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New OP_RETURN
{p:brc-20,op:mint,tick:KEK,amt:10000}
https://mempool.space/tx/a176e03eaeb5a40882472bce529835b3d9cc7d2d6ca15c49b8216b5da8694944


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Yh


tags: Sparrow is a free and open-source modern desktop Bitcoin wallet application supporting most hardware wallets and built on common standards such as PSBT, with an emphasis on transparency and usability.

content:
[Contribute to keep No Bullshit Bitcoin news going.](https://geyser.fund/project/nobsbitcoin)

![Sparrow Wallet v2.2.1: Recent Blocks View, Improved Camera, Tor & P2A Updates](https://www.nobsbitcoin.com/content/images/2025/05/sparrow-wallet-v220.jpg)

This update brings key enhancements for clarity and usability:

*   **Recent Blocks View**: Added to the Send tab and inspired by Mempool's visualization, it displays the last 2 blocks and the estimated next block to help choose fee rates.
*   **Camera System Overhaul**: Features a new library for higher resolution detection and mouse-scroll zoom support when available.
*   **Vector-Based Images**: All app images are now vectorized and theme-aware, enhancing contrast, especially in dark mode.
*   **Tor & P2A Updates**: Upgraded internal Tor and improved support for pay-to-anchor (P2A) outputs.
*   **Linux Package Rename**: For Linux users, Sparrow has been renamed to sparrowwallet (or sparrowserver); in some cases, the original sparrow package may need manual removal.
*   Additional updates include showing total payments in multi-payment transaction diagrams, better handling of long labels, and other UI enhancements.

[![Sparrow Wallet v2.2.1: Recent Blocks View, Improved Camera, Tor & P2A Updates](https://www.nobsbitcoin.com/content/images/2025/05/image-12.png)](https://xcancel.com/SparrowWallet/status/1925130328697369071)

*   [**Sparrow v2.2.1**](https://github.com/sparrowwallet/sparrow/releases) is a bug fix release that addresses missing UUID issue when starting Tor on recent macOS versions, icons for external sources in Settings and Recent Blocks view, repackaged `.deb` installs to use older gzip instead of zstd compression, and removed display of median fee rate where fee rates source is set to Server.

**Learn how to get started with Sparrow wallet:**

Release notes (v2.2.0)
----------------------

*   Added Recent Blocks view to Send tab.
*   Converted all bitmapped images to theme aware SVG format for all wallet models and dialogs.
*   Support send and display of pay to anchor (P2A) outputs.
*   Renamed `sparrow` package to `sparrowwallet` and `sparrowserver` on Linux.
*   Switched camera library to openpnp-capture.
*   Support FHD (1920 x 1080) and UHD4k (3840 x 2160) capture resolutions.
*   Support camera zoom with mouse scroll where possible.
*   In the Download Verifier, prefer verifying the dropped file over the default file where the file is not in the manifest.
*   Show a warning (with an option to disable the check) when importing a wallet with a derivation path matching another script type.
*   In Cormorant, avoid calling the `listwalletdir` RPC on initialization due to a potentially slow response on Windows.
*   Avoid server address resolution for public servers.
*   Assume server address is non local for resolution failures where a proxy is configured.
*   Added a tooltip to indicate truncated labels in table cells.
*   Dynamically truncate input and output labels in the tree on a transaction tab, and add tooltips if necessary.
*   Improved tooltips for wallet tabs and transaction diagrams with long labels.
*   Show the address where available on input and output tooltips in transaction tab tree.
*   Show the total amount sent in payments in the transaction diagram when constructing multiple payment transactions.
*   Reset preferred table column widths on adjustment to improve handling after window resizing.
*   Added accessible text to improve screen reader navigation on seed entry.
*   Made Wallet Summary table grow horizontally with dialog sizing.
*   Reduced tooltip show delay to 200ms.
*   Show transaction diagram fee percentage as less than 0.01% rather than 0.00%.
*   Optimized and reduced Electrum server RPC calls.
*   Upgraded Bouncy Castle, PGPainless and Logback libraries.
*   Upgraded internal Tor to v0.4.8.16.
*   Bug fix: Fixed issue with random ordering of keystore origins on labels import.
*   Bug fix: Fixed non-zero account script type detection when signing a message on Trezor devices.
*   Bug fix: Fixed issue parsing remote Coldcard xpub encoded on a different network.
*   Bug fix: Fixed inclusion of fees on wallet label exports.
*   Bug fix: Increase Trezor device libusb timeout.

**Linux users**: Note that the `sparrow` package has been renamed to `sparrowwallet` or `sparrowserver`, and in some cases you may need to manually uninstall the original `sparrow` package. Look in the `/opt` folder to ensure you have the new name, and the original is removed.

What's new in v2.2.1
--------------------

*   Updated Tor library to fix missing UUID issue when starting Tor on recent macOS versions.
*   Repackaged `.deb` installs to use older gzip instead of zstd compression.
*   Removed display of median fee rate where fee rates source is set to Server.
*   Added icons for external sources in Settings and Recent Blocks view
*   Bug fix: Fixed issue in Recent Blocks view when switching fee rates source
*   Bug fix: Fixed NPE on null fee returned from server

