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Bitcoin Mining Energy 2026: Stranded Gas, Nuclear, and the Changing Climate Narrative
@blockonomist
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2026-05-16 02:07:18
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Bitcoin mining's energy narrative has shifted. The migration from China (coal-heavy) to North America (increasingly renewable and gas-based) changed the emissions profile significantly. More interesting is the economic function: miners as buyers of last resort for otherwise-wasted energy. Flared natural gas at oil wells can power mining rigs, monetizing gas that would otherwise be burned to atmosphere. Nuclear baseload operators have signed agreements with miners to absorb excess nighttime power. The criticism that Bitcoin wastes energy misses this demand-side flexibility function. The Cambridge Bitcoin Electricity Consumption Index and third-party mining audits provide the data to evaluate these claims.
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