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#Bitcoin mining punches above its weight class wrt renewables adoption
It's also better able to transition to low carbon vs traditional industry
👇🏼🧵 will dive into:
🔸️how miners are decarbonizing
🔸️what's carbon negative vs neutral
🔸️context wrt trad industry
1/
It's also better able to transition to low carbon vs traditional industry
👇🏼🧵 will dive into:
🔸️how miners are decarbonizing
🔸️what's carbon negative vs neutral
🔸️context wrt trad industry
1/
#Bitcoin mining is unique: it's the only industry w/ an industrial footprint that produces a digital good. Further, production cost cannot be passed to consumers
As such, mining is an energy intense trade exposed industry like steel or cement, & locates where most competitive
2/
As such, mining is an energy intense trade exposed industry like steel or cement, & locates where most competitive
2/
Green makes economic sense: energy & carbon emissions are cost centers
Green mining is accelerating b/c it has a competitive edge
✅ Lower marginal cost of power
✅ Added revenue streams (heat, byproducts)
❌ No carbon costs
Similar to trad industry, mining is decarbonizing
3/
Green mining is accelerating b/c it has a competitive edge
✅ Lower marginal cost of power
✅ Added revenue streams (heat, byproducts)
❌ No carbon costs
Similar to trad industry, mining is decarbonizing
3/
