1) #Bitcoin #energy thread from @vaneck_us webinar with @JasonLes_ and @JanvanEck3. Bitcoin and bitcoin mining is becoming more environmentally conscious. 76% of miners use renewable energy sources. 39% of total miner energy consumption comes from renewables. Myth-busting thread:

11:22 AM · Apr 22, 2021

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2) #Bitcoin produces less CO2 than other financial systems. Paper currency minting emits approximately 11x CO2, gold mining 90x and the banking system emits 650x the CO2 of Bitcoin. Same approximate trajectory holds for energy consumption.
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3) #Bitcoin miners seek cheaper energy, hence renewables. Renewable energy sources such as hydroelectric, solar and wind have costs that are projected to decrease over time. The lower cost of renewable energies incentives miners to transition toward renewable & stranded energy.
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4) The median Asian and North American miner pays the same electricity price. #Bitcoin mining in North America is becoming more and more attractive.
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5) North America leads the Pack in renewable #Bitcoin mining. While Asia Leads in Total Hashpower, North America Leads in Green Hashpower.
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6) To watch the webinar discussion, go to the below site and select the Bitcoin Mining and ESG replay. If you are interested in the slides, reach out to @KyleDacruz and me. vaneck.com/us/en/calls-webin…
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7) Do note, most figures are estimates in the webinar discussion slides and none of the above is financial, legal or energy advice. We continue to welcome new data, refinements and recommendations in this space. See important disclosures on the webinar page and slides.
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