Cornell team proposes environmentally friendly Bitcoin mining solution that combines carbon capture and renewable energy to achieve higher environmental and economic benefits

Cornell team proposes environmentally friendly Bitcoin mining solution that combines carbon capture and renewable energy to achieve higher environmental and economic benefits

2022/9/27

According to reports, the Cornell University team recently conducted a comprehensive analysis of Bitcoin technology and investment in 50 states in the United States. The researchers examined bitcoin's economic and environmental benefits in every U.S. state. A related paper, titled "Mining Bitcoin through Carbon Capture and Renewable Energy to Carbon Neutralize U.S. States," was published on the back cover of Energy & Environmental Science. The findings suggest that states with a high share of renewable energy on the grid and lower electricity prices are more suitable for environmentally friendly and efficient mining. The team's findings show that the most profitable state is Washington, followed by Vermont and New York. In addition, Vermont, Maine, Washington, Idaho, and New Hampshire have lower carbon dioxide emissions. From an economic standpoint, Hawaii, Rhode Island, Alaska, Connecticut, West Virginia, and Kentucky are among the lowest-ranked states. Delaware, West Virginia, Rhode Island, and Kentucky had the highest CO2 emissions in all cases.

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