“If governments regulate and tax carbon, then bitcoin demand actually supports and incentivizes, and in a way subsidizes, the installation of renewable energy.”
In this video Bitcoin philosopher king, Andreas Antonopoulos, provides his perspective on Bitcoin energy consumption. Conclusion: Bitcoin isn’t the issue, it’s the governments that allow companies to dump low-cost, dirty carbon into atmosphere. Bitcoin could harness the excess, unused energy that is wasted every day across the globe. As such, Bitcoin is an untapped resource to prevent energy wastefulness.