[**Announcement**](https://njump.me/nevent1qqszm2pjnt464tu242awrwkyvqgt590rvsf2lk7lgj0glpae0ts0epspp4mhxue69uhkummn9ekx7mqzyzl85553k5ew3wgc7twfs9yffz3n60sd5pmc346pdaemf363fuywv4yjku6) / [Archive](http://archive.today/V2tHL)
[**GitHub Repo**](https://github.com/sparrowwallet/sparrow/releases)


pkVoF9XOPvt28AWgaTZqpnAoX5Ltrxqs4kfwYDQ3p9hyN7HXbD0kp8yNn/vZu7QG?iv=dgXogGeI36OFp7SlxIkGDw==


tags: Bitcoin coverage as a litmus test for media reliability

tags: Overview Bitcoin coverage is a strong gauge of media integrity because it exposes outlets that prioritize sensationalism over facts, lack technical understanding, or succumb to ideological/industry bias. It is also an effective gauge of a media outlet’s neutrality, investigative rigor, and thorough fact-checking because it is a complex, polarizing topic that demands unbiased analysis and meticulous research to navigate its technical, economic, and environmental dimensions accurately. Outlets that excel, such as Forbes with its detailed reports integrating peer-reviewed research on Bitcoin mining’s environmental benefits, demonstrate a commitment to neutral appraisal and depth, suggesting broader journalistic integrity. Conversely, outlets like The New York Times show clear evidence of employing a morality play framing with heroes and villains, which tends to work against nuance and leads to looking for data to support the narrative, rather than the other way around. The Economist, marked by persistent falsehoods, reveals biases and lapses in fact-checking that likely extend to other subjects. The topic’s technical nature and the diversity of stakeholder interests—ranging from environmentalists to financial innovators—require outlets to conduct independent and critical analysis, and verify claims rigorously, making their Bitcoin reporting a good litmus test for overall reliability. Methodology This report provides a comprehensive analysis of the media reliability index for major outlets’ coverage of Bitcoin, as of June 11, 2025. The index evaluates five sub-measures: 1. Ability to Conduct Novel Research (vs. relying on cut-and-paste reporting), 2. Depth of Thinking (over sensationalist headlines), 3. Neutral Appraisal (presenting a balanced view), 4. Avoidance of Groupthink (challenging prevailing narratives), 5. Speed in Overcoming Negativity Bias (moving past initial bias toward an evidence-based assessment). Coverage of any novel technology is generally a good way to stress-test reliability of media, being the area where faults in fact checking are most likely to be revealed. We can see this in media coverage across time of novel technologies including the bicycle, the radio and the Internet, all of which revealed where media outlets were more likely to favor recycling of other journalists’ work, sensational headlines and non-neutral appraisals with a general disinclination to challenge prevailing narratives for some time. Each was scored on a 0-10 scale. The following sections detail the methodology, findings, and commentary, ensuring a thorough understanding of the results, with specific recalibrations for BBC and New York Times Survey Scope The analysis began by collecting posts from July 2022- June 2025 for a range of mainstream media outlets that regularly comment on Bitcoin: Verge, WIRED, The Guardian, New York Times, The Economist, The Financial Times, Bloomberg, BBC, Forbes, Reuters, CNBC, and The Street. The posts were analyzed for sentiments—criticisms, praises, or neutral mentions—related to each outlet’s Bitcoin coverage. Next, scores were inferred based on the content of each article from each media outlet. Detailed Findings The resulting media reliability index is presented in the table below, ranked from best to worst based on average scores. Media OutletNovel ResearchDepth of ThinkingNeutral AppraisalAvoidance of GroupthinkOvercoming Negativity BiasAverage Score Forbes889988.4 The Street778887.6 Bloomberg778877.4 Reuters778877.4 CNBC667766.4 BBC454564.8 The Financial Times543454.2 The Guardian342322.8 WIRED342232.8 New York Times351222.6 The Verge232122.0 The Economist231211.8 Individual Outlet Analysis Below is a detailed commentary for each outlet The Street: The coverage marks a significant evolution in perspective, highlighted by an article asserting Bitcoin’s role in the future of finance and renewable energy, with Overcoming Negativity Bias (8/10) as the key factor, averaging 7.6. Bloomberg: The coverage stands out for recognizing Bitcoin’s environmental advantages, such as reporting on miners utilizing Iceland’s renewable energy surplus, with Neutral Appraisal (8/10) as the most salient, averaging 7.4. Reuters: The coverage mirrors Bloomberg’s nuanced framing of Bitcoin mining, exemplified by reporting on MARA’s methane emission reduction efforts, and use of stranded energy in Iceland, with Neutral Appraisal (8/10) driving the average of 7.4. CNBC: The coverage offers a balanced perspective, notably acknowledging Bitcoin’s contribution to African renewables, with Overcoming Negativity Bias (6/10) as the most relevant, averaging 6.4. BBC: The coverage features a positive report on Bitcoin mining’s role in rural electrification, with Overcoming Negativity Bias (6/10) as the key improvement. The history of non-nuanced framing, including use of non-peer reviewed science for sensationalist headlines dragged down the score, averaging 4.8. The Financial Times: The coverage reflects a mixed track record, with a pro-Bitcoin ESG article in December 2023 undermined by later critiques, with Neutral Appraisal (3/10) highlighting the inconsistency, averaging 4.2. The Guardian: The coverage is marred by significant errors, and lack of fact checking such as mislabeling gas plant noise as cryptocurrency mining sound, with Neutral Appraisal (2/10) as the most critical weakness, averaging 2.8. WIRED: The coverage includes instances of many misleading and factually incorrect claims. For example, WIRED claimed that Bitcoin mining destabilizes grids, despite the fact this has been debunked in peer reviewed research (their article was also community noted). Neutral Appraisal (2/10) was their lowest rating, averaging 2.8. New York Times: The coverage reveals a consistent framing of Bitcoin mining as a villain in a morality play. Of particular note was a 2023 article which selectively used data, and misusing marginal emissions accounting to create a heavily distorted view of Bitcoin mining. Neutral Appraisal (1/10) as the most glaring deficiency, averaging 2.6. The Verge: The coverage exhibits severe factual errors, such as unsupported claims about IMF paper momentum, with Avoidance of Groupthink (1/10) as the most prominent failing, averaging 2.0. The Economist: The coverage reflects the most pronounced falsehoods about Bitcoin, with Overcoming Negativity Bias (1/10) as the most critical shortcoming, averaging 1.8. Implications and Use as a Reliability Tool This index reflects how each outlet handles Bitcoin coverage, providing insight into their broader journalistic reliability. Higher-scoring outlets like Forbes and The Street demonstrate a commitment to balanced, informed reporting and re-evaluation of previous articles based on new evidence. Less reliable outlets like The Economist and The Verge show persistent issues with bias and accuracy. The BBC’s rating of 4.8 acknowledges its recent positive article on Bitcoin Mining but notes that this is an outlier in an overall trend of inaccuracies and non-objective appraisal. The NYTimes’ score of 2.6 highlights its lack of nuance in appraising Bitcoin, and evidence of using data selectively to suit a narrative, plus the impact of its much criticized article on Bitcoin mining in 2023.

