Bitcoin Mining To Reduce Methane Emissions by 2030, Here’s How? 

bitcoin mining

  • An ESH analyst highlights an advantage of Bitcoin mining, says could reduce methane emissions by 2030. 
  • He suggests converting Methane into Carbon Dioxide and utilizing it to power the mining rigs. 
  • He explained his ideas in a lengthy Twitter thread highlighting how it is possible. 

Research highlights that Methane, a greenhouse gas, has 80x more potential of contributing to climate change compared to carbon dioxide (CO2) during its first twenty years in the atmosphere. 

And now a prominent environment, social and governance (ESG) analyst and bitcoin investor Daniel Batten, signifies that BItcoin mining can considerably decrease the amount of methane concentrations in the atmosphere.

He argues that eliminating the equivalent of one ton in methane emissions is more effective than avoiding the same amount of carbon dioxide. And he plans to convert methane into carbon dioxide, and utilize that to power bitcoin mining.

The analyst highlighted his views via a lengthy Twitter thread, that you do that by discovering leaking methane and cleanly burning it to generate electricity. 

0/16

BREAKING: Bitcoin mining can slash methane emissions by 2030.

Bitcoin mining can reduce our global emissions by up to 8% by 2030, simply by converting the world’s wasted and dangerous methane emissions into 80x less harmful emissions. pic.twitter.com/KKEoBnfsGj

— Daniel Batten (@DSBatten) April 29, 2022

The miners of the crowned crypto-asset have already initiated an experiment with the stranded gas, to power their mining rigs. Apparently, this is gas that would go to waste or be burnt. The analyst highlights that miners could add to this energy produced from landfills.

He explains that if Bitcoin miners were used throughout the world’s oil fields and landfills, they would decrease our global emissions by a huge 8.5%: 1.5% for oil fields and 7% for landfills. 

ALSO READ – Shiba Inu Killing Dogecoin in Europe as Per Google Data

Bitcoin mining has always been a topic of discussion worldwide. Several entities have raised their voice from time to time highlighting the environmental effects that mining causes. 

But Batten also signified that methane emissions are not all that can work for Bitcoin mining. 

He explains that we need to do both methane and CO2 reduction together, while methane is more lethal, carbon dioxide is much more prevalent. Hence, reducing the emissions of each by 50% is essential. 

There have been mixed reactions regarding Bitcoin mining, there are some who express vehement criticisms while there are some who think it does not affect the environment so much. It is to look forward to how the mining concept evolves in the future and what stand the concerned entities would take.  

  • Author
  • Recent Posts

Nancy J. Allen

Latest posts by Nancy J. Allen (see all)

Download our App for getting faster updates at your fingertips.

en_badge_web_generic.b07819ff-300x116-1

Top Rated Trading Platforms

EagleFX

Top Rated Cryptocurrency Exchange

EagleFX

Source: Bitcoin Mining To Reduce Methane Emissions by 2030, Here’s How? 

 27 readers,  1 today

Bitcoin Mining To Reduce Methane Emissions by 2030, Here’s How?  - Click To Share

Other recent press releases

*This is a free press release. All upgraded press releases are ad-free!

Several Members of Congress Want to Block Amazon’s Acquisition of iRobot

Several members of the U.S. Congress issued a letter to the Federal Trade Commission (FTC) over the announced acquisition of iRobot Corporation by Amazon.com Inc. Here’s why the lawmakers have concerns over the purchase. What Happened A letter recommending the FTC reject the planned acquisition of iRobot by Amazon.com was signed by some members of

 33 readers,  33 today

ESPN, ACC, SEC And Other Disney Channels Gone From DISH Network

Photo by Kevin Abele/Icon Sportswire via Getty Images.Icon Sportswire via Getty Images In a bold move, the Walt Disney DIS Company forced Charlie Ergen’s DISH Network DISH and Sling TV to pull down the signals of all of its cable networks, including ESPN ACC Network, SEC Network and a number of ABC Television stations. Typically

 25 readers,  25 today

Sweden Spellbinds Travelers With New Chilling Audio Story

The vast forests of Sweden possess both beauty and tranquility – but also drama and mystique. Sweden invites travelers to discover the country’s myth-filled forest in a spellbinding audio story written by internationally renowned author John Ajivde Lindqvist, only available in the Swedish forest. Through the short story, visitors receive an immersive experience of the

 43 readers,  43 today