Researchers at Cornell University completed a study titled “From Mining to Mitigation: How Bitcoin Can Support Renewable Energy Development and Climate Action.” The study explains that Bitcoin could be a positive factor in deploying renewable energy projects in the United States.
The study claims that some developers could profit from Bitcoin mining during the pre-commercial development phase, when mining facilities are still under development but capable of generating energy.
Of all the states surveyed by the researchers, Texas showed the greatest potential to exploit these possibilities, hosting 32 projects that could generate $47 million from mining activity. (Bitcoin.com)