A little known truth: Since 2023, there have been 18 peer reviewed papers on Bitcoin & Energy. 16 concluded that Bitcoin mining supported climate action and UN Sustainable development goals while stabilizing grids and accelerating the energy transition. Here are the 16 studies: 1. How Bitcoin Can Support Renewable Energy Development & Climate Action https://pubs.acs.org/doi/10.1021/acssuschemeng.3c05445 Findings Bitcoin mining helps renewable developers generate more profits, accelerating the renewable transition 2. Bitcoin’s Carbon Footprint Revisited https://mdpi.com/2078-1547/14/3/35 Findings [our research finding support] "a possible role for Bitcoin mining in promoting grid decarbonization" through effective demand response 3. Promoting rigor in blockchain energy and environmental footprint research https://sciencedirect.com/science/article/pii/S2096720923000441?via%3Dihub Findings Reveals fundamental flaws in the work of Alex de Vries/Digiconomist (heavily quoted by mainstream media) 4. Bitcoin and Its Energy, Environmental & Social Impacts https://mdpi.com/2078-1547/14/4/47 Findings There is "transformative potential in the Bitcoin mining sector, especially regarding demand response, grid flexibility, and methane mitigation" 5. Drivers of Bitcoin Energy Use and Emissions Hass McCook https://link.springer.com/chapter/10.1007/978-3-031-32415-4_2 Finding Bitcoin mining's emissions has likely already peaked and is now trending downwards 6. Pairing crypto mining with green hydrogen offers clean energy boost https://sciencedaily.com/releases/2024/03/240325172414.htm Finding Bitcoin mining with green hydrogen makes wind farms 73% more profitable 7. Can bitcoin mining increase renewable capacity? https://sciencedirect.com/science/article/pii/S0928765523000313 Findings * Bitcoin mining can increase renewable energy penetration and obviates need for gas peaker plants. * "When Bitcoin miners provide ... demand response, their emissions impact is largely mitigated." 8. Cryptocurrency mining as a novel virtual energy storage system in islanded and grid-connected microgrids https://sciencedirect.com/science/article/pii/S0142061524001364 Findings Microgrids (MGs) not using Bitcoin Mining waste significant renewable energy. However using Bitcoin mining * stops almost all renewable waste* reduces MG costs by 46% * accelerates MG development * decarbonizes power production 9. High resolution modelling and analysis of cryptocurrency mining’s impact on power grids: Carbon footprint, reliability, and electricity price https://sciencedirect.com/science/article/pii/S266679242300015X Findings Bitcoin mining's flexibility increases both grid reliability & stability 10. An integrated landfill gas-to-energy and Bitcoin mining framework https://sciencedirect.com/science/article/pii/S0959652624029652?via%3Dihub Findings Bitcoin mining can profitably reduce landfill methane 11. Renewable energy and cryptocurrency: A dual approach to economic viability and environmental sustainability https://cell.com/heliyon/fulltext/S2405-8440(24)15796-9 Findings * Bitcoin mining reduces the ROI from 8.1yrs to 3.7yrs while reducing CO2 emissions by 50,000 tonnes/year on a typical 50MW solar farm * PoS blockchains (such as Ethereum) can not offer these features * Profits from Bitcoin mining using renewable generation help accelerate the energy transition 12. Can bitcoin mining empower energy transition and fuel sustainable development goals in the US? https://sciencedirect.com/science/article/abs/pii/S0959652624002464 Findings * Bitcoin mining with renewable energy is profitable in 96% of cases * Bitcoin mining is more consistently profitable than chemical-based utilization (hydrogen, ammonia, methanol) * "Profits from bitcoin mining can empower energy transition" 13. The Relationship between Biomass & Bitcoin https://mdpi.com/2071-1050/16/18/7919 Findings * "Bitcoin [can] accelerate the UN's Sustainable Development Goals” * Bitcoin mining provides a way to make often economically unviable bio-refineries profitable 14. Can Climate Change be Mitigated through Green Hydrogen Coupled with Crypto? https://www.cetjournal.it/cet/24/114/061.pdf Findings Pairing Bitcoin mining and Green Hydrogen can * Accelerate the buildout of solar and windfarms * Boost direct air capture technologies, capturing >7.4 t CO2e per Bitcoin 15. Rethinking bitcoin's energy use through sustainable digital business models and resources monetization https://sciencedirect.com/science/article/pii/S2666954425000092#s0105 Findings: * BTC mining can "promote cleaner energy use and reduce the carbon footprint of energy production" * By using renewable or stranded sources, Bitcoin mining aligns “economic incentives with sustainability goals" 16. Renewable Energy Transition Facilitated by Bitcoin Findings: "the opportunities offered by bitcoin mining in reduction of the greenhouse gas emissions and renewable energy transition are greater than generally assumed" https://pubs.acs.org/doi/10.1021/acssuschemeng.2c06077