NYDIG Report: Bitcoin Provides Value That Far Outweighs Its Energy Costs

NYDIG published today “Bitcoin Net Zero,” a 70-page document that evaluated Bitcoin’s energy consumption in the context of its role in society. The paper, co-authored by Nic Carter, general partner of Castle Island Ventures, and Ross Stevens, founder and executive chairman of NYDIG, delved into the breakthrough technology’s nuances. It dealt with the benefits Bitcoin brings to society, why energy is a requirement and compared Bitcoin to similar innovations that also improve citizens’ quality of life around the world. Here you will find a summary of the main points.