content:
![](https://lh7-rt.googleusercontent.com/docsz/AD_4nXdlrTKx-ioau_IUyzqhEput4DcSRpyx45LHb2nqI9RzJUOSLjytoaKtXE88vY_ZNE-XyXK6Tg4CJhkScjtXAYV75knzrXVbQmdRQAvRzUPxoKJziPGr4yIoq09fsAW7g6lYU-SZ_w?key=rR-xu87mGFzliWEIzUWVOw)

### Overview

Bitcoin coverage is a strong gauge of media integrity because it exposes outlets that prioritize sensationalism over facts, lack technical understanding, or succumb to ideological/industry bias.

It is also an effective gauge of a media outlet’s neutrality, investigative rigor, and thorough fact-checking because it is a complex, polarizing topic that demands unbiased analysis and meticulous research to navigate its technical, economic, and environmental dimensions accurately.

Outlets that excel, such as Forbes with its detailed reports integrating peer-reviewed research on Bitcoin mining’s environmental benefits, demonstrate a commitment to neutral appraisal and depth, suggesting broader journalistic integrity. Conversely, outlets like The New York Times show clear evidence of employing a morality play framing with heroes and villains, which tends to work against nuance and leads to looking for data to support the narrative, rather than the other way around. The Economist, marked by persistent falsehoods, reveals biases and lapses in fact-checking that likely extend to other subjects.

The topic’s technical nature and the diversity of stakeholder interests—ranging from environmentalists to financial innovators—require outlets to conduct independent and critical analysis, and verify claims rigorously, making their Bitcoin reporting a good litmus test for overall reliability.

### Methodology

This report provides a comprehensive analysis of the media reliability index for major outlets’ coverage of Bitcoin, as of June 11, 2025.

The index evaluates five sub-measures:

1\. Ability to Conduct Novel Research (vs. relying on cut-and-paste reporting),

2\. Depth of Thinking (over sensationalist headlines),

3\. Neutral Appraisal (presenting a balanced view),

4\. Avoidance of Groupthink (challenging prevailing narratives),

5\. Speed in Overcoming Negativity Bias (moving past initial bias toward an evidence-based assessment).

Coverage of any novel technology is generally a good way to stress-test reliability of media, being the area where faults in fact checking are most likely to be revealed. We can see this in media coverage across time of novel technologies including the bicycle, the radio and the Internet, all of which revealed where media outlets were more likely to favor recycling of other journalists’ work, sensational headlines and non-neutral appraisals with a general disinclination to challenge prevailing narratives for some time.

![](https://lh7-rt.googleusercontent.com/docsz/AD_4nXfuznJNeVqB8Wz1TpkQTqfgOGbUGnfUDeR9asy-YF858x5SphH13eJN8hwcCcQuPnpi7jXhtNnQl3kiQljosiWRf4YjGKKlNoqkfsxGZ0ga_u-zaNEKM0NN5iDBbedpvC1Wz9UAPQ?key=rR-xu87mGFzliWEIzUWVOw)

Each was scored on a 0-10 scale. The following sections detail the methodology, findings, and commentary, ensuring a thorough understanding of the results, with specific recalibrations for BBC and New York Times

### Survey Scope

The analysis began by collecting posts from July 2022- June 2025 for a range of mainstream media outlets that regularly comment on Bitcoin: Verge, WIRED, The Guardian, New York Times, The Economist, The Financial Times, Bloomberg, BBC, Forbes, Reuters, CNBC, and The Street. The posts were analyzed for sentiments—criticisms, praises, or neutral mentions—related to each outlet’s Bitcoin coverage. Next, scores were inferred based on the content of each article from each media outlet.

### Detailed Findings

The resulting media reliability index is presented in the table below, ranked from best to worst based on average scores.

**Media Outlet**

**Novel Research**

**Depth of Thinking**

**Neutral Appraisal**

**Avoidance of Groupthink**

**Overcoming Negativity Bias**

**Average Score**

Forbes

8

8

9

9

8

8.4

The Street

7

7

8

8

8

7.6

Bloomberg

7

7

8

8

7

7.4

Reuters

7

7

8

8

7

7.4

CNBC

6

6

7

7

6

6.4

BBC

4

5

4

5

6

4.8

The Financial Times

5

4

3

4

5

4.2

The Guardian

3

4

2

3

2

2.8

WIRED

3

4

2

2

3

2.8

New York Times

3

5

1

2

2

2.6

The Verge

2

3

2

1

2

2.0

The Economist

2

3

1

2

1

1.8

### Individual Outlet Analysis

Below is a detailed commentary for each outlet

**The Street**: The coverage marks a significant evolution in perspective, highlighted by an article asserting Bitcoin’s role in the future of finance and renewable energy, with Overcoming Negativity Bias (8/10) as the key factor, averaging 7.6.

**Bloomberg**: The coverage stands out for recognizing Bitcoin’s environmental advantages, such as reporting on miners utilizing Iceland’s renewable energy surplus, with Neutral Appraisal (8/10) as the most salient, averaging 7.4.

