Bitcoin helps to reduce emissions

Bitcoin & Crusoe’s solution as it helps to reduce emissions and promote sustainable practices in the oil industry

The World Bank has released a groundbreaking report highlighting the unexpected environmental benefits of Bitcoin mining. The report reveals that the process of minting digital currencies like Bitcoin can actually help reduce greenhouse gas emissions and support sustainable development. Specifically, the report notes that Bitcoin mining can make use of otherwise wasted natural gas, reducing the need for flaring and venting during oil production. This innovative approach not only curbs harmful emissions but also provides a new source of income for oil producers. Based on the World Bank’s report, there…