Can Bitcoin mining increase renewable electricity capacity?

IF 2.6 3区经济学 Q1 ECONOMICS

Resource and Energy Economics Pub Date : 2023-08-01 DOI:10.1016/j.reseneeco.2023.101376

August Bruno, Paige Weber, Andrew J. Yates

引用次数: 0

Abstract

Proponents of Bitcoin argue that demand for electricity from Bitcoin miners can lead to an increase in renewable electricity capacity. We rigorously evaluate this claim by estimating a Bitcoin electricity demand curve and include this demand curve in a long-run model of the Texas electricity market. We find that while Bitcoin mining can indeed increase renewable capacity, it also increases carbon emissions. When Bitcoin miners provide grid management services in the form of demand response, their emissions impact is largely mitigated.

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比特币挖矿能增加可再生电力容量吗？

比特币的支持者认为，比特币矿工的电力需求可以导致可再生电力容量的增加。我们通过估计比特币电力需求曲线来严格评估这一说法，并将该需求曲线纳入德克萨斯州电力市场的长期模型中。我们发现，虽然比特币挖矿确实可以增加可再生能源的容量，但它也会增加碳排放。当比特币矿工以需求响应的形式提供电网管理服务时，他们的排放影响在很大程度上得到了缓解。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Resource and Energy Economics Multiple-

CiteScore

5.40

自引率

0.00%

发文量

期刊介绍： Resource and Energy Economics provides a forum for high level economic analysis of utilization and development of the earth natural resources. The subject matter encompasses questions of optimal production and consumption affecting energy, minerals, land, air and water, and includes analysis of firm and industry behavior, environmental issues and public policies. Implications for both developed and developing countries are of concern. The journal publishes high quality papers for an international audience. Innovative energy, resource and environmental analyses, including theoretical models and empirical studies are appropriate for publication in Resource and Energy Economics.