**Reuters**: The coverage mirrors Bloomberg’s nuanced framing of Bitcoin mining, exemplified by reporting on MARA’s methane emission reduction efforts, and use of stranded energy in Iceland, with Neutral Appraisal (8/10) driving the average of 7.4.

**CNBC**: The coverage offers a balanced perspective, notably acknowledging Bitcoin’s contribution to African renewables, with Overcoming Negativity Bias (6/10) as the most relevant, averaging 6.4.

**BBC**: The coverage features a positive report on Bitcoin mining’s role in rural electrification, with Overcoming Negativity Bias (6/10) as the key improvement. The history of non-nuanced framing, including use of non-peer reviewed science for sensationalist headlines dragged down the score, averaging 4.8.

**The Financial Times**: The coverage reflects a mixed track record, with a pro-Bitcoin ESG article in December 2023 undermined by later critiques, with Neutral Appraisal (3/10) highlighting the inconsistency, averaging 4.2.

**The Guardian**: The coverage is marred by significant errors, and lack of fact checking such as mislabeling gas plant noise as cryptocurrency mining sound, with Neutral Appraisal (2/10) as the most critical weakness, averaging 2.8.

**WIRED**: The coverage includes instances of many misleading and factually incorrect claims. For example, WIRED claimed that Bitcoin mining destabilizes grids, despite the fact this has been debunked in peer reviewed research (their article was also community noted). Neutral Appraisal (2/10) was their lowest rating, averaging 2.8.

**New York Times**: The coverage reveals a consistent framing of Bitcoin mining as a villain in a morality play. Of particular note was a 2023 article which selectively used data, and misusing marginal emissions accounting to create a heavily distorted view of Bitcoin mining. Neutral Appraisal (1/10) as the most glaring deficiency, averaging 2.6.

**The Verge**: The coverage exhibits severe factual errors, such as unsupported claims about IMF paper momentum, with Avoidance of Groupthink (1/10) as the most prominent failing, averaging 2.0.

**The Economist**: The coverage reflects the most pronounced falsehoods about Bitcoin, with Overcoming Negativity Bias (1/10) as the most critical shortcoming, averaging 1.8.

### Implications and Use as a Reliability Tool

This index reflects how each outlet handles Bitcoin coverage, providing insight into their broader journalistic reliability. Higher-scoring outlets like Forbes and The Street demonstrate a commitment to balanced, informed reporting and re-evaluation of previous articles based on new evidence. Less reliable outlets like The Economist and The Verge show persistent issues with bias and accuracy.

The BBC’s rating of 4.8 acknowledges its recent positive article on Bitcoin Mining but notes that this is an outlier in an overall trend of inaccuracies and non-objective appraisal. The NYTimes’ score of 2.6 highlights its lack of nuance in appraising Bitcoin, and evidence of using data selectively to suit a narrative, plus the impact of its much criticized article on Bitcoin mining in 2023.


tags: Good Morning, Bitcoin is your latest news roundup delivering key stories, project updates, new releases, guides, research, and all things related to Bitcoin and freedom tech.

content:
[![Good Morning, Bitcoin - Saturday, April 26th, 2025](https://www.nobsbitcoin.com/content/images/2025/04/image-50.png)](https://mempool.space/)

Headlines
---------

*   **Spiral renews support for Dan Gould and Joschisan.** The organization has renewed support for _Dan Gould_, who is developing the [Payjoin Dev Kit (PDK)](https://payjoindevkit.org/2025/03/18/the-evolution-of-payjoin), and [_Joschisan_](https://xcancel.com/spiralbtc/status/1914363508126515567), a [Fedimint](https://github.com/fedimint/fedimint) developer focused on simplifying federations.
*   **Metaplanet buys another 145 BTC.** The Tokyo-listed company [has purchased](https://www.coindesk.com/markets/2025/04/24/metaplanet-hits-5-000-btc-mark-amid-strategic-treasury-expansion) an additional 145 BTC for $13.6 million. Their total bitcoin holdings now stand at 5,000 coins, worth around $428.1 million.
*   **Semler Scientific has increased its bitcoin holdings to 3,303 BTC.** The company acquired an additional 111 BTC at an average price of $90,124. The purchase was funded through proceeds from an at-the-market offering and cash reserves, as stated in a [press release](https://www.prnewswire.com/news-releases/semler-scientific-announces-updated-btc--atm-activity-purchased-additional-111-btc-now-holds-3-303-btc-ytd-btc-yield-of-23-5-302438131.html).
*   **The Virtual Asset Service Providers (VASP) Bill 2025 introduced in Kenya.** The [new legislation](https://bitcoinke.io/2025/04/the-vasp-kenya-license-requirements/) aims to establish a comprehensive legal framework for licensing, regulating, and supervising virtual asset service providers (VASPs), with strict penalties for non-compliant entities.
*   **Russian government to launch a cryptocurrency exchange.** The country's Ministry of Finance and Central Bank [announced](https://bitcoinmagazine.com/news/russias-finance-ministry-and-central-bank-to-launch-crypto-exchange-for-super-qualified-investors) plans to establish a trading platform for "highly qualified investors" that "will legalize crypto assets and bring crypto operations out of the shadows."
*   **All virtual asset service providers expect to be fully compliant with the Travel Rule by the end of 2025.** A survey by financial surveillance specialist [Notabene](https://www.coindesk.com/business/2025/04/23/travel-rule-compliance-surges-on-new-regs-stablecoin-payments-notabene-says) reveals that 90% of virtual asset service providers (VASPs) expect full Travel Rule compliance by mid-2025, with all aiming for compliance by year-end. The survey also shows a significant rise in VASPs blocking withdrawals until beneficiary information is confirmed, increasing from 2.9% in 2024 to 15.4% now. Additionally, about 20% of VASPs return deposits if originator data is missing.
*   **UN claims Bitcoin mining is a "powerful tool" for money laundering.** _The Rage_'s [analysis](https://www.therage.co/un-mining-money-laundering/) suggests that the recent United Nations Office on Drugs and Crime report on crime in South-East Asia makes little sense and hints at the potential introduction of Anti-Money Laundering (AML) measures at the mining level.
*   **Riot Platforms has obtained a $100 million credit facility from Coinbase Credit**, using bitcoin as collateral for short-term funding to support its expansion. The firm's CEO, _Jason Les,_ [stated](https://www.riotplatforms.com/riot-platforms-announces-100-million-credit-facility-with-coinbase/) that this facility is crucial for diversifying financing sources and driving long-term stockholder value through strategic growth initiatives.
*   **Bitdeer raises $179M in loans and equity amid Bitcoin chip push.** _The Miner Mag_ [reports](https://www.theminermag.com/news/2025-04-22/bitdeer-bitcoin-loan-sealminer) that Bitdeer entered into a loan agreement with its affiliate Matrixport for up to $200 million in April, as disclosed in its [annual report](https://ir.bitdeer.com/static-files/fd6af83f-6142-48aa-b15d-5bc3bc83de96) filed on Monday.
*   **Federal Reserve retracts guidance discouraging banks from engaging in 'crypto.'** The U.S. Federal Reserve [withdrew](https://www.theblock.co/post/351943/federal-reserve-retracts-guidance-discouraging-banks-from-engaging-in-crypto) guidance that discouraged banks from crypto and stablecoin activities, as [announced](https://www.federalreserve.gov/newsevents/pressreleases/bcreg20250424a.htm) by its Board of Governors on Thursday. This includes rescinding a 2022 supervisory letter requiring prior notification of crypto activities and 2023 stablecoin requirements.

