There's nothing technically getting in the way. This is essentially a social problem. So the system itself doesn't have formal leadership. And it responds to this distributed social ecosystem, if you will. Code can be developed tomorrow and suggested and tested and can move very quickly. But it's mostly something that needs to come from the community itself and the stakeholders involved in it,.
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
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