A groundbreaking new study shows that Bitcoin mining is the most effective way to accelerate rollout of solar panels across the world’s cities:
More effective than using either subsidies or Batteries by an order of magnitude.
Let's dive in
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40-60% of people in cities in the West live in apartments (Higher in EU)
source:
Until now, there's been no easy way to have apartment owners install solar panels, so most apartments don't have them. landgeist.com/2021/08/20/peo…
Apr 28 • 12 tweets • 4 min read
Cambridge has just released their updated report on Bitcoin mining
For the first time, their report shows that most (52.4%) of the Bitcoin network is now powered by zero emission energy sources (up from 37% in their last report)
Here's a summary of their findings👇
Firstly, this report improves on previous reports by including detailed surveys of 49 Bitcoin mining companies.
Previous reports assumed that Bitcoin mining happened ongrid, and was also based on a time when a lot of (fossil fuel based) mining happend in China or Kazakhstan
Feb 14 • 10 tweets • 2 min read
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Waited 34 months for this moment!
In March '22 I said that Bitcoin mining helps avoid expensive grid upgrades and decarbonize grids, a lot of non-Bitcoiners were skeptical
Now, a Duke University Report confirms all this and more
"To the extent a new load can temporarily curtail its electricity consumption from the grid during these peak stress periods, it may be able to connect while deferring—or even avoiding—the need for certain [grid] upgrades"
Dec 28, 2024 • 17 tweets • 19 min read
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You've read many times Bitcoin is bad for the environment. But now you're confused. The media, sustainability magazines, even peer reviewed journals are saying it can support climate action.
Next-level greenwash?
There a reason the message has changed. Let's dive in
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2/17
The change in message has less to do with Bitcoin than something psychologists call "negativity bias"
Imagine it's 100,000BCE. You see an animal silhouette on the horizon. Is it your food, or you're it's food?Negativity bias says "assume in the negative and run!" (away)
Jul 2, 2024 • 10 tweets • 6 min read
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10 images that forever changed our perceptions about Bitcoin and energy
1. Rhodes et al showed that flexible datacenters like Bitcoin mining allow grid owners to stack more intermittent renewable energy sources onto the grid
Source:
🧵lancium.com/wp-content/upl…2. This powerful chart from @woonomic showed that Bitcoin mining is now more sustainable than the industries it can in theory obviate (banking, as a method of transacting. Gold, as a store of value)
source: chainalysis.com/blog/africa-cr…
"Crypto has penetrated key markets and become an important part of many residents’ day-to-day lives."
With the combination of autocracy and high inflation, use of Bitcoin in Nigeria is off the charts
Feb 12, 2024 • 7 tweets • 3 min read
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Many people don't realise how much peer reviewed scientific literature came out in the last 18 mths endorsing Bitcoin mining's net-positive environmental potential
Here's 5 of the most recent publications with
♻️source
♻️headline
♻️TL;DR summary
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How Bitcoin Can Support Renewable Energy Development and Climate Action
(Cornell University)
source:
TL;DR:
Bitcoin mining helps renewable developers generate more profits that is typically re-invested, accelerating the renewable transition pubs.acs.org/doi/10.1021/ac…
Jan 31, 2024 • 22 tweets • 9 min read
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How 3 EU Central Banks are working together to try to weaken Bitcoin
What action each of them has taken
What are their next moves
What we must do
👇
First, some background
During The GFC, Central Bankers realised the risk people could discover our Central Bank based financial system had been transferring from the poor to the rich for generations.
The injustice of bailing those who caused the crisis led to the Occupy Movement.
Jan 31, 2024 • 6 tweets • 2 min read
🧵While we were sleeping, the European Commission (via ESMA & ECB) has been creating a report which they plan to label bitcoin
-environmentally harmful
-a threat to EU energy security
-a haven for financial criminals
Paving the way for 2025 de facto EU bans on BTC & BTC mining2/5
How we know:
ODFoundation founders @LyudaKozlovska and @jardemalie have done the hard work for us of reading through every EC document. They've been fighting this for 18 months. @stephanlivera recently interviewed them on his podcast. .
For the love of God, in rebutting the provably false claim Bitcoin uses too much water, please do NOT say "water is part of a natural cycle so it doesn't matter"
It's not that simple
You'll sound ignorant
There's a simpler reason the "Bitcoin and Water" attack is wrong
🧵
Yes, water cannot be destroyed. Yes, it's a renewable resource. That's not the point. Overuse of water can absolutely decimate a local environment, and the water that evaporates does not necessarily come back to the same place.
Nov 19, 2023 • 7 tweets • 3 min read
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Within just 53 days this year, the ESG narrative on Bitcoin flipped
This tweet documents the 5 key events that led to the flip
It happened so fast that many of the world's Investment Committees have not yet caught up
Let's help them!
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Narrative Shift 1: The KPMG Report (1 Aug)