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Ignore the headlines — Bitcoin mining is already greener than you think By Cointelegraph

Ignore the headlines — Bitcoin mining is already greener than you think

Is it doable to mine (BTC) utilizing solely 100% renewable power sources and ship the identical financial returns as these utilizing carbon-based sources? The reply is sure, in keeping with Square’s current evaluation on the price of renewables and their influence on Bitcoin mining.

Unfortunately for our trade, the quantity of headlines and headline-making tweets about Bitcoin’s power use and potential environmental influence has adopted its rise in worth in current months. The elevated media scrutiny has led to elevated requires regulatory motion and even a proposed invoice in the New York State Senate that would place a three-year moratorium on non-renewable Bitcoin mining in the state.

Dan Tolhurst co-founded Gryphon Digital Mining in 2020 with the imaginative and prescient of making the ESG-driven Bitcoin miner, and appears ahead to the day that each one Bitcoin mining is carried out utilizing renewable power sources. He has deep experience as a technique govt from his time at Netflix (NASDAQ:), The Walt Disney Company (NYSE:) and Booz & Co., in a profession spanning 5 continents. He holds each an HBA and an MBA from the Ivey Business School at Western University and a JD (NASDAQ:) from Osgoode Hall Law School at York University. He spends his free time exploring London’s parks, travelling and cheering on his beloved Toronto Raptors.