Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Cornell University study: Bitcoin mining could help deploy renewable energy projects in the United States

Cornell University study: Bitcoin mining could help deploy renewable energy projects in the United States

CointimeCointime2023/12/02 10:24
By:Cointime

On December 2nd, Cornell University researchers completed a study entitled "From Mining to Mitigation: How Bitcoin Can Support Renewable Energy Development and Climate Action". The study explains that Bitcoin can become a positive factor in deploying renewable energy projects in the United States. The study claims that during the pre-commercial development phase, when mining facilities are still being developed but can generate energy, some developers can profit from Bitcoin mining.

Of all the states investigated by researchers, Texas showed the greatest potential for utilizing these possibilities, hosting 32 projects that can generate $47 million from mining activities.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Bitcoin Purchase Momentum Slows – Should Traders Invest or Withdraw?

Navigating the Market Dilemma: Choosing Between Short Positions and Long-Term Accumulation in the Face of Weak Bitcoin Buying Pressure

Coineagle2025/02/20 18:22

Hong Kong Investment Company Leverages Bitcoin, Mimics Strategy and Metaplanet Approach

Exploring HK Asia's Cryptocurrency Gambit in the Wake of Strategy and Metaplanet's Success

Coineagle2025/02/20 18:22