This episode of Markets Daily is sponsored by Cracken.

It's Saturday, July 29th, 20203, and this is Markets Daily from CoinDusk.

George Clout is here again with your weekend story.

On today's show, we're taking a look at Bitcoin mining.

And just a reminder, CoinDisc is a news source and does not provide investment advice.

I will be reading an opinion piece by Margaret Pius,

a fellow at the Bitcoin Policy Institute,

head of sustainability at

Blockgreen, and a sustainability and Bitcoin mining consultant.

The article is titled, Revenue Constraints will drive Bitcoin mining to sustainability.

While we have made great strides in shifting the narrative around Bitcoin's bad environmental

image, we have to remember to stay balanced

in our messaging. Bitcoin mining alone won't save the planet, but it is a valuable tool

for managing some of the challenges of the energy transition. More important in the context

of climate change is that Bitcoin is essential for preserving freedom and liberty with growing

climatic pressure to destabilize nations.

Let us start with what Bitcoin mining will not be able to do.

Bitcoin mining won't push global warming past 2 degrees Celsius above pre-industrial levels

all on its own.

Bitcoin mining, based on Cambridge estimates, accounts for roughly 0.14 of total global emissions. This is but a few drops in a bucket

of greenhouse gas emissions. In reality, even if we banned Bitcoin mining today, humanity

will still be well on track to surpass 1.5 degrees Celsius of warming in the next decade.

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