Thread
1/10
This chart says “Bitcoin is even better for the environment than we thought”
This chart says “Bitcoin is even better for the environment than we thought”
2/10
In fact, mining #Bitcoin off vented methane takes 13x more emissions out of the environment than coal puts into it.
That’s why Bitcoin mining can reduce 0.15°C of #climatechange
Source: batcoinz.com/quantifying-the-potential-impact-of-bitcoin-mining-on-global-methane-emissions/
In fact, mining #Bitcoin off vented methane takes 13x more emissions out of the environment than coal puts into it.
That’s why Bitcoin mining can reduce 0.15°C of #climatechange
Source: batcoinz.com/quantifying-the-potential-impact-of-bitcoin-mining-on-global-methane-emissions/
3/10
When you use gas that would have stayed in a pipeline, it’s carbon positive.
When you use methane gas that would have escaped into the air to power electricity generation, its carbon negative.
That’s because methane is 80 times more warming than CO2.
When you use gas that would have stayed in a pipeline, it’s carbon positive.
When you use methane gas that would have escaped into the air to power electricity generation, its carbon negative.
That’s because methane is 80 times more warming than CO2.
4/10
Bitcoin isn’t the only user who can capture and combust vented methane for fuel. But they are the only one who ticks all 6 boxes.
That’s why in 50 years of landfills, 99% of that potential power has been squandered heating up the earth.
Bitcoin isn’t the only user who can capture and combust vented methane for fuel. But they are the only one who ticks all 6 boxes.
That’s why in 50 years of landfills, 99% of that potential power has been squandered heating up the earth.
5/10
These 6 criteria are like 6 parts of a bridge.
A 5/6 complete bridge is useless.
Bitcoin is the only energy user who fulfils all 6 criteria.
That means Bitcoin miners can start mitigating methane today and scale fast
These 6 criteria are like 6 parts of a bridge.
A 5/6 complete bridge is useless.
Bitcoin is the only energy user who fulfils all 6 criteria.
That means Bitcoin miners can start mitigating methane today and scale fast
6/10
Use of flared gas to power Bitcoin mining is growing at ~8.3 MW/month since May ’21.
If use of vented gas to power Bitcoin mining grows at just 6.9 MW/month – the Bitcoin network will become Carbon Negative in Dec ’24.
source: batcoinz.com/50-landfills-mining-bitcoin-a-zero-emission-bitcoin-network/
Use of flared gas to power Bitcoin mining is growing at ~8.3 MW/month since May ’21.
If use of vented gas to power Bitcoin mining grows at just 6.9 MW/month – the Bitcoin network will become Carbon Negative in Dec ’24.
source: batcoinz.com/50-landfills-mining-bitcoin-a-zero-emission-bitcoin-network/
7/10
187.1 MW of power is all it takes.
That’s around 50 landfills
That's a tiny portion of what exists.
In the US alone, there are 1400 landfills that are venting directly into the atmosphere (that's just the registered ones we know about)
Source: batcoinz.com/50-landfills-mining-bitcoin-a-zero-emission-bitcoin-network/
187.1 MW of power is all it takes.
That’s around 50 landfills
That's a tiny portion of what exists.
In the US alone, there are 1400 landfills that are venting directly into the atmosphere (that's just the registered ones we know about)
Source: batcoinz.com/50-landfills-mining-bitcoin-a-zero-emission-bitcoin-network/
8/10
Zooming out – if by 2030, just ¼ of Bitcoin’s power was coming from vented methane, that would be enough to make the network carbon negative more than 10x over
It would be enough to reduce 2% of all global CO2-eq emissions
source: batcoinz.com/how-much-faster-must-bitcoin-grow-to-meet-half-the-unep-methane-reduction-target/
Zooming out – if by 2030, just ¼ of Bitcoin’s power was coming from vented methane, that would be enough to make the network carbon negative more than 10x over
It would be enough to reduce 2% of all global CO2-eq emissions
source: batcoinz.com/how-much-faster-must-bitcoin-grow-to-meet-half-the-unep-methane-reduction-target/
9/10
Combusting atmosphere-bound methane is recognized carbon capture, and recognized carbon negative
Perhaps one day there will more users who can do this profitably
Til then – Bitcoin and Ethereum are the only ones who can do it at scale
Combusting atmosphere-bound methane is recognized carbon capture, and recognized carbon negative
Perhaps one day there will more users who can do this profitably
Til then – Bitcoin and Ethereum are the only ones who can do it at scale
10/10
… Ethereum loses that ability the minute it stops using Proof of Work (wont use enough energy to mitigate methane at scale)
Leaving Bitcoin+smaller POW cryptocurrencies uniquely placed to reduce 0.15°C of climate change by using carbon negative energy
LFG= Landfill Gas
… Ethereum loses that ability the minute it stops using Proof of Work (wont use enough energy to mitigate methane at scale)
Leaving Bitcoin+smaller POW cryptocurrencies uniquely placed to reduce 0.15°C of climate change by using carbon negative energy
LFG= Landfill Gas
