In Helping To Reduce Carbon Emissions, Bitcoin Mining Companies Start Using Renewable Energy

Mining companies use renewable energy to reduce carbon emissions. (Unsplash)

JAKARTA – The rise of the climate change campaign carried out by Greenpeace and a number of figures in the crypto industry has been well received by cryptocurrency mining companies.

A number of crypto mining companies are starting to abandon fossil energy and switch to renewable energy. This is because the use of renewable energy such as hydroelectric power plants is considered capable of reducing greenhouse gas emissions by 97.9 percent.

This has led to the emergence of eco-friendly mining rigs and other green initiatives that have brought Bitcoin closer to 100% eco-friendly status.

Citing BeInCrypto, mining companies themselves launch such initiatives on a regular basis. For example, Bitmain joined US-based Merkle Standard for sustainable Bitcoin mining in February.

Merkle Standard was launched to address North America's negative carbon footprint when it comes to cryptocurrency mining. While Merkle Standard uses a hydroelectric power plant in East Washington, Bitmain has been tasked with developing a 500-megawatt clean mining infrastructure with its 150.000 mining rigs.

In addition, the first country to adopt Bitcoin as its official currency, El Salvador, has used volcanic energy to support renewable and environmentally friendly energy-based mining.

El Salvador sees the immense potential of volcanic thermal energy that can be used to mine digital assets. It is also claimed that it will not affect the country's electricity reserves.

Using geothermal energy for mining is El Salvador's first step towards realizing its ambitious project, Bitoin City. The Bitcoin city was created by Samson Mow, the former Chief Strategy Officer of Blockstream based in Canada.