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.

Melanion Digital Buying Clean Energy Bitcoins with Sustainable BItcoin Certificates

In order to work toward its goal, Melanion Digital has purchased bitcoins mined with clean energies while also obtaining sustainable certificates associated with each transaction — thus becoming one step closer towards achieving carbon neutrality in its activities related with cryptocurrencies.

Brad Van Voorhees’ Statement Regarding this Transaction

Brad Van Voorhees, Co-founder, CEO & Chairman at SBP stated: “Bitcoin has long been criticized for its energy consumption but we’re turning that perception on its head… Our team has worked tirelessly to develop this protocol & we’re excited about seeing its impact on crypto industry & fight against climate change”