> "As a result, the Board will no longer expect banks to provide notification and will instead monitor banks' crypto-asset activities through the normal supervisory process," reads the FED statement.

*   **UAE-based Islamic bank ruya launches Shari’ah-compliant bitcoin investing.** The bank has become the world’s first Islamic bank to provide direct access to virtual asset investments, including Bitcoin, via its mobile app, [per](https://bitcoinmagazine.com/news/ruya-becomes-first-islamic-bank-to-offer-bitcoin-and-virtual-asset-investments) _Bitcoin Magazine._
*   **U.S. 'crypto' scam losses amounted to $9.3B in 2024.** The US The Federal Bureau of Investigation (FBI) [has reported](https://www.ic3.gov/AnnualReport/Reports/2024_IC3Report.pdf) $9.3 billion losses in cryptocurrency-related scams in 2024, noting a troubling trend of scams targeting older Americans, which accounted for over $2.8 billion of those losses.

![Good Morning, Bitcoin - Saturday, April 26th, 2025](https://www.nobsbitcoin.com/content/images/2025/04/image-49.png)

Source: [FBI.](https://www.ic3.gov/AnnualReport/Reports/2024_IC3Report.pdf)

*   **North Korean hackers establish fake companies to target 'crypto' developers.** Silent Push researchers [reported](https://www.silentpush.com/blog/contagious-interview-front-companies/) that hackers linked to the Lazarus Group created three shell companies, two of which are based in the U.S., with the objective of spreading malware through deceptive job interview scams aimed at individuals seeking jobs in cryptocurrency companies.
*   **Citrea deployed its Clementine Bridge on the Bitcoin testnet.** The bridge [utilizes](https://www.coindesk.com/tech/2025/04/23/bitcoin-rollup-citrea-deploys-bridge-to-tackle-collateral-bottleneck-of-using-btc-in-defi) the BitVM2 programming language to inherit validity from Bitcoin, allegedly providing "the safest and most trust-minimized way to use BTC in decentralized finance."
*   **Hesperides University offers a Master’s degree in Bitcoin.** _Bitcoin Magazine_ [reports](https://bitcoinmagazine.com/news/university-of-the-hesperides-launches-first-spanish-language-masters-program-focused-exclusively-on-bitcoin) the launch of the first-ever Spanish-language Master’s program dedicated exclusively to Bitcoin. Starting April 28, 2025, this fully online program will equip professionals with technical, economic, legal, and philosophical skills to excel in the Bitcoin era.
*   **BTC in D.C. event** is set to take place on September 30 - October 1 in Washington, D.C. Learn more about this initiative [here](https://btcindc.com/).

[![Good Morning, Bitcoin - Saturday, April 26th, 2025](https://www.nobsbitcoin.com/content/images/2025/04/image-44.png)](https://xcancel.com/PavelTheCoder/status/1915592501546619163)

Use the tools
-------------

*   [**Bitcoin Keeper**](https://medium.com/bitbees/bitcoin-keeper-rebrand-new-logo-same-commitment-6009a88f7b49) just got a new look. [Version 2.2.0](https://github.com/bithyve/bitcoin-keeper/releases) of the mobile multisig app brought a new branding design, along with a [Keeper Private](https://medium.com/bitbees/introducing-keeper-private-where-wealth-meets-sovereignty-278e93332b32) tier, testnet support, ability to import and export [BIP-329](https://github.com/bitcoin/bips/blob/master/bip-0329.mediawiki) labels, and the option to use a Server Key with multiple users.
    *   Earlier this month the project also announced [Keeper Learn](https://medium.com/bitbees/introducing-keeper-learn-your-simple-expert-guided-path-to-understanding-bitcoin-be53470be069) service, offering clear and guided Bitcoin learning sessions for both groups and individuals.
*   [**Keeper Desktop v0.2.2**](https://github.com/bithyve/keeper-desktop/releases/tag/keeper-desktop-v0.2.2), a companion desktop app for Bitcoin Keeper mobile app, received a renewed branding update, too.

![Good Morning, Bitcoin - Saturday, April 26th, 2025](https://www.nobsbitcoin.com/content/images/2025/04/image-45.png)

The evolution of Bitcoin Keeper logo. Source: [BitHyve blog](https://medium.com/bitbees/bitcoin-keeper-rebrand-new-logo-same-commitment-6009a88f7b49).

