One of the complaints that environmentalists have about mining activities involving bitcoin (BTC) is that they would degrade the environment. Only, this criticism is not received by all. For some, this grievance does not reflect the truth of the facts.
Does bitcoin (BTC) mining benefit the environment?
The idea that mining bitcoin (BTC) is harmful to the environment is wrong. This is in any case the point of view of Daniel Batten, the co-founder of CH4 Capital, an asset manager.
In a recent analysis, the specialist explained why, in his opinion, this opinion, defended by the NGO Greenpeace USA, lacks veracity. According to him, several expert reports show that bitcoin mining promotes the expansion of renewable energy infrastructure.
His argument is based in particular on the opinion of Brad Jones. The opinion of this former executive of the Electric Reliability Council of Texas (ERCOT) settles the question. It establishes that bitcoin mining would make renewable energy operators more profitable and more stable.
It is moreover this technical circumstance which would have allowed the evolution of the legislation in Texas, to promote the activities of mining. This, by guaranteeing the attractiveness of these operations carried out in the State.
Based on these findings, Daniel Batten therefore believes that Greenpeace USA’s criticisms of bitcoin mining are unfounded. For the expert, the recent report produced by the NGO in this direction is nothing more than a fabric of false information. The document would in fact be based, according to him, only on unfounded fears.
What Batten believes is that contrary to popular belief, bitcoin mining is not a source of pollution. It is even less a cause of societal damage as Greenpeace USA tries to make it believe.
For the boss of CH4 Capital, the mining of bitcoins would basically contribute to the preservation of the environment. An argument that has something to raise eyebrows among environmental lobbies. These are fighting to defeat the crypto activities that they consider to be energy-intensive as a whole.
Receive a digest of news in the world of cryptocurrencies by subscribing to our new service of daily and weekly so you don’t miss any of the essential Tremplin.io!
