Using Vented Methane from Agriculture & Landfills to Fuel Bitcoin Mining
Estimated Impact:
0.69% of global warming reduction potential if vented methane is used to fuel Bitcoin mining, replacing approximately 184 MWh of electricity.
Potential mitigation of around 21% (132 MMTCO2-eq) of original greenhouse gas emissions from agricultural activities and landfills.
Breakdown:
Methane emissions from agriculture and landfills: 640 million metric tons CO2-equivalent (MMTCO2-eq).
Estimated electricity generation from vented methane: 184 MWh.
Converting methane to electricity: Assuming an efficiency of 40%.
Calculating the mitigation potential: 132 MMTCO2-eq.
Key Takeaways:
Using vented methane for Bitcoin mining could have a positive environmental impact, reducing global warming emissions by approximately 0.69% and mitigating around 21% of original greenhouse gas emissions from agricultural activities and landfills.
This potential mitigation is based on simplified assumptions and would depend on various factors, such as the efficiency of the conversion process, scalability of methane collection, and potential for methane emissions reduction elsewhere.
References:
[1] United Nations Framework Convention on Climate Change (UNFCCC). (2020). Greenhouse gas inventory data. Retrieved from <https://unfccc.int/budget/ghg-inventory-data>;
[2] Cambridge Centre for Alternative Finance (CCAF) & Kaiko. (2023). The 2022 Global State of Bitcoin Mining Report.
[3] Various sources, including a study by the National Renewable Energy Laboratory (NREL) and a report by the International Council on Clean Transportation (ICCT).
Farley
npub1far…670r
2024-06-22 05:46:53
Author Public Key
npub1farleyjgt90e2sr8nlneuwg7vcx0yjq3uc3ksya7902eteulzfkqyx670rPublished at
2024-06-22 05:46:53Event JSON
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"content": "Using Vented Methane from Agriculture \u0026 Landfills to Fuel Bitcoin Mining\n \nEstimated Impact:\n \n0.69% of global warming reduction potential if vented methane is used to fuel Bitcoin mining, replacing approximately 184 MWh of electricity.\n \nPotential mitigation of around 21% (132 MMTCO2-eq) of original greenhouse gas emissions from agricultural activities and landfills.\n \n Breakdown:\n \n Methane emissions from agriculture and landfills: 640 million metric tons CO2-equivalent (MMTCO2-eq).\n \nEstimated electricity generation from vented methane: 184 MWh.\n \nConverting methane to electricity: Assuming an efficiency of 40%.\n \nCalculating the mitigation potential: 132 MMTCO2-eq.\n \n Key Takeaways:\n \n Using vented methane for Bitcoin mining could have a positive environmental impact, reducing global warming emissions by approximately 0.69% and mitigating around 21% of original greenhouse gas emissions from agricultural activities and landfills.\n \nThis potential mitigation is based on simplified assumptions and would depend on various factors, such as the efficiency of the conversion process, scalability of methane collection, and potential for methane emissions reduction elsewhere.\n\nReferences:\n \n[1] United Nations Framework Convention on Climate Change (UNFCCC). (2020). Greenhouse gas inventory data. Retrieved from \u003chttps://unfccc.int/budget/ghg-inventory-data\u003e\n \n[2] Cambridge Centre for Alternative Finance (CCAF) \u0026 Kaiko. (2023). The 2022 Global State of Bitcoin Mining Report.\n\n[3] Various sources, including a study by the National Renewable Energy Laboratory (NREL) and a report by the International Council on Clean Transportation (ICCT).",
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