This post is originally published in Geek Culture (Medium).
In recent years, a lot of deliberation is happening around the contributors of greenhouse gases. Scores of people have labeled Bitcoin mining as bad for the environment. Why is this discussion necessary? Is it possible to make mining green while building a mutually profitable relationship with renewables?
“Climate change is widespread, rapid, and intensifying, and some trends are now irreversible, at least during the present time frame”
Intergovernmental Panel on Climate Change (IPCC) report, Aug 2021.
The report gives irrefutable evidence that human induced climate change is already creating irreversible and never seen before weather extremes. The UN Secretary General António Guterres, reacting to the report’s finding, warned that we are “perilously close” to hitting the barrier of 1.5 degrees above pre-industrial levels of global warming. He emphasized that immediate and sustained reductions in carbon dioxide (CO2) and other greenhouse gas (GHG) emissions are vital for steadying global temperatures in 20 to 30 years.
While examining the reasons for high CO2 emissions, one source is often called out — Bitcoin Mining.