7Bluerabbits on Nostr: Although Bitcoin's power consumption (Light green line) is climbing, this may be at a ...
Although Bitcoin's power consumption (Light green line) is climbing, this may be at a peak due to -
Vast improvements in ASIC ..
..efficiency
-Market saturation.
-The recent Halving may also culling off some of the less efficient mining operations
Bitcoins annual net emissions (blue line) have reached a plateau & may even be on the wane due to mitigation such as -
Improvements in overall Grid carbon intensity
Mining with Methane
Home/ Business heating
Demand response schemes taking advantage of cheap clean but intermittent renewables.
Other mitigating factors are banking sector curtailment (red line) which may already make Bitcoins emissions net negative !
The large drop in emissions during 2021 is due to the China mining ban followed by the subsequent move of much of the hash rate to the US where grid carbon intensity is generally lower. All calculations are Bitcoin BTC ONLY.
Vast improvements in ASIC ..
..efficiency
-Market saturation.
-The recent Halving may also culling off some of the less efficient mining operations
Bitcoins annual net emissions (blue line) have reached a plateau & may even be on the wane due to mitigation such as -
Improvements in overall Grid carbon intensity
Mining with Methane
Home/ Business heating
Demand response schemes taking advantage of cheap clean but intermittent renewables.
Other mitigating factors are banking sector curtailment (red line) which may already make Bitcoins emissions net negative !
The large drop in emissions during 2021 is due to the China mining ban followed by the subsequent move of much of the hash rate to the US where grid carbon intensity is generally lower. All calculations are Bitcoin BTC ONLY.