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2024-04-23 01:31
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PayPal and EnergyWeb propose an incentive program to encourage Bitcoin Miner to use clean energy

PayPal is offering incentives for Bitcoin Miner to take steps to reduce the environmental impact of their operations. PayPal's Blockchain research group has partnered with the nonprofit EnergyWeb to develop a clean energy verification platform to monitor and reward less energy-intensive Bitcoin Mining businesses, PayPal said in a blog post Monday. According to industry sources, the development of the solution comes at a time when Bitcoin production is putting enormous pressure on local U.S. power grids and taxpayers. PayPal's proposed solution would distribute Bitcoin to "green" Bitcoin Miner, individuals who use low-carbon energy in their Mining businesses.
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