The question at large is, how can industries work together to ensure that bitcoin and other crypto production is less harmful on the environment? Crypto entrepreneur, Amy Karr, says evaluating the way bitcoin is mined is crucial.
In May, when Greenidge announced that it’s using a portion of its bitcoin mining profit to do bitcoin mining on a carbon neutral basis at all of its facilities, the company purchased domestic certified carbon offset credits that are certified by one of three agencies or organizations accredited by the California Air Resources Board, recognized by the industry as the gold standard in the carbon offset field.
“The more companies that do carbon neutral bitcoin mining the better,” shares Kirt. “It’s going to be scaled institutional players in the Western world that are going to lead this charge.” “I think being carbon neutral and environmentally friendly are important goals and aspirations for more than just women,” opines Yoon. “However, to say that bitcoin mining goes against those ideals is incorrect. We spend energy on the things that matter or have value to us as a society. Consuming energy in and of itself isn't bad.
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