The
following
is
a
guest
post
from
Shane
Neagle,
Editor
In
Chief
from
The
Tokenist.Yet
Greenpeace
itself
could
launch
such
a
shift,
given
that
Bitcoin’s
open-source
code
is
available
to
all.
The
problem
is
that
without
a
network
and
market
interest,
such
a
tweak
would
be
meaningless.
In
the
meantime,
over
50%
of
the
Bitcoin
network
draws
power
from
renewable
sources.
According
to
Daniel
Batten’s
research
via
Batcoinz,
most
of
it
comes
from
hydro,
wind,
solar,
and
nuclear.
Not
only
did
Bitcoin
step
onto
the
majority-green
territory,
but
it
has
been
acknowledged
as
a
key
ingredient
in
balancing
power
networks.
Namely,
the
Electric
Reliability
Council
of
Texas
(ERCOT)
pays
large
Bitcoin
mining
companies,
such
as
Bitdeer
and
Riot
Platforms,
to
stabilize
the
grid
during
anomalous
conditions
such
as
heat
waves.
As
recently
as
June
13th,
ERCOT
recommended
that
Bitcoin
mining
be
directly
integrated
as
a
Controllable
Load
Resource
(CLR)
to
boost
power
grid
balancing.
Additionally,
there
is
an
increasing
trend
for
Bitcoin
miners
to
use
flared
gas
from
oil
drilling
operations.
Otherwise
wasted
and
burned
off,
this
byproduct
can
be
captured
to
power
Bitcoin
mining
rigs.
Now
that
BlackRock,
the
main
driver
of
the
ESG
framework,
is
pushing
Bitcoin,
this
is
a
clear
signal
to
institutional
investors
that
the
“dirty
Bitcoin”
narrative
is
a
bygone
concern.
Block
has
yet
to
reveal
its
100%
solar-powered
mining
facility
in
West
Texas.
However,
multiple
Bitcoin
mining
companies,
such
as
Bitfarms,
Iris
Energy,
TeraWulf,
and
CleanSpark,
have
already
transitioned
to
near-zero
carbon
footprints.
With
nuclear
power
on
the
horizon
due
to
AI
data
center
demands,
investors
should
expect
even
greater
greening
of
Bitcoin
operations.
And
in
the
likelihood
of
Donald
Trump’s
victory
in
the
next
presidential
elections,
Bitcoin
sustainability
concerns
will
further
fade
away.
Conclusion
In
2022,
Messari
noted
that
gold
mining
produces
three
times
as
many
carbon
emissions
as
Bitcoin.
Since
then,
Bitcoin
has
outperformed
gold
ETF
capital
inflows
by
an
even
greater
magnitude.
It
turns
out
that
there
is
great
value
to
be
found
in
an
asset
that
cannot
be
tampered
with
on
a
practical
level
and
is
not
controlled
by
anyone.
Rather,
Bitcoin
is
enforced
by
ingenious
cryptography,
tethering
code
to
hardware
assets
and
energy.
With
capital
damn
broken,
and
access
to
Bitcoin
exposure
put
on
the
same
level
as
any
other
stock,
it
is
a
race
to
new
highs
and
new
lows
to
buy
the
dip.
Building
from
the
experience
of
other
blockchain
networks
and
mining
companies,
the
tech
is
readily
available
to
tap
into
this
growing
ecosystem.
Go to Source
Author: Shane Neagle
