Bitcoin Mining Goes Climate-Positive with Sustainable Bitcoin Certificates
- Sustainable Bitcoin Protocol Pioneers New Method for Institutions to Hold Climate-Positive Bitcoin – Sustainable Bitcoin Protocol (SBP) has developed a process that captures the value of bitcoin mined using clean energy by creating a new tokenized environmental asset called the Sustainable Bitcoin Certificate (SBC). SBC can be sold to institutional investors and held alongside bitcoin to ensure an investor’s holdings are verifiably climate-positive and exceed their environmental goals.
- The Process to Earn SBCs – To earn SBC, bitcoin miners must pass a third-party audit of their clean energy use. This includes the adoption of renewable energy forms such as solar, hydro and wind; investment in and financial support of renewable energy via purchase and retirement of Energy Attribute Certificates such as RECs; and adoption of CO2e reduction mitigation technologies (i.e. waste methane gas mitigation).
- The Impact on Climate Change – By incentivizing the use of renewable and clean energy for bitcoin mining, Bitcoin’s energy-intensive processes can be leveraged to create a climate positive asset that finances renewable and clean energy development on a scale far greater than the total amount of energy that the Bitcoin network could ever consume.
Sustainable Bitcoin Protocol Pioneers New Method for Institutions to Hold Climate-Positive Bitcoin
Sustainable Bitcoin Protocol (SBP) has developed a process that captures the value of bitcoin mined using clean energy by creating a new tokenized environmental asset called the Sustainable Bitcoin Certificate (SBC). SBC can be sold to institutional investors and held alongside bitcoin to ensure an investor’s holdings are verifiably climate-positive and exceed their environmental goals. The goal is to use 100% renewable energy to mine bitcoin.
The Process to Earn SBCs
To earn SBC, bitcoin miners must pass a third-party audit of their clean energy use. This includes the adoption of renewable energy forms such as solar, hydro and wind; investment in and financial support of renewable energy via purchase and retirement of Energy Attribute Certificates such as RECs; and adoption of CO2e reduction mitigation technologies (i.e. waste methane gas mitigation).
The Impact on Climate Change
By incentivizing the use of renewable and clean energy for bitcoin mining, Bitcoin’s energy-intensive processes can be leveraged to create a climate positive asset that finances renewable and clean energy development on a scale far greater than the total amount of energy that the Bitcoin network could ever consume.