Bitcoin [BTC] emission intensity hits new all-time low- Here’s why

ambcrypto.com:

One problem Bitcoin [BTC] miners have faced is the complaints about energy draining and untenable greenhouse gas emissions on the environment. But as of press time, the emission intensity reached a new All-Time Low (ATL), according to a Woobull chart shared by Daniel Batten (a climate activist).

1. New ATL (All Time Low)

Bitcoin is on track to 1/2 its emissions per KWh within 3.5 years

No other industry is reducing emission intensity as fast

2 Reasons: 1. Most miners now use sustainable energy sources 2. More efficient mining rigs pic.twitter.com/peRCykPck5

— Daniel Batten (@DSBatten) April 3, 2023

How much are 1,10,100 BTCs worth today ?

In his tweet, the climate tech activist and investor pointed out the reasons why the situation has changed. First, he mentioned that most miners had improved in using sustainable energy resources. And secondly, there were more structured and efficient mining rigs.

Due to these factors, mining sustainability reached an All-Time High (ATH) of 54%. Mining in crypto considers emissions and precise energy used in creating power for the activity. This, sometimes, leads to carbon emissions which only have a lesser impact than coal-powered energy.

Source: Woobull

But now that the emission intensity has reduced, it implies that Bitcoin is effectively heading toward carbon neutrality. And, according to Batten, it could reduce its impact on the environment by half in three years.

Additionally, the Bitcoin investor also noted that the sustainability ATH had slightly decreased. And this has been an aftereffect of a rising hashrate without significant mining activity. Datten noted,

“Total emissions are up from a fortnight ago. These are indirect