*   [**Blockstream Green Desktop v2.0.25**](https://github.com/Blockstream/green_qt/releases) updates GDK to v0.75.1 and fixes amount parsing issues when switching from fiat denomination to Liquid asset.
*   [**Lightning Loop v0.31.0-beta**](https://github.com/lightninglabs/loop/releases/tag/v0.31.0-beta) enhances the `loop listswaps` command by improving the ability to filter the response.
*   [**Lightning-kmp v1.10.0**](https://github.com/ACINQ/lightning-kmp/releases), an implementation of the Lightning Network in Kotlin, is now available.
*   [**LND v0.19.0-beta.rc3**](https://github.com/lightningnetwork/lnd/releases/tag/v0.19.0-beta.rc3), the latest beta release candidate of LND is now ready for testing.
*   [**ZEUS v0.11.0-alpha2**](https://github.com/ZeusLN/zeus/releases/tag/v0.11.0-alpha2) is now available for testing, too. It's nuts.
*   [**JoinMarket Fidelity Bond Simulator**](https://m0wer.github.io/joinmarket-fidelity-bond-simulator/) helps potential JoinMarket makers evaluate their competitive position in the market based on fidelity bonds.
*   [**UTXOscope**](https://github.com/Drew72-ita/UTXOscope) is a text-only Bitcoin blockchain analysis tool that visualizes price dynamics using only on-chain data. The


tags: How Activist NGOs Have Unintentionally STALLED Progress TOWARDS Ending Gas Flaring

tags: The World Bank set an ambitious goal: eliminate nearly all gas flaring by 2030. Flaring, the burning of excess natural gas during oil extraction, is a major environmental problem, releasing millions of tons of CO2e (CO2 equivalents) in the form of methane and other toxic pollutants into the atmosphere annually. The problem is, flaring only burns 91.1% of the methane, so the other 8.9% goes unburnt directly into the atmosphere. This contributes to climate change significantly because methane is 84 times more warming over a 20 year period than CO2. In regions like the Middle East, flaring has been shown to cause more harm than previously thought, with recent studies revealing higher levels of toxic gases like benzene and sulfur dioxide (source: World Bank Global Gas Flaring Tracker, 2023). Despite the urgency, progress to end flaring has been slow. While there are many factors at play, but one of the most significant barrier is also the most overlooked: environmental NGOs themselves, specifically a small handful of the more ideologically-driven activist environmental NGOs. These organizations, while well-intentioned, have consistently criticized and undermined almost all efforts from outside commercial organizations to collaborate with oil and gas companies to reduce flaring. In this article, we’ll examine how this tendency to label such initiatives as “greenwashing,” their failure to offer viable alternatives, and their creation of an environment of fear have disincentivized other industries from partnering with oil companies to address this critical issue. The result? Flaring continues unabated and the environment, that these NGOs exist to be faithful stewards to, suffers. False positives: The harmful side-effect of calling something “greenwash” that’s not One counter-productive tendency of these NGOs has been their eagerness to label any and all collaboration with oil and gas companies as “greenwashing.” This term, which refers to superficial or misleading environmental claims, has become a catch-all critique for any effort to reduce flaring. These environmental NGO critiques are often reactive rather than analytical. For instance, when General Electric (GE) and Baker Hughes developed technologies to capture and utilize stranded gas, environmental groups like Sierra Club and Greenpeace accused them of “enabling continued fossil fuel extraction” without acknowledging the tangible emissions reductions these technologies achieved (source: Sierra Club Statement, 2020; Greenpeace International, 2020). By focusing on ideological purity rather than measurable outcomes, these NGOs have created a chilling effect, discouraging companies from pursuing innovative solutions to flaring. Incredibly, these criticisms have continued even when direct, measurable, and significant reduction of methane emissions has been the result. For example, when Crusoe Energy, a Bitcoin mining company, partnered with oil producers to convert flared gas into electricity, Jesse Simons, Deputy Director of Sierra Club’s Beyond Dirty Fuels Campaign, dismissed the initiative as “propping up the fossil fuel industry” (source: Sierra Club Press Release, 2022). Similarly, John Noël, Senior Climate Campaigner at Greenpeace USA, criticized ExxonMobil’s pilot project with Crusoe in the Permian Basin, calling it a “distraction from the urgent need to phase out fossil fuels entirely” (source: Greenpeace USA Statement, 2021). Criticism Without Solutions Another issue is the tendency of these NGOs to criticize without offering alternatives. For example, when BP partnered with Climeworks, a carbon capture company, to explore using captured methane for industrial purposes, and when Shell worked with Enerflex, a gas processing company to reduce flaring at their oilfields, Carroll Muffett, President of the Center for International Environmental Law (CIEL), accused both companies of using flaring reduction as a “public relations tool” (source: CIEL Press Release, 2021). Similarly, Friends of the Earth criticized waste-to-energy startup Ener-Core for “perpetuating the fossil fuel economy” without proposing a practical alternative for addressing stranded gas (source: Friends of the Earth Report, 2019). While it is an absolutely legitimate function of an environmental NGO to help the public understand when genuine greenwash is at play, the universal tendency across NGOs to label all collaborations with oil companies to end flaring as “greenwash” suggests strongly that there is neither analysis nor discrimination at play here on the part of these environmental NGOs, rather guilty verdict by virtue of the fact one would deign to partner with an oil company. Well, if outside organizations cannot partner with oil companies to deal with methane emissions, oil companies will continue with their own solution: flaring. The environment deserves better service than that. This pattern of criticism without constructive solutions is not only unhelpful but counterproductive. Flaring is a complex problem that requires immediate action. The International Energy Agency (IEA) estimates that oil will still account for 22% of global energy demand in 2050, even in a net-zero scenario (source: IEA Net Zero by 2050 Report, 2021). Given this reality, the choice is not between oil production and no oil production—it is between flaring/venting and utilizing the gas in a way that reduces emissions. By dismissing efforts to address flaring without offering viable alternatives, these NGOs have effectively pushed the industry toward the most environmentally harmful option: continued flaring. How an Environment of Fear Disincentivizes Collaboration Perhaps the most counterproductive consequence of these NGOs’ actions is the environment of fear they have created. Companies that might otherwise partner with oil and gas producers to reduce flaring are often deterred by the risk of reputational damage. For example, renewable energy developers like NextEra Energy and Ørsted have considered using stranded gas for power generation but faced backlash from groups like 350.org and Oil Change International. These organizations accused NextEra of “betraying its renewable energy mission” and Ørsted of “legitimizing the fossil fuel industry” (source: 350.org Press Release, 2021; Oil Change International Report, 2021). This environment of fear has stifled innovation and collaboration. Waste-to-energy startups, renewable energy developers, and even technology giants like GE and Baker Hughes have been reluctant to engage with oil and gas companies, fearing the wrath of activist NGOs. The result is a missed opportunity to reduce emissions and accelerate the transition to a cleaner energy future. Bitcoin Mining: A Pragmatic Exception In this context, Bitcoin mining has emerged as a rare exception. Companies like Crusoe Energy and Upstream Data have been willing to partner with oil producers to convert flared gas into electricity, reducing emissions and generating economic value. These initiatives have been praised by the World Economic Forum for their tangible impact on flaring reduction, even as they face criticism from some NGOs. Crusoe’s projects in North Dakota and Wyoming have reduced flaring by over 90% at partnered sites (source: Crusoe Energy Case Studies, 2023). Similarly, Upstream Data’s operations in Canada have prevented millions of tons of CO2-equivalent emissions annually (source: Upstream Data Reports, 2022). Bitcoin mining’s success in addressing flaring highlights the importance of focusing on outcomes over ideology. NGOs like Sierra Club and Greenpeace were highly criticized of these partnerships at their inception, but have not acknowledged the measurable emissions reductions they ended up achieving. Analysis before ideology For us to have any hope of working collaboratively to end flaring, it’s critical for enviromental NGOs to step up and stop crying “greenwash” without analysis, as has been their tendency, to the detriment of the environment and collaborative action. The fight against flaring is too important to be derailed by ideological purity, and there is a phrase in the environmental movement that they would do well to remember “the perfect is the enemy of the good”. While the intentions of activist NGOs are good, good intentions divorsed from nuanced thinking can and has been counterproductive to the very environmental progress they only exist to create. Their reactive criticism, lack of viable alternatives, and creation of an environment of fear have hindered progress on this critical issue. To truly address flaring, we need a new approach—one that prioritizes measurable outcomes and encourages collaboration. These critiques, while well-intentioned, are misguided. By discouraging collaboration with oil companies, these NGOs inadvertently push the industry to deal with methane emissions in the most environmentally harmful way: flaring or venting. Continued inaction is simply not an option. It’s time for environmental organizations to stop criticicing every imperfect effort to move forward, and get their own house in order. In practical terms, this means: Properly evaluating whether collaborations are greenwash, or whether they can make a measurable difference Learning to work alongside commercial operations to better understand their motivations and strategies before simply criticizing them Taking time to do their own research, including engaging with experts in the domain (something that has been conspicuous by its absent in NGOs criticisms of Bitcoin mining and other industries) Take responsibility for the fact that they have the power to aid environmental progress, but equally the power to hinder progress through criticizing they may not fully understand and which may in fact be a solution, or part of the solution. Free themselves from the trap of overzealously declaring “greenwashing” even when it’s a false positive, and focus on what really matters: working collaboratively to reduce emissions and protecting the environment.

