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Bitcoin Uses a Ton of Energy — On Purpose. Is it Worth It?

Bitcoin Uses a Ton of Energy — On Purpose. Is it Worth It?

FromClimate One


Bitcoin Uses a Ton of Energy — On Purpose. Is it Worth It?

FromClimate One

ratings:
Length:
59 minutes
Released:
Apr 14, 2023
Format:
Podcast episode

Description

Studies estimate that global bitcoin mining uses more electricity than most countries, and that bitcoin mining may be responsible for about 65 megatons of carbon dioxide a year, comparable with the emissions of Greece. Some bitcoin operations are bringing old coal plants back on line, even as lobbyists for the bitcoin mining industry argue that mining operations can have a positive impact on the climate by creating more demand for carbon-free power. But even if all of the power were derived from green sources, is bitcoin mining really the best use of renewable electricity? 

This episode features a report by multimedia journalist Lily Jamali of the public radio program Marketplace, who takes us inside a crypto mining facility in upstate New York.

Guests:
Rolf Skar, Senior Advisor, Greenpeace USA
Brittany Kaiser, Chair of the Board, Gryphon Digital Mining
Thomas Cmar, Senior Attorney, Earthjustice 
Freelance news feature by Lily Jamali of Marketplace

For show notes and related links, visit https://www.climateone.org/watch-and-listen/podcasts
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Released:
Apr 14, 2023
Format:
Podcast episode

Titles in the series (100)

We’re living through a climate emergency; addressing this crisis begins by talking about it. Host Greg Dalton brings you empowering conversations that connect all aspects of the challenge — the scary and the exciting, the individual and the systemic. Join us.