Square and Ark Invest argue that Bitcoin miners can bolster the efficiency of the renewable energy industry by acting as an electricity buyer of last resort.
Some of Bitcoin’s most prominent backers have sought to make the case for Bitcoin’s environmental efficiency, with a collaborative paper from researchers at financial services firm Square and investment manager Ark Invest asserting that Bitcoin mining can drive increased efficiency in renewable energy production.The paper, authored by “The Bitcoin Clean Energy Initiative,” or BCEI, seeks to counter the claim that “the computation required to secure Bitcoin […] is environmentally damaging and ruining the planet,” arguing that Bitcoin mining incentivizes the generation of electricity “from renewable carbon-free sources.”The paper has received support from top crypto luminaries including Square’s Jack Dorsey, Tesla’s Elon Musk, and Ark Invest’s Cath
Źródło: https://cointelegraph.com/news/bitcoin-incentivizes-renewable-energy-agree-elon-musk-and-jack-dorsey
