Cornell University Study Proposes Bitcoin as a Driver for Renewable Energy Development – Report

Cornell University Study Proposes Bitcoin as a Driver for Renewable Energy Development – Report

The latest study by Cornell University has proposed that Bitcoin mining promotes renewable energy development.
The study also shows that some projects across the US could benefit from Bitcoin mining during the pre-commercial development phase. 
The campaign against Bitcoin mining as an environmentally unfriendly process reached its height in 2021 when researchers deemed the process energy-consuming and resulting in carbon emissions. As of 2022, it was estimated that Bitcoin mining contributed to 0.2 percent of global greenhouse gas emissions.
A United Nations report has also stated that Bitcoin mining creates environmental impacts on climate, water, and land. For its study, the activities of 76 Bitcoin mining nations during the 2020–2021 period were considered. However, a section of the crypto community believes that these negative results are exaggerated.  
In response to this, Cornell University researchers have led a new study entitled “From Mining to Mitigation: How Bitcoin

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