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illuminem summarizes for you the essential news of the day. Read the full piece on Forbes or enjoy below:
🗞️ Driving the news: Two new studies reveal that Bitcoin mining, often criticized for its environmental impact, can reduce carbon emissions by leveraging renewable energy sources
• Research from the Bitcoin Policy Institute highlights how Bitcoin miners help stabilize energy grids and prevent wasted renewable energy
🔭 The context: Bitcoin mining operations increasingly utilize excess capacity from renewable sources like wind and solar, turning stranded energy into a valuable resource
• Past research overstated Bitcoin's environmental harm by ignoring this shift to cleaner energy
🌍 Why it matters for the planet: By using otherwise wasted renewable energy, Bitcoin mining can contribute to global carbon reduction goals and aid the transition to a greener energy system
⏭️ What's next: These findings may lead to policy changes, as lawmakers reassess outdated views of Bitcoin mining and its potential role in achieving environmental objectives
💬 One quote: "Bitcoin mining can be part of the solution rather than the problem of global carbon reduction efforts," says the Bitcoin Policy Institute
📈 One stat: Bitcoin mining operations are increasingly powered by renewable energy, reducing carbon emissions and stabilizing grids
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