WBTM on Nostr: Bitcoin's economic incentives are helping to solve a real-world problem: accessing ...
Bitcoin's economic incentives are helping to solve a real-world problem: accessing renewable energy in remote areas. Waterfalls and other sources of hydroelectric energy are often located far from population centers, but the rise of Bitcoin mining has created a new market for these otherwise stranded resources. Miners can now mine Bitcoin using this excess or trapped electricity at lower rates than centralized grids and sell it on global markets.We achieve two things here; profiting miners go to the difficult-to-reach locations with profitable outcomes while advocating for greater adoption of cleaner energy alternatives.#bitcoinmining #renewableenergy
Published at
2024-04-09 15:04:37Event JSON
{
"id": "5f6bd229a7ce7548fc219a0b227cf76ce9b29586836f59426541b2064353723a",
"pubkey": "974245625f27b25ba05834fa0e7f410ec90b0d8e76a2d340cc22410920af21b7",
"created_at": 1712667877,
"kind": 1,
"tags": [
[
"t",
"bitcoinmining"
],
[
"t",
"renewableenergy"
]
],
"content": "Bitcoin's economic incentives are helping to solve a real-world problem: accessing renewable energy in remote areas. Waterfalls and other sources of hydroelectric energy are often located far from population centers, but the rise of Bitcoin mining has created a new market for these otherwise stranded resources. Miners can now mine Bitcoin using this excess or trapped electricity at lower rates than centralized grids and sell it on global markets.We achieve two things here; profiting miners go to the difficult-to-reach locations with profitable outcomes while advocating for greater adoption of cleaner energy alternatives.#bitcoinmining #renewableenergy",
"sig": "91dca0e2937c751f268d96578f32db4f8f81bab98cb21c5562c6d0900a68d56a4876b72513c01418e673d63b31a47f15665753be981eb037e748a50882d6a833"
}
