Last week Paypal released a whitepaper in partnership with Energy Web and DMG Blockchain Solutions, describing a “Green Mining Initiative” intended to redirect fees from participating users specifically to certified miners powering their operations with renewable energy. I can’t say I’m surprised by this honestly, mining has at this point become very normalized in terms of its use to further renewable energy or climate goals. Mining is actually very suited to this task given its nature, miners are mercenaries looking for the cheapest energy possible to devote towards solving the next block. If you have stranded power, or excess power, they will take it.
The overall architecture of this system though is beyond the territory of Rube Goldberg. I am kind of amazed that this is the level of technical understanding and sophistication that a major company like Paypal has on tap, especially in their Blockchain Research Group specifically focusing on this space. The entire
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