5min chapter

Coin Stories with Natalie Brunell cover image

Bonus: Nic Carter Article on WH Report on Bitcoin Mining Climate Impact

Coin Stories with Natalie Brunell

CHAPTER

The OSTP Report on Mining With Flared Natural Gas Is a Bad Idea

The White House Office of Science and Technology Policy has released a report on Bitcoin. The paper is effectively an extended literature review, with very little in the way of new data or analysis presented. There are a number of outright falsehoods in the report, which I've highlighted in purple. To get to the bottom of Bitcoin's energy consumption, likely future trajectory, and emissions profile, you will need to do some original work. We can ignore everything else, since post-merge, only Bitcoin will remain as a meaningful proof of work blockchain.

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