You can do a lot of bitcoin mining with 50GW of wasted power. “India's stranded renewable power capacity - projects awarded but unable to come online - more than doubled over nine months, due to unfinished transmission lines, and legal and regulatory delays, letters from an industry group to the government showed. Renewable projects that won tenders to generate power but are yet to sign power purchase agreements with buyers have surged to over 50 gigawatts (GW)” Source: Reuters https://www.reuters.com/sustainability/climate-energy/indias-stranded-renewable-projects-double-over-50-gw-industry-documents-show-2025-08-01/
In its blog today, IMF just penned some 2021vintage energy FUD about Bitcoin "Bitcoin uses as much energy as <insert your favorite country>" Mainstream media and the scientific community no longer use this claim. Why? Because it is a known misleading statistic. Much of Bitcoin's energy usage is from stranded, wasted sources that others cannot utilize. It has also been shown in 22 peer reviewed papers and 7 independent studies to stabilize and decarbonize grids, mitigate methane and lower electricity prices and is 52.4% sustainably powered (unlike the much lower sustainable power mix of the banking industry, and gold mining - which Bitcoin provides viable and technologically superior alternatives to) source: Contrary to the implications of this tweet, Bitcoin has 19 well documented usecases that create value to society. source: Important context: Bitcoin threatens IMF with disintermediation in 5 ways which I have categorized previously here --> https://x.com/DSBatten/status/1873558000230978046 and IMF has a reputation for openly opposing Bitcoin, repeatedly citing "concerns" that have consistently failed to materialize. (source: ) Its perspective on Bitcoin is neither neutral nor objective. image
There’s a video that recently went out about bitcoin mining in Granbury. It got 1.4Million YouTube views and contained a significant amount of misinformation. The environmental FUD hasn’t stopped, it’s just morphed. Here’s by dissection of what i would call propaganda-dressed-up-as-journalism.
Looks like I’ll be posting more on Nostr and less on Twitter coming up.
Why this report on refugees using bitcoin is so important. Until now we’ve not had a quantified report showing the volume of people benefitting from bitcoin. That has meant critics could say “oh but social benefit x is only impacting a few people”, or “oh but that’s just anecdotal” Now, that response is not possible. Now, there is not just evidence but quantified evidence about the lives of those in need that bitcoin supports: ie - the displayed men, women and children who are most vulnerable people in the world. Now, when you claim out of ignorance “bitcoin has no use” you are saying “the lives of 329,000 refugees are useless” I’ll be jumping on a couple of podcasts to share the report in a week or two. In the meantime, have a read. It’s very visual and feasible and it will help you stop dead the “bitcoin is useless” FUD and orange pill more people who care about humanitarian causes.
Digital Assets Research Institute (DARI) just put out an amazing report on bitcoin use among refugees. 329k have already used bitcoin to take safely across borders. Could reach 7.5M by 2035. At this point, people who still think bitcoin has no usecase are just plain clueless
Media like The Guardian loves to highlight a problem. But refuses to cover the well-documented solution. The solution is bitcoin mining. It does not require government subsidies, it’s already ended flaring in a lot of regions, it could end the wasteful and polluting practice of gas flaring around the world, but The Guardian has been complicit in helping perpetuate the practice of flaring by its ignorant attacks on the solution that can quickly end the very problem it keeps on pointing out. image