{"id":41223,"date":"2021-04-22T13:27:15","date_gmt":"2021-04-22T10:27:15","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=41223"},"modified":"2025-08-30T17:50:38","modified_gmt":"2025-08-30T14:50:38","slug":"square-and-ark-invest-unveil-model-for-expanding-green-energy-through-bitcoin-mining","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/square-and-ark-invest-unveil-model-for-expanding-green-energy-through-bitcoin-mining\/","title":{"rendered":"Square and ARK Invest unveil model for expanding green energy through Bitcoin mining"},"content":{"rendered":"<p>Bitcoin mining could contribute to the shift toward renewable energy, according to analysts from Square and ARK Invest.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">If bitcoin needs anything, it\u2019s more white papers. In this one, <a href=\"https:\/\/twitter.com\/Square?ref_src=twsrc%5Etfw\">@Square<\/a> and <a href=\"https:\/\/twitter.com\/ARKInvest?ref_src=twsrc%5Etfw\">@ARKInvest<\/a> team up to argue for bitcoin as a key driver of renewable energy\u2019s future: <a href=\"https:\/\/t.co\/UmayxNtCFJ\">https:\/\/t.co\/UmayxNtCFJ<\/a><\/p>\n<p>Hate reading? Here\u2019s the nutshell version:<\/p>\n<p>\u2014 Square Crypto (@sqcrypto) <a href=\"https:\/\/twitter.com\/sqcrypto\/status\/1384901045134974978?ref_src=twsrc%5Etfw\">April 21, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to their study, integrating mining into power grids could raise the share of electricity from renewable sources without harming profitability. In their calculations, the analysts used real data for the city of Austin, Texas, solar-energy economics, and cryptocurrency mining.<\/p>\n<p>They note that solar energy can provide electricity at cheaper rates than fossil carbon sources. However this generation has a fundamental drawback: during periods of low demand, excess capacity is produced, and during higher demand \u2014 energy is in short supply. The problem is addressed by using battery storage, which affects the profitability of electricity production and its price.<\/p>\n<p>According to the experts, solar power could supply up to 40% of the grid\u2019s needs before industry participants face the need for substantial investments in storage capacity and higher electricity tariffs.<\/p>\n<p>The integration of Bitcoin mining can transform such intermittent energy into baseload-generating facilities.<\/p>\n<p>In the conducted \u201cproof of concept,\u201d Square and ARK Invest calculated that, depending on the scale of the mining business, the share of renewable sources in energy consumption could be raised to 99%.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"700\" height=\"433\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/1_roIr8dfAhaFVL_yocO-Cnw.png\" alt=\"Square and ARK Invest unveil model for green energy growth via Bitcoin mining\" class=\"wp-image-132631\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/1_roIr8dfAhaFVL_yocO-Cnw.png 700w, https:\/\/forklog.com\/wp-content\/uploads\/1_roIr8dfAhaFVL_yocO-Cnw-300x186.png 300w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><figcaption>Y-axis \u2014 installed solar capacity, X-axis \u2014 battery capacity. The size of the circles reflects the scale of mining capacity. Data: ARK Invest.<\/figcaption><\/figure>\n<p>The model developed by the experts, after meeting demand from consumers based on profitability, decides whether to hook up Bitcoin mining or to charge batteries.<\/p>\n<p>Earlier, Square <a href=\"https:\/\/forklog.com\/en\/news\/square-to-allocate-10m-for-renewable-energy-bitcoin-mining\">allocated $10 million<\/a> to support cryptocurrency mining using renewable energy sources.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin mining could contribute to the transition to renewable energy, according to analysts from Square and ARK Invest.<\/p>\n","protected":false},"author":1,"featured_media":41224,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1218,1137,1259,1534],"class_list":["post-41223","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-ark-invest","tag-cryptocurrency-mining","tag-ecology","tag-square"],"aioseo_notices":[],"amp_enabled":true,"views":"31","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/41223","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=41223"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/41223\/revisions"}],"predecessor-version":[{"id":41225,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/41223\/revisions\/41225"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/41224"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=41223"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=41223"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=41223"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}