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Turning landfill waste gas into Bitcoin: incentivizing methane mitigation for climate action
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Our deep dive today explores the economic and environmental benefits of integrating Bitcoin mining with landfill gas-to-energy (LFGTE) projects.
This podcast draw on two sources, a recent article in the Journal of Cleaner Production by Murray Rudd, Matthew Jones, Daniel Sechrest, Daniel Batten, and Dennis Porter, and, to put the technicalities into plain English, Rudd's Bitcoin Distillery blog post summarizing the article more informally.
The official citation for the journal article is:
Rudd MA, Jones M, Sechrest D, Batten D, Porter D: An integrated landfill gas-to-energy and Bitcoin mining framework. Journal of Cleaner Production 2024, 472:143516. doi: https://doi.org/10.1016/j.jclepro.2024.143516
The Monte Carlo model highlights the potential for Bitcoin mining to create a market-driven strategy for methane mitigation, incentivizing private-sector investment in climate action. Key findings emphasize the importance of factors like electricity costs, Bitcoin hashprice volatility, and advanced mining technology in determining profitability.
The study also acknowledges the need for further research on optimizing scalability, adapting regulatory frameworks, and improving public perception of Bitcoin mining as a sustainable solution.
Note that two of the coauthors (Matthew Jones, Daniel Sechrest) are with Nodal Power, and operate landfill gas Bitcoin mining facilities in the Southwest US, so this isn't just academics dreaming up modeling scenarios: the modeling effort has grounding in the real world.
This was a Satoshi Action Education project. Visit the Bitcoin Distillery blog for the summary, as well as summaries from >300 other Bitcoin-relevant podcast 'briefing notes' and academic research papers.
Links
The Bitcoin Distillery: https://www.murrayrudd.pro/
Dr. Murray Rudd on X: https://x.com/DrMurrayRudd
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