Bitcoin Mining is Predominantly Renewables Driven | Christopher Bendiksen
Channel: Value of Bitcoin
Date: 2021-01-23

And Can Offer Us A Unique Opportunity To “Subsidise” Renewables Projects Without Government Involvement

Over the past few years, Bitcoin mining has become the target of climate idealists claiming it to be an exceptionally dirty industry and arguing for restrictive government intervention. According to our research this is doubly mistaken. Not only do we believe the Bitcoin mining is predominantly powered by renewable energy, we also argue that it offers us a unique chance to increase the profitability of renewable power projects, giving us the opportunity to “subsidise” the development of cheap renewable energy projects without the involvement of tax-payers or government bureaucrats.

Christopher is the Head of Research at CoinShares, an investment ﬁrm that manages hundreds of millions in assets on behalf of a global investor base, and trusted voice in the digital asset ecosystem. As Head of Research he oversees the ﬁrm’s research efforts and provides internal and external guidance on developments in the crypto industry. Prior to joining CoinShares in 2017, Christopher worked in energy shipping where he analysed global energy markets and international ﬂows of liquiﬁed natural gas. Since 2019, he has given guest lectures for London Business School’s Blockchain Series on the topics of Bitcoin Building Blocks and System Architecture.

About Bitcoin he says:
"Bitcoin is a lot more than you think it is"

This presentation was performed during the Value of Bitcoin Conference 2020 - on June 2nd 2020
Follow the Value of Bitcoin on Twitter - http://www.twitter.com/ValueOfBitcoin