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Bitcoin Mining Paired with Green Hydrogen Could Speed Up Clean Energy Transition, Study Finds

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A new study explores the potential of Bitcoin mining combined with green hydrogen to accelerate the shift towards clean energy. Researchers discuss the limited scenarios where this concept could work and the challenges associated with Bitcoin mining. The study emphasizes the importance of using Bitcoin profits to invest in clean hydrogen production and renewable energy. However, the details and practicality of implementing this idea remain crucial.

A new study finds that Bitcoin mining paired with green hydrogen could help speed up a transition to clean energy — an eyebrow-raising claim, considering strong evidence that the cryptocurrency is a big polluter. To avoid any misconceptions, The Verge spoke with researchers to understand the very narrow scenarios in which this concept might work, and possible pitfalls given the complicated reality of Bitcoin mining.

The study, published in the journal PNAS, calls Bitcoin and green hydrogen fuel a “dynamic duo” no less than seven times. It envisions an ideal scenario in which the profits of Bitcoin mining are used to invest in clean hydrogen production and renewable energy. '“It all depends on who uses — just the same as a knife.”' The devil is in the details. Bitcoin would have to be mined using clean energ

Source: Digital Coin News (digitalcoinnews.net)

Bitcoin Mining Green Hydrogen Clean Energy Transition Study Renewable Energy

 

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