Rebuttal of GreenpeaceUSA Report on Bitcoin

Rebuttal of GreenpeaceUSA Report on Bitcoin

Daniel Batten: in July 2023, GreenpeaceUSA published a report “Investing in Bitcoin’s Climate Pollution”. My rebuttal argues that the report recycles many already widely-debunked claims about Bitcoin, uses unsubstantiated fear about “what might happen” rather than evidence to influence readers, and repeatedly avoids important contextualizing information in order to present a skewed and in many cases false appraisal of Bitcoin.

Bitcoin’s Energy Usage Isn’t a Problem. Here’s Why.

LYN ALDEN, August 2021, updated December 2021 - Bitcoin’s energy usage is a rounding error as far as global energy usage is concerned. And I mean that literally; when scientists estimate that the world uses a certain amount of energy in a given year, they can easily be off by a couple percentage points in either direction, let alone a couple tenths of a percent. Bitcoin is estimated to use less than one tenth of one percent.

The Cambridge Bitcoin Electricity Consumption Index (CBECI) 

The Cambridge Bitcoin Electricity Consumption Index (CBECI) provides an up-to-date estimate of the Bitcoin network’s daily electricity load. The underlying techno-economic model is based on a bottom-up approach initially developed by Marc Bevand  in 2017 that uses the profitability threshold of different types of mining equipment as the starting point.

The Bitcoin Energy Revolution

Preston Pysh talks with energy executive, Shaun Connell. They discuss how Bitcoin strengthens the grid and acts as a buffer to consume surplus baseload energy generation.