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Bitcoin Is Set To Become A Zero-Emission Network

Bitcoin is surrounded by all kinds of predicitons these days, and most of them are optimistic despite the massive volatility that we see in the market these days. Check out the latest predictions about Bitcoin.

Bitcoin could become a zero-emission network

According to the latest reports revealed by Cointelegraph, Bitcoin mining with flared gas and animal waste gases could help the world’s largest crypto on a path to becoming zero-emission money.

A pro-Bitcoin mining report from self-proclaimed philanthropist Daniel Batten has claimed that Bitcoin could become a zero-emission network.

The report has been built upon data from the Bitcoin Mining Council to understand the impact of carbon-negative energy sources on Bitcoin’s (BTC) overall carbon footprint.

Following an investigation and extrapolation of the results, it claims to then “predict when the entire Bitcoin network becomes a zero emission network.”

Cointelegraph asks readers how does the network become carbon-negative in the first place?

“Put simply, by combusting stranded methane gas to mine BTC that would have otherwise been emitted into the atmosphere. The study finds that this process, which already happens worldwide, reduces the network’s emissions by 63%.”

The online publication notes that according to the study:

“That means that the 1.57% of the Bitcoin network using carbon-negative sources have a -4.2% impact on the carbon intensity of the Bitcoin network.”

We suggest that you check out the study in order to find out more official details.

Nexo brings $50 million more to the buyback program

The Bitcoin lender has been receiving advice from Citigroup on how to acquire distressed crypto firms amid the bear market.

Nexo has increased the size of its buyback program, and this gave the company more discretionary ability to repurchase its native token.

This is in order to boost interest payments or make strategic investments in the future. Check out the previous article in order to learn more details.

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