Electric Money
Perspectives on Bitcoin, energy, and the environment

Bitcoin is our chance at a more equitable and sustainable world.

common questions

why does bitcoin exist?

Short answer: The promise of Bitcoin is to provide us with a better, fairer money. Bitcoin was released amidst the Great Financial Crisis, when the chasm between the Top 1% and Bottom 99% grew rapidly and the fragility of our financial system was revealed yet again. Bitcoin promises to help stabilize our economy, reverse decades of neglect of the lower- and middle-economic classes, and provide everyone with a means to save their life’s work in a secure currency.

Longer answer…

why does bitcoin use so much energy?

Short answer: Bitcoin is literally backed by energy. The expenditure of energy is the critical ingredient for a fair, digital currency because it forces everyone to play by the same rules (energy can’t be printed by central banks or gamed by politicians). This is accomplished through “Proof of Work,” one of the critical components of Bitcoin.

Longer answer…

what effect does bitcoin have on the environment?

Short answer: Bitcoin’s energy use is transparent and measurable; currently, almost half is from renewable sources. Importantly, Bitcoin is uniquely positioned to aid in our transition to renewable energy because it can help stabilize the power grid. By bringing Bitcoin to the source of power, we can more efficiently bring the power to us; this is a major technological leap in human history and could help bring energy access to every person in the world.

Longer answer…

Letter to the EPA

May 2, 2022

Read the letter drafted by Bitcoin community members and the Bitcoin Mining Council responding to continued misinformation and misunderstandings of bitcoin mining. The letter was sent to the US Environmental Protection Agency on May 2, 2022.

Podcast Episodes

Powering up your toaster requires a lot more than just hitting the “on” button. Listen to this two-hour podcast episode with Shaun Connell for a behind-the-scenes look at power generation and delivery and how Bitcoin is revolutionizing the industry.

Margot Paez is a Phd candidate at the Georgia Tech School of Civil and Environmental Engineering and a Fellow at the Bitcoin Policy Institute. This episode is a broad discussion on how Bitcoin strengthens human rights and supports the transition to a renewable energy grid.

the bitcoin library

Take a deep dive into understanding bitcoin. This library will give you a thorough introduction to how monetary policy affects our daily lives, why Bitcoin was invented, and how it works.

who uses bitcoin?

Human Rights Foundation. Elon Musk. Michael Saylor. Ted Cruz. Ritchie Torres. Ukraine. El Salvador.

Bitcoin is free and open-source software.

Download it and see the blockchain in action.