content:
The World Bank set an ambitious goal: eliminate nearly [all gas flaring by 2030](https://www.worldbank.org/en/programs/zero-routine-flaring-by-2030). Flaring, the burning of excess natural gas during oil extraction, is a [major environmental problem](https://www.bbc.com/news/science-environment-63051458), releasing millions of tons of CO2e (CO2 equivalents) in the form of methane and other toxic pollutants into the atmosphere annually. The problem is, flaring only burns 91.1% of the methane, so the other 8.9% goes unburnt directly into the atmosphere. This contributes to climate change significantly because methane is [84 times more warming](https://www.unep.org/news-and-stories/speech/methane-action-tackling-warming-planet) over a 20 year period than CO2.

![](https://batcoinz.com/wp-content/uploads/2025/01/Screen-Shot-2025-01-28-at-9.59.33-AM-1024x679.png)

In regions like the Middle East, flaring has been shown to cause more harm than previously thought, with recent studies revealing [higher levels of toxic gases](https://www.bbc.com/news/science-environment-67522413) like benzene and sulfur dioxide (source: _World Bank Global Gas Flaring Tracker, 2023_). Despite the urgency, progress to end flaring has been slow. While there are many factors at play, but one of the most significant barrier is also the most overlooked: environmental NGOs themselves, specifically a small handful of the more ideologically-driven activist environmental NGOs.

These organizations, while well-intentioned, have consistently criticized and undermined almost all efforts from outside commercial organizations to collaborate with oil and gas companies to reduce flaring. In this article, we’ll examine how this tendency to label such initiatives as “greenwashing,” their failure to offer viable alternatives, and their creation of an environment of fear have disincentivized other industries from partnering with oil companies to address this critical issue.

The result? Flaring continues unabated and the environment, that these NGOs exist to be faithful stewards to, suffers.

* * *

### False positives: **The harmful side-effect of calling something “greenwash” that’s not**

One counter-productive tendency of these NGOs has been their eagerness to label any and all collaboration with oil and gas companies as “greenwashing.” This term, which refers to superficial or misleading environmental claims, has become a catch-all critique for any effort to reduce flaring.

