Researchers have found that Bitcoin mining has the potential to help decarbonize energy grids, but certain changes are needed. The analysis highlights the unique characteristics of miners that set them apart from other energy buyers, such as their flexibility of load and waste heat utilization. Miners can help absorb excess power from renewable sources, making them more profitable. They can also monetize stranded natural gas and landfill gas that would otherwise be released as methane. However, challenges remain, including price volatility and regulatory hurdles. Alternative technologies like water desalination and CO2 removal may also contribute to grid decarbonization.
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Bitcoin Mining Could Help Decarbonize Energy Grids, Researchers Say Bitcoin mining can indeed help achieve decarbonization, but faces some stiff practical challenges along the way, researchers find. By Andrew Throuvalas Aug 11, 2023 3 min read Bitcoin and energy. Image: Shutterstock Does Bitcoin mining help or hurt the environment? Blockchai...
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