoin mining, now there could be a panacea for that. A Bitcoin Policy Institute study aims to show that by using renewable energy sources, moving locations, and continuing to innovate, Bitcoin mining is actually contributing to a reduction in carbon emissions. It argues that rather than being as harmful to the environment as most people have been led to believe, it can actually help combat global warming. Could Bitcoin Really Be Environmentally-Friendly? The study would suggest that beyond using fewer non-renewable resources than was previously thought, Bitcoin mining can make a positive environmental contribution in other ways too. Boldly titled “How Bitcoin Mining Reduces Carbon Emissions“, it clearly makes no bones…

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Filed under: News - @ September 10, 2024 12:22 pm