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11. Bitcoin and the Environment: The Energy Debate One of the most intense debates surrounding Bitcoin concerns its impact on the environment. Bitcoin mining, which relies on Proof of Work, consumes huge amounts of electricity. Some criticize this energy consumption, while others defend the idea that Bitcoin encourages the use of renewable energies. Initiatives have emerged to make mining more environmentally friendly, and in regions like Iceland, where electricity is generated from green energy, Bitcoin could well become a catalyst for sustainable energy solutions. #bullishbounty #bitcoin #btc #nostr #zap #zapathon
Also:… #Bitcoin uses stranded energy #Bitcoin uses wasted energy #Bitcoin helps flatten the demand/supply of energy during the day. #Bitcoin makes new power plants, for example in remote area’s, economically more viable. #Bitcoin (and AI) are the ultimate drivers of energy innovation.