Despite it’s image as the world’s greatest polluter, Bitcoin mining is actually the best partner for things like renewable energy demand response programs and waste methane capturing. It is able to balance production and consumption of energy on any scale and can consume discarded energy (like methane at oil wells) in the most barren and remote locations. Blackrock will make this common knowledge because it will make Bitcoin fit in with their ESG packages. A year from now it will be obvious to everyone how Bitcoin’s energy use is one of it’s biggest unique selling points. A nice change from: Bitcoin is melting the polar bears. TLDR: ESG will make Bitcoin rise to $100k and beyond. submitted by /u/michelmx [link] [comments]
Cryptocurrency News & Discussion
Despite it’s image as the world’s greatest polluter, Bitcoin mining is actually the best partner for things like renewable energy demand response programs and waste methane capturing. It is able to balance production and consumption of energy on any scale and can consume discarded energy (like methane at oil wells) in the most barren and remote locations.
Blackrock will make this common knowledge because it will make Bitcoin fit in with their ESG packages. A year from now it will be obvious to everyone how Bitcoin’s energy use is one of it’s biggest unique selling points. A nice change from: Bitcoin is melting the polar bears.
TLDR: ESG will make Bitcoin rise to $100k and beyond.
submitted by /u/michelmx
[link] [comments]