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