What if you could substitute a renewable battery powered motor
for the internal combustion engine just twelve years after its
invention? At minimum, we would not be faced with the challenge of
limiting greenhouse gas emissions. For all of the benefits the
internal combustion engine has brought humanity, its environmental
consequences are not among them.

An equally consequential technology-Bitcoin (BTC) -in its
twelfth year of existence, is being adopted at an unprecedented
pace.1 The position of current Bitcoin
thought leaders is that Bitcoin’s energy use “is not a
problem.”2 However, despite its rapid
adoption, Bitcoin still operates at the periphery for most people.
As it matures, its energy use, among other things, will only
receive greater scrutiny. Operating the Bitcoin network globally
uses as much energy as Washington State, which amount to less than
one half of one percent of total global energy use. However,
Bitcoin’s energy use can be framed in ways that could undermine
its promise, as has been done many times before.3 Because of the
positive impact it is positioned to provide society, Bitcoin mining
should involve clean energy and waste energy streams so that its
progress is not unnecessarily halted. It is all the more essential
because with effort, Bitcoin mining can be done with clean energy
sources and by relying on waste energy streams. But to facilitate a
movement toward more climate-friendly Bitcoin mining, more people

Read more…