Bitcoin mining can help reduce up to 8% of global emissions: Report

In spite of the criticisms of Bitcoins energy strength, the research study provided a more balanced view of Bitcoin by revealing the prospective benefits BTC can bring to the energy industry. Related: Bitcoin energy pivot attains what few markets can claim– Bloomberg analystThe paper also provided other opportunities for Bitcoin to contribute to the energy sector. According to the report, Bitcoin can contribute to energy efficiency through electrical power grid management by using Bitcoin miners and transferring heat from miners to greenhouses.