Cryptocurrency mining can prevent global warming
Cryptocurrency mining can prevent global warming by reducing the Earth’s temperature by 0.15°C.
Cryptocurrency mining can prevent global warming and contribute to the reduction of greenhouse gases, according to research by climate technology investor and environmental activist, Daniel Batten.
The investor maintains that Bitcoin “is the only available, practical and scalable technology when it comes to combating the world’s deadliest greenhouse gas in 2022: methane.”
Environmental impact of greenhouse gases may be irreversible
Batten explains that methane, when it escapes into the air unburned (which is what many industries use in an attempt not to pollute as much), warms up 30 times more than carbon dioxide (CO2) within 100 years. And although it only remains up to 12 years in the atmosphere, the environmental impact is so severe that “it may be enough to create irreversible climate feedback loops on its own.”
This is why he advocates the use of mining as a way to avoid this affectation, since, according to him, it is a “way to reduce methane emissions.” In fact, and according to his calculations, through the clean combustion of the gas burned from oil fields and landfills, “cryptocurrencies can reduce methane emissions by 23%.”
This means that cryptocurrency mining, using escaped methane, can meet more than half of the United Nations Environment Programme’s total methane reduction target of 45% and avoid more than one-twentieth of all global greenhouse gas emissions.
How would cryptocurrency mining help?
Waste methane gas, from the oil and gas industry, landfills and livestock, can be used for cryptocurrency mining, which the expert qualifies as the only candidate sector “to immediately start reducing methane emissions.”
This can be done through a system that allows the safe removal of methane gas emissions by burning them. This heat is processed by a generator, which converts thermal energy into electrical energy, which could power a mobile mining farm. These, he said, do not require pipelines “and can be operational in a few weeks.”
“Because cryptocurrency mining requires only an Internet connection and not the construction of million-dollar-per-mile pipelines, it is currently the only technology that can burn this wasted methane in a way that can scale fast enough. pressing methane reduction targets. Cryptocurrency mining is the fastest technology we have to curb climate change.”
Originally published at https://www.reddit.com.