It’s possible that in a few years, bitcoin mining might prevent more carbon from entering the atmosphere than the carbon emitted from creating the electricity it takes to power the network. Opinion by bmunst of Onrampinvest
, bitcoin mining stabilizes the electrical grid by absorbing any excess energy created, thus improving the operational efficiency of power plants and lowering energy prices for consumers.Bitcoin appears to be one of the few sectors, both in the U.S. and globally, that does not have coal as its primary energy source. Afound that because much of BTC mining relies so heavily on off-grid power sources, 52.2% of the Bitcoin network is powered by zero-emission energy.
Compare that to the main electrical grid in the U.S., in which only 36.7% comes from zero-emission sources. That means that nearly every other major industry within the U.S. relies on a grid that’s nearly two-thirds powered by fossil fuels.In addition to relying mostly on clean energy, the Bitcoin network is far more energy efficient than legacy financial systems. Bitcoin mining accounts for less
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