How are you everyone?Today I will discuss with you about cryptocurrency and renewable energy ! I will try to highlight my experience. I am young and my experience is very little so please forgive me if there are any mistake.

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Bitcoin mining is often considered environmentally harmful because it uses large amounts of electricity to power its intensive computing needs.
A new study led by Cornell researchers investigated planned renewable energy projects across the United States and calculated the potential for each project to profit from bitcoin mining in the pre-commercial development stage, when a wind or solar farm is generating electricity, but not yet integrated into the grid.
The study, "From Mining to Mitigation: How Bitcoin Can Support Renewable Energy Development and Climate Action," was published Oct. 27 in the journal ACS Sustainable Chemistry and Engineering and was authored by doctoral students Apurva Lal and Fengqi Yu, Roxanne Ye. and Michael J. Zak is a professor of energy systems engineering. Jesse Zhu, a distinguished professor at Western University in Canada, also contributed to the research.
The analysis found that Texas is the state with the highest potential, with 32 planned renewable projects that could generate a combined profit of $47 million using bitcoin mining during pre-commercial operations. The researchers determined that the Actina Solar and Roseland Solar projects in Texas – each with 250 megawatts of capacity – were found to be the most profitable, with the highest profit of $3.23 million. The Western Trail Wind project, with a capacity of 367 MW, showed a profit of $2.65 million.
California projects had the second highest amount of profit in the study, while Colorado, Illinois, Iowa, Nevada and Virginia had fewer installations but still showed profitability.
"The profitability of a mining system depends on the duration of stable energy availability since renewable energy sources can vary significantly," said You, a senior faculty fellow at the Cornell Atkinson Center for Sustainability. "Therefore, it is important to strategically place mining farms to increase productivity."

For example, you point to California, Colorado, Nevada, and Virginia as states where solar installations were the only renewable energy projects that proved profitable in pre-commercial bitcoin generation.

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The researchers proposed several policy recommendations that could help improve the economic feasibility of renewable energy projects and reduce carbon emissions. One is to provide economic rewards for environmentally responsible cryptocurrency mining, such as carbon credits for avoided emissions.
"These awards can act as an incentive for miners to adopt clean energy sources, which can lead to the combined positive effects of climate change mitigation, improved renewable energy capacity and additional profits during pre-commercial operation of wind or solar farms," ​​Lal said. “We also recommend policies that encourage cryptocurrency-mining operations to put a portion of their profits back into infrastructure development. This will help create a self-sustaining cycle for renewable energy expansion."
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