A novel Cornell Engineering study investigates how the historically energy-intensive world of cryptocurrency mining could boost the deployment of renewable energy. Research suggests that strategically combining crypto mining with green hydrogen technology could deliver economic benefits and reduce the sector's carbon footprint.
The Energy Consumption Challenge of Cryptocurrencies
With its enormous computational demands, cryptocurrency mining has earned a reputation for its substantial energy use.โ As cryptocurrency operations continue to contribute significantly to global carbon emissions, it is paramount to find ways to integrate widespread interest in cryptocurrencies with a sustainable and climate-friendly future,โ said Fengqi You, Roxanne E. and Michael Professor. J. Zak in Energy Systems Engineering. in Engineering from Cornell.
