Discover and read the best of Twitter Threads about #bitcoinminingcouncil

Most recents (1)

#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/
#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/
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/
Read 25 tweets

Related hashtags

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!