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Top Renewable Energy state Rajasthan facing 48% curtailment in peak hours That’s 48% of its electricity wasted by not mining bitcoin.

Daniel Batten 6 months ago

Rare photos of Bitcoin mining in Bhutan Amazing how a tiny land footprint, no eWaste (all rigs are recycled), no water footprint + 100% renewable energy just contributed 40% of Bhutan's GDP, funds environmental and infrastructure initiatives such as their airport rebuild. They even used Bitcoin to raise the salaries of govt workers by 50-65% Any country with surplus energy can copy from Bhutan's playbook, but I'm happy its nations like Bhutan, El Salvador, Paraguay, Ethiopia who are discovering this first because it's helping to address global wealth inequality one nation at a time.

Daniel Batten 6 months ago

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: