EXCLUSIVE: Bitcoin miner CleanSpark_Inc has sold the first clean bitcoin on-chain asset minted in partnership with SustainableBTC. egreechee reports
In the pilot transaction, each SBC was sold for $980, based on the additional costs incurred for a bitcoin miner to mine a single coin, said Elliot David, head of climate strategy and partnerships at SBP, in an email to CoinDesk.
The SBC was sold"with a discount to the market price because this was the first transaction of its kind. Based on today’s bitcoin energy consumption levels, we estimate that SBC would sell now for approximately $1,150, which is roughly a 5% revenue add to a miner’s bottom line," if they're using 100% clean energy, David said.natural gas that would otherwise be wasted
. The protocol may also invest in and retire other renewable energy credits to address the historic energy use of the network. The transaction is a"seminal moment for the bitcoin industry," said Wu Jihan, one of the co-founders of mining machine behemoth Bitmain, who now runs cloud mining firm
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