Bitcoin could become a zero-emission network: Report

Bitcoin mining with flared gas and animal waste could help the world's largest cryptocurrency become a currency zero emissions.

A pro-Bitcoin mining report by self-proclaimed philanthropist Daniel Batten claimed that Bitcoin could become a zero-emissions network.

The report draws on data from the Bitcoin Mining Council to understand the impact of carbon negative energy sources on the overall carbon footprint of Bitcoin (BTC). After investigating and extrapolating the results, he then claims to "predict when the entire Bitcoin network will become a zero-emission network".

But how does the grid become carbon negative? Simply put, by burning stranded methane gas to extract BTC that would otherwise have been emitted into the atmosphere. The study finds that this process, which is already happening around the world, reduces grid emissions by 63%.

“This means that the 1.57% of the Bitcoin network using negative carbon sources has a -4.2% impact on the carbon intensity of the Bitcoin network.”

The study uses data from various BTC flare gas miners, including Crusoe Energy in Colorado, Jai Energy in Wyoming, and Arthur Mining in Brazil. It also discusses miners using waste gas from animal waste - such as those in Slovakia - to illustrate that Bitcoin mining can have a positive impact on the environment by preventing the emission of harmful methane gas.

As central bankers and the mainstream media continue to attack Bitcoin's energy-intensive mining process, it looks like mining could be a viable route to reducing emissions. According to a report