The Arcane research team in their latest report on the subject Solving the global energy crisis with Bitcoin the payment. BTC mining reduces gas flaring during oil extraction.
Innovations in chipset manufacturing to reduce operating costs Bitcoin mining it helps. A new report from the Arcane research team shows the market’s potential to transform the energy industry.
Arcane’s research shows that flexibility in Bitcoin mining operation (BTC) is critical to solving real-world problems. Importantly, one of the biggest concerns authorities currently have regarding the mainstream adoption of Bitcoin is its energy requirements.
Read more: The energy consumption of Bitcoin mining is the same as the city of Houston, America!
Solving the global energy crisis with Bitcoin
Thanks to low reaction costs, Bitcoin mining operations lead to The growth of wind and solar networks It becomes unstable and uncontrollable with energies. These networks lead to the reduction of environmental pollution. Arcane’s research shows that Bitcoin mining will also largely solve problems such as gas flaring during oil extraction.
According to Arcane, Bitcoin miners can be set up next to oil wells because of their portability. For every $1,000 invested in Bitcoin mining, about 6.32 tons of CO2 are produced annually. This amount of investment in wind and solar energy only leads to a reduction of 1.3 and 0.98 tons of CO2 per year. All these things indicate the possibility Solving the global energy crisis with Bitcoin Is.
Arcane’s report reveals that from Heat generated in the Bitcoin mining process It can be used in cold seasons to heat houses, factories, etc. In general, warming accounts for about 40% of the world’s carbon dioxide emissions. Reuse of heat will greatly help the energy industry.
Due to the gas and energy crisis, Euro inflation has reached 9.1%. This makes the Arcane report data doubly important. According to Cointelegraph, energy prices have increased the most. Last month, the price of energy in the Eurozone countries reached an annual rate of 38.3%.
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Source: cointelegraph