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Organizers of the World Economic Forum (WEF) have recognized the economic and environmental benefits of bitcoin mining, stating that the activity cansignificantly reduce greenhouse gas emissions into the atmosphere.
Recently, the organizers of the WEF published a video about how bitcoin mining canbenefit the environment. The WEF argues that the transition of miners to renewable energy sources will beNot only good for the planet, but will give people the opportunity to earn digital assets without the risks inherent in trading in the volatile cryptocurrency market.
In the video, Chase Lockmiller, CEO of mining company Crusoe Energy(Chase Lochmiller) explains how his venture uses surplus natural gas to power data centers and cryptocurrency mining operations.Crusoe Energy uses Digital Flare Mitigation technology to prevent the burning of natural gas in oil fields and landfills.
"If you move data centers to the locations of waste power sources, it will reducethe impact of methane emissions on the environment and will make computing more energy efficient.By doing this, we will put to good use the energy that would otherwise be wasted," he saysLockmiller.
Recently, the founder of MicroStrategy, Michael Saylor, spoke out in defense of miners, tweeting that their activities reduceElectricity bills of the population.
Last year, the WEF created the Crypto Sustainability Coalition, which studiesthe impact of blockchain and Web3 projects on energy consumption, clarifying how the latest technologies can be used to improve the climate.
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