A new study finds that Bitcoin mining paired with green hydrogen could help speed up a transition to clean energy — an eyebrow-raising claim, considering strong evidence that the cryptocurrency is a big polluter. To avoid any misconceptions, The Verge spoke with researchers to understand the very narrow scenarios in which this concept might work, and possible pitfalls given the complicated reality of Bitcoin mining.
Opening up and operating a Bitcoin mine doesn’t come cheap; traditional Bitcoin mines run around the clock to recoup their costs and turn a profit. '“They’re running things as fast and as crazy as they can right now.”' “They’re not thinking very far into the future,” Joshua Rhodes, a research scientist at The University of Texas at Austin and a non-resident fellow at Columbia University, said of Bitcoin mining firms.
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