NYDIG: Bitcoin mining is expected to account for 0.9% of global carbon emissions in 2030
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On September 22, New York Digital Investment Group (NYDIG) published a research paper titled "Bitcoin Net Worth" this month. “Even in our most aggressive, highest-price scenario, where Bitcoin reaches $10 trillion by 2030, its emissions would account for just 0.9% of the world’s total and its energy expenditures would account for just 0.4% of the global total,” the study showed. The study, written by Castle Island Ventures partner Nic Carter and NYDIG founder Ross Stevens, discusses how the network’s carbon emissions could change in the future, influenced by factors including fluctuations in Bitcoin’s price, mining difficulty and energy consumption. |
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