Bitcoin’s Green Potential: Energy Consumption Does Not Equal Carbon Emissions

Bitcoin’s Green Potential: Energy Consumption Does Not Equal Carbon Emissions

While detractors often cite Bitcoin’s energy consumption as a negative, this doesn’t automatically imply environmental impact.Bitcoin mining has long been singled out for its contribution to rising global carbon emissions. Fortunately for the pioneering cryptocurrency, many of these critiques are based on faulty assumptions and predictions divorced from an understanding of the built-in energy-seeking incentives native to Bitcoin, and underplaying the positive impact it has now and may have in the future for billions of global citizens. While it is true that the global Bitcoin network does....


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