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In this week’s episode of “Bitcoin Bottom Line,” hosts C.J. Wilson and Josh Olszewicz are joined by particular visitor Daniel Batten to focus on bitcoin mining utilizing natural supplies. Batten is an skilled on methane and explains the advantages of bioavailable power. “If you are taking your power source, such as natural gas that would otherwise stay in the ground, it is carbon positive when you take it out of the pipeline. This will contribute to carbon emissions and is absolutely the type of bitcoin mining we want to do.”
Batten goes on to discuss how there is one other type of methane that doesn’t come from the bottom and is freely emitted into the environment. “This comes from farms or anywhere you have anaerobically decaying organic matter, which are things that rot without air. Global warming is about several different emissions that all have their global warming potential. If we compare methane to carbon dioxide, methane is more warming and breaks down faster than carbon dioxide and then turns into it.”
The United Nations Environment Programme has said that methane is the strongest lever to scale back local weather change over the subsequent twenty-5 years. “This is because it increases at a parabolic rate and is 84-times more warming than carbon dioxide. If you can find a way to use it as a fuel source, you are removing it from the atmosphere.”
Wilson, Olszewicz and Batten focus on the advantages to our surroundings of utilizing these emissions and potential methods to accomplish that. They wrap up the episode by speaking about how this is not a single-answer drawback and lots of preventative measures will want to be put in place to influence local weather change. Batten states, “There is enough landfill gas around the world to power the Bitcoin network many times over. Bitcoin does not produce enough energy to solve this problem single-handedly.”