Bitcoin environmental FUD offsetting cost

Electricity consumption:

This means that Bitcoin can offset it's carbon fingerprint by buying 1.6 billion dollars worth of carbon credits (600 Million dollars if we substrated the renewables), this constitutes 0.001% of the total bitcoin Market cap, and about 7% of bitcoin mining revenue.

Mining ASICs recycling: – Bitcoin e waste is 30.7 metric kilotons annually.

This means tha bitcoin mining ASICs could be recycled for 0.276 billion dollars, this constitutes 0.0003% of the total bitcoin Market cap, and about 2% of bitcoin mining revenue.

I am not arguing the we should buy carbon credits or force recycling old ASICs, but I think we should remember the I don't cost that much to do so and to kill the environmental FUD once and for ever.

submitted by /u/mujshanan92
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