“Our team has worked tirelessly to develop the protocol and we’re excited to see the impact it will have on the crypto industry and the fight against climate change. Bitcoin mining is not carbon-free, despite claims circulating online. By creating a verifiably climate-positive asset, we’re harnessing the power of Bitcoin to drive the clean energy transition and combat climate change. In a statement released, Sustainable Bitcoin Protocol CEO and Co-Founder Brad Van Voorhees commented: “Bitcoin has long been criticised for its energy consumption, but we’re turning that perception on its head. Central banks were buying Gold at a record pace in 2022 and theyre of to another strong start. With Gold at 2,000 and Copper set to see a China lift, we cover Agnico Eagle Mines, First Majestic Silver, and Southern Copper. As well, the company can boast the support and backing of a number of well known climate scientists, economists, NGOs, and academic institutions. Blue Line Capital president Bill Baruch and analyst Jannis Meindl discuss the macro outlook and what it means for metals. The first Sustainable Bitcoin Protocol transaction was done by CleanSpark, one of the better known sustainable Bitcoin miners in the United States. In order to obtain an SBC, miners of bitcoin must undergo an audit of their energy use by a third party. Tuur Demeester has a self-described out of the box approach to macroeconomic analysis, and it’s one that has made his insight into Bitcoin’s unprecedented potential sought after by institutions (in 2021, Demeester’s bitcoin alpha fund Adamant Capital was sold to Blockstream, where he is now an advisor) as well as individuals (Demeester’s is ranked as the third best Bitcoin. The SBCs are created through three processes: adopting renewable energy such as hydro, solar and wind financially supporting renewable energy through the purchase and retirement of Energy Attribute Certificates and adopting CO2 reduction technology. The certificates are to be sold to institutional investors who will hold them alongside bitcoin, ensuring that their holdings are climate-positive and in line with their environmental goals. Bitcoin mining is not carbon-free, despite claims circulating online. To offset this, the start up Sustainable Bitcoin Protocol has created what it terms a Sustainable Bitcoin Certificate (SBC), a tokenized product “that captures the value of bitcoin mined using clean energy.” As the world becomes enamoured with Bitcoin so has the mining of the cryptocurrency been called out for the damage it does to the environment, a result of the intensive computing power required.
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