Bitcoin projected to become first monetary system to hit net zero emissions by 2024
Bitcoin (BTC) continues to receive criticism regarding its carbon footprint impact as the asset records significant adoption in different jurisdictions. However, the situation might be changing, especially with mining operators increasingly opting for renewable sources of energy in a bid to reduce carbon emissions. In particular, Bitcoin is reportedly set to achieve a net zero emission by December 2024.
According to the study, the Bitcoin network currently has 62.4% zero emissions by factoring in carbon-negative mining. By March 2023, the activity is expected to have 72.7% zero emissions based on newly announced carbon-negative projects. Under the methodology, the researchers calculated the amount of Bitcoin energy emanating from positive carbon sources and then derived the positive carbon quantity.
Source
https://t.me/CryptoMarketUpdates
