Bitcoin, the world's first decentralized digital currency, has been embroiled in a persistent debate regarding its environmental footprint. However, it is crucial to clarify that energy usage does not inherently lead to environmental harm. According to the Cambridge Centre for Alternative Finance, bitcoin's annual energy consumption amounts to a substantial 129.45 TWh, comparable to that of entire countries. Yet, this comparison often leads to misunderstandings about the true nature of bitcoin's environmental impact.
In fact, the CCAF has determined that the bitcoin industry uses a significant amount of renewable energy, sometimes more than half, depending on the jurisdiction. This is a testament to the industry's commitment to sustainability and its potential role in the green revolution.
Furthermore, it's a common trend for technologies to start off with a high level of inefficiency, including a larger emissions footprint. Over time, these technologies evolve and become more efficient, reducing their environmental impact. This pattern is evident in various technologies, such as solar power or EV's, which initially had a higher emissions output that has been progressively reduced.
rest of the article:
https://www.forbes.com/sites/digital-assets/2023/07/07/everything-you-need-to-know-about-bitcoin-and-the-environment/?sh=6168e16046fcWhat do you think?