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|update= {{ubl|Page needs an update for the environmental impacts from bitcoin, which is currently outdated and based on FUD, monied interests, central banks, financial service firms, and disillusioned climate change followers. Currently, there is a mention that bitcoin is responsible for 0.4% of global emissions since 2009, which is impossible, as bitcoin has no emissions, other than heat (not CO2). Emissions are generated by power production companies. Additionally, a note should be included to portray the impacts of bitcoin mining on the grid, which has led to an expansion of renewable energy in geographical regions hosting mining rigs. Incremental power capacity production has recently been utilized to provide excess or even emergency power when faced with electricity supply issues. Further, bitcoin mining companies have agreed to a number of contracts with major oil and gas companies to curtail flaring of natural gas and methane by capturing heat, leading to less CO2 and M4 pollution. Lastly, a transition to bitcoin from the current fiat regime would provide for a broad reduction in overall greenhouse gas emissions as economies would transition from wasteful and useless consumer focused production to value add products.}} |
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