Bitcoin proponents respond to New York Times' BTC mining report
Bitcoin proponents accused New York Times of overstating emissions by mining companies and omitting the facts about the growing adoption of renewable energy sources for BTC mining. New York Times's latest report on Bitcoin (BTC) mining , titled “The Real-World Costs of the Digital Race for Bitcoin,” has irked many BTC proponent s. A number of Bitcoin proponent s took to Twitter to call out certain aspects of the report calling it "cheery picking data." The NYT article calls Bitcoin mining a “voracious" appetite and claims BTC mining uses as much energy as all residences in New York City. Daniel Batten, a Bitcoin environmental, social, and governance (ESG) analyst, pointed towards two major instances of cherry-picking data and neglecting the increased use of renewable energy in the mining sector. Batten noted that the NYT article overstates actual fossil fuel use for mentioned BTC miners by multi-folds and the mentioned emission levels for these miners are oversta...