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BB Man6d ago
A lot of people reading this thread might walk away thinking the science is settled in favor of Bitcoin mining being environmentally beneficial. That’s not really what the academic literature shows. It’s true that the “energy per transaction” metric is widely criticized because Bitcoin’s energy use is driven by mining competition and hashrate, not by the number of transactions. But pointing that out doesn’t invalidate the broader body of research on Bitcoin’s electricity consumption. The papers cited here didn’t “debunk” environmental concerns. Most of them simply argue that some projections were exaggerated or based on questionable assumptions. That’s normal scientific debate. They don’t conclude that Bitcoin mining is environmentally positive. At the same time, there is emerging research exploring potential upsides such as using curtailed renewable energy, acting as flexible demand for power grids, or reducing methane flaring. Those ideas are being studied, but they’re still case-specific and far from a global consensus. So the reality is more nuanced. The literature doesn’t support the extreme claim that Bitcoin is an environmental disaster, but it also doesn’t support the claim that it’s broadly a climate solution. The impact depends heavily on the energy sources miners use and how mining integrates with local power systems.
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Baerson6d ago
Well sure, but to flip from "butter gonna kill you" to "butter is absolutely fine to cook with" is a life changing reality. That's the point. There's some serious backpedalling to do before we announce how good for the world bitcoin is. A neutral and open ground would be a great way to start.
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Daniel Batten6d ago
Have you read the 24 papers that conclude positive environmental benefits to Bitcoin mining? I have, and here is my conclusion: The literature absolutely does support the claims that bitcoin mining 1. accelerates the green energy transition 2. can profitably mitigate methane 3. can make other technologies (such as green hydrogen) more profitable 4. allows renewable operators 5. can obviate more emission intensive gas peaker plants This is also the consensus of all grid operators who have experimented with Bitcoin mining, and 8 independent reports. If after looking through these papers you come to a different conclusion, happy to have an informed discussion with you about why you came to that different conclusion. If that is a little too much reading (fair enough), I've done a summary of these papers here https://www.linkedin.com/pulse/why-green-energy-transitio… and here https://www.linkedin.com/pulse/changing-narrative-bitcoin… that takes about 15 mins to read.
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