A recent IMF report claiming that carbon emissions from artificial intelligence and cryptocurrency use are rising has prompted a response from Bitcoin advocate Daniel Patten.
the a report Regulators are being proposed to impose a “crypto-carbon” tax due to the alleged environmental impact of Bitcoin (BTC) mining.
Butter argue The report is based on flawed comparisons and outdated data, and goes on to criticize the IMF’s use of “guilt by association,” equating the carbon footprint of Bitcoin mining with that of AI data centers without contemporary evidence.
Patten points out that Bitcoin mining, unlike AI data centers, has proven to have a net carbon removal effect In relation to power grids, citing studies that highlight these differences.
Bitcoin mining emissions
Patten also took issue with the IMF’s use of unreliable sources and hypothetical models, which he claims distort the true environmental impact of Bitcoin mining.
According to Patten, independent data shows that Bitcoin’s share of global electricity use and carbon dioxide emissions will decline by 2027, contrary to IMF forecasts.
In his tweet, Patten called for more honest and rigorous research, emphasizing the growing scientific consensus that Bitcoin mining has significant environmental benefits. Patten warned that the IMF report, in its current form, is misleading and not a reliable source for policymakers.
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