Stop overpaying - start transferring money with Ogvio. Sign up, invite friends & grab Rewards now! 🎁
Bitcoin Mining Helps Power Grids and Cuts Emissions, Says ESG Analyst
Key Takeaways
- Bitcoin’s energy use does not scale with transactions, peer-reviewed studies show its resource demand stays stable despite volume;
- Mining supports renewable grids by flexibly adjusting demand and even uses wasted energy, improving grid stability;
- Bitcoin uses over 50% renewable energy, helps reduce methane emissions, and unlocks new access to clean power, such as in Africa.
An ESG specialist, Daniel Batten, shared a post on X on December 27 that addressed several common misconceptions about Bitcoin
One misconception is that Bitcoin uses excessive resources per transaction, including energy, water, and electronic waste. Batten clarified that four peer-reviewed papers show resource demands do not rise with transaction volume.
Another belief is that Bitcoin mining harms power grids. In contrast, Batten noted that mining supports grid stability by adjusting demand, particularly in regions that rely heavily on renewable energy, such as Texas.
Did you know?
Subscribe - We publish new crypto explainer videos every week!
NEAR Protocol Explained: Beginner's Guide to NEAR (Animated)
Some assert that Bitcoin's carbon footprint is high. Batten argued this is misleading because mining has no direct emissions, only those from electricity generation (scope‑2 emissions).
He emphasized that Bitcoin is unique in having reliable third‑party data showing it has surpassed a 50% renewable energy usage rate.
Critics often argued that proof‑of‑stake Ethereum
There is a claim that renewable energy used by mining is taken from others. Batten explained that Bitcoin mining has enabled access to new renewable energy sources.
He cited the Gridless project in Africa, which provides sustainable energy to about 28,000 people.
Finally, Batten said mining helps avoid energy waste by utilizing more than 90% of solar and wind output in some studies. He added that labeling energy use as "waste" is a subjective judgment that depends on whether it benefits humanity.
Meanwhile, Canaan and SynVista Energy are developing an AI-driven platform linking renewable power with Bitcoin mining. What is the goal of the collaboration? Read the full story.