September 19, 2021

The Argument For Mining Bitcoin From Clean Energy And Waste Energy Streams | Husch Blackwell LLP

What if you could substitute a renewable battery powered motor for the internal combustion engine just twelve years after its invention? At minimum, we would not be faced with the challenge of limiting greenhouse gas emissions. For all of the benefits the internal combustion engine has brought humanity, its environmental consequences are not among them.

An equally consequential technology—Bitcoin (BTC) —in its twelfth year of existence, is being adopted at an unprecedented pace.[1] The position of current Bitcoin thought leaders is that Bitcoin’s energy use “is not a problem.”[2]  However, despite its rapid adoption, Bitcoin still operates at the periphery for most people. As it matures, its energy use, among other things, will only receive greater scrutiny. Operating the Bitcoin network globally uses as much energy as Washington State, which amount to less than one half of one percent of total global energy use….

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