Experts say the potential for rapid transformation of the world’s energy system has a parallel in the speed with which cars replaced horses in the 1900s.
Category: sustainability
Debunking myths about renewable energy
Critics of renewable energy often cite two reasons for why they think a transition from fossil fuels will take half a century. Firstly, that sources of renewable energy are too intermittent to be reliable and secondly, that governments cannot bear the costs of switching entire economies to clean energy.
Beware of Lazy Bitcoin Research | Insights
Bitcoin mining is mainly driven by renewable energy — hydro (by far the largest component), solar, wind and geothermal. Period.
In fact, we’ve estimated the lower bound of renewables penetration in the bitcoin mining energy mix to be 77.6%.
From 2018, but it’s likely gotten better since then.
Addressing the dangers of lazy crypto industry research, and aiming to debunk the negative narrative that bitcoin detractors are attempting to create.
