气候变化领域集成服务门户(CCPortal): Can bitcoin mining empower energy transition and fuel sustainable development goals in the US?

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DOI	10.1016/j.jclepro.2024.140799
	Can bitcoin mining empower energy transition and fuel sustainable development goals in the US?
	Lal, Apoorv; Niaz, Haider; Liu, J. Jay; You, Fengqi
发表日期	2024
ISSN	0959-6526
EISSN	1879-1786
起始页码	439
卷号	439
英文摘要	The transition to renewable energy in the US, vital for Sustainable Development Goals (SDGs) 7 and 13, faces economic obstacles, leaving a knowledge gap regarding potential innovative solutions to accelerate this shift. Simultaneously, the energy-intensive nature of blockchain applications like bitcoin mining is a cause for climate concerns. This work addresses the previously unanswered research question of whether bitcoin mining can be strategically used to harness surplus renewable energy from forthcoming clean energy installations, bridging the gap between economic viability and SDGs. Specifically, we conduct a comprehensive analysis, comparing the economic returns of bitcoin mining with three alternative chemical-based energy storage systems, including hydrogen, ammonia, and methanol, all powered by planned renewable sources. Mixed-integer linear programs were formulated to determine the maximum profits that can be obtained based on power utilization from planned renewable installations using varying alternatives. Results suggest that bitcoin mining is profitable in 80 out of 83 examined planned installations, generating a maximum profit of $7.68 million and harnessing 62% of the available renewable energy. Therefore, integrating bitcoin mining with planned renewable installations offers a dual solution of bolstering investments in the renewable energy sector while addressing climate concerns associated with conventional mining operations.
英文关键词	Renewable energy; Climate change; Bitcoin; Hydrogen
语种	英语
WOS研究方向	Science & Technology - Other Topics ; Engineering ; Environmental Sciences & Ecology
WOS类目	Green & Sustainable Science & Technology ; Engineering, Environmental ; Environmental Sciences
WOS记录号	WOS:001170369900001
来源期刊	JOURNAL OF CLEANER PRODUCTION
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/294044
作者单位	Cornell University; Cornell University; Pukyong National University; Pukyong National University
推荐引用方式 GB/T 7714	Lal, Apoorv,Niaz, Haider,Liu, J. Jay,et al. Can bitcoin mining empower energy transition and fuel sustainable development goals in the US?[J],2024,439.
APA	Lal, Apoorv,Niaz, Haider,Liu, J. Jay,&You, Fengqi.(2024).Can bitcoin mining empower energy transition and fuel sustainable development goals in the US?.JOURNAL OF CLEANER PRODUCTION,439.
MLA	Lal, Apoorv,et al."Can bitcoin mining empower energy transition and fuel sustainable development goals in the US?".JOURNAL OF CLEANER PRODUCTION 439(2024).