WattTime finds 85% of Bitcoin mining load is powered by fossil fuels
Ben Hertz-Shargel · The great Bitcoin energy debate · May 11, 2023 · at 20:01
Ben Hertz-Shargel of Wood Mackenzie explains marginal emissions modeling in wholesale electricity markets and cites WattTime's empirical findings regarding Bitcoin mining's impact on grid dispatch.
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“And so Watt Time, that is the general methodology that they use. They found that 85% of incremental load from Bitcoin mining comes from coal and natural gas plants.”
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