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Bitcoin mining and energy and environmental concerns were usually treated as two different extremes.
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The recent report, however, sheds light on the balance of both the ‘extremes’ in a complimentary manner.
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It suggests how crypto mining operations, if used and applied properly, can result in saving the environment, rather than damaging it.
A recently released report from the IRM Energy and Renewables Group (GIS) explored the role of Bitcoin miners in addressing the challenges with energy consumption worldwide. The report included potential contributions of crypto mining to climate change mitigation, renewable energy adoption, nuclear power viability, Ocean Thermal Energy Conversion (OTEC), heat recovery, and the utilization of geothermal and hydroelectric energy sources.
Additionally, the report titled “Bitcoin and the Energy Transition: From Risk to Opportunity” discusses the growing trend of vertical integration betwe
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