Recent research by the Exponential Science Foundation highlights a nuanced view of Bitcoin mining’s impact on global carbon emissions.

While generally criticized for its energy consumption, the study points out that Bitcoin could actually support the expansion of renewable energy. By serving as a flexible load, Bitcoin mining can promote grid decarbonization.

The study also cautions that not all effects are positive and calls for refined regulations that could harness Bitcoin’s potential for environmental benefits​.

The findings of this study reveal a paradox in environmental policy: blanket bans on Bitcoin mining could lead to increased carbon emissions if miners relocate to jurisdictions reliant on fossil fuels.​

Therefore, the study suggests that governments should consider these broader implications when creating policies aimed at reducing the environmental impact of Bitcoin mining​.

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