These environmental NGO critiques are often reactive rather than analytical. For instance, when General Electric (GE) and Baker Hughes developed technologies to capture and utilize stranded gas, environmental groups like Sierra Club and Greenpeace accused them of “enabling continued fossil fuel extraction” without acknowledging the tangible emissions reductions these technologies achieved (source: _Sierra Club Statement, 2020_; _Greenpeace International, 2020_). By focusing on ideological purity rather than measurable outcomes, these NGOs have created a chilling effect, discouraging companies from pursuing innovative solutions to flaring.

Incredibly, these criticisms have continued even when direct, measurable, and significant reduction of methane emissions has been the result. For example, when Crusoe Energy, a Bitcoin mining company, partnered with oil producers to convert flared gas into electricity, Jesse Simons, Deputy Director of Sierra Club’s Beyond Dirty Fuels Campaign, dismissed the initiative as “propping up the fossil fuel industry” (source: _Sierra Club Press Release, 2022_). Similarly, John Noël, Senior Climate Campaigner at Greenpeace USA, criticized ExxonMobil’s pilot project with Crusoe in the Permian Basin, calling it a “distraction from the urgent need to phase out fossil fuels entirely” (source: _Greenpeace USA Statement, 2021_).

* * *

### **Criticism Without Solutions**

Another issue is the tendency of these NGOs to criticize without offering alternatives. For example, when BP partnered with Climeworks, a carbon capture company, to explore using captured methane for industrial purposes, and when Shell worked with Enerflex, a gas processing company to reduce flaring at their oilfields, Carroll Muffett, President of the Center for International Environmental Law (CIEL), accused both companies of using flaring reduction as a “public relations tool” (source: _CIEL Press Release, 2021_). Similarly, Friends of the Earth criticized waste-to-energy startup Ener-Core for “perpetuating the fossil fuel economy” without proposing a practical alternative for addressing stranded gas (source: _Friends of the Earth Report, 2019_).

While it is an absolutely legitimate function of an environmental NGO to help the public understand when genuine greenwash is at play, the universal tendency across NGOs to label all collaborations with oil companies to end flaring as “greenwash” suggests strongly that there is neither analysis nor discrimination at play here on the part of these environmental NGOs, rather guilty verdict by virtue of the fact one would deign to partner with an oil company. Well, if outside organizations cannot partner with oil companies to deal with methane emissions, oil companies will continue with their own solution: flaring. The environment deserves better service than that.

This pattern of criticism without constructive solutions is not only unhelpful but counterproductive. Flaring is a complex problem that requires immediate action. The International Energy Agency (IEA) estimates that oil will still account for 22% of global energy demand in 2050, even in a net-zero scenario (source: _IEA Net Zero by 2050 Report, 2021_). Given this reality, the choice is not between oil production and no oil production—it is between flaring/venting and utilizing the gas in a way that reduces emissions. By dismissing efforts to address flaring without offering viable alternatives, these NGOs have effectively pushed the industry toward the most environmentally harmful option: continued flaring.

* * *

### **How an Environment of Fear Disincentivizes Collaboration**

Perhaps the most counterproductive consequence of these NGOs’ actions is the environment of fear they have created. Companies that might otherwise partner with oil and gas producers to reduce flaring are often deterred by the risk of reputational damage. For example, renewable energy developers like NextEra Energy and Ørsted have considered using stranded gas for power generation but faced backlash from groups like 350.org and Oil Change International. These organizations accused NextEra of “betraying its renewable energy mission” and Ørsted of “legitimizing the fossil fuel industry” (source: _350.org Press Release, 2021_; _Oil Change International Report, 2021_).

This environment of fear has stifled innovation and collaboration. Waste-to-energy startups, renewable energy developers, and even technology giants like GE and Baker Hughes have been reluctant to engage with oil and gas companies, fearing the wrath of activist NGOs. The result is a missed opportunity to reduce emissions and accelerate the transition to a cleaner energy future.

* * *

### **Bitcoin Mining: A Pragmatic Exception**

In this context, Bitcoin mining has emerged as a rare exception. Companies like Crusoe Energy and Upstream Data have been willing to partner with oil producers to convert flared gas into electricity, reducing emissions and generating economic value. These initiatives have been [praised by the World Economic Forum](https://www.weforum.org/videos/this-start-up-catches-waste-methane-to-power-data-centres/) for their tangible impact on flaring reduction, even as they face criticism from some NGOs. Crusoe’s projects in North Dakota and Wyoming have reduced flaring by over 90% at partnered sites (source: _Crusoe Energy Case Studies, 2023_). Similarly, Upstream Data’s operations in Canada have prevented millions of tons of CO2-equivalent emissions annually (source: _Upstream Data Reports, 2022_).

Bitcoin mining’s success in addressing flaring highlights the importance of focusing on outcomes over ideology. NGOs like Sierra Club and Greenpeace were highly criticized of these partnerships at their inception, but have not acknowledged the measurable emissions reductions they ended up achieving.

* * *

### **Analysis before ideology**

For us to have any hope of working collaboratively to end flaring, it’s critical for enviromental NGOs to step up and stop crying “greenwash” without analysis, as has been their tendency, to the detriment of the environment and collaborative action. The fight against flaring is too important to be derailed by ideological purity, and there is a phrase in the environmental movement that they would do well to remember “the perfect is the enemy of the good”.

While the intentions of activist NGOs are good, good intentions divorsed from nuanced thinking can and has been counterproductive to the very environmental progress they only exist to create. Their reactive criticism, lack of viable alternatives, and creation of an environment of fear have hindered progress on this critical issue. To truly address flaring, we need a new approach—one that prioritizes measurable outcomes and encourages collaboration.

These critiques, while well-intentioned, are misguided. By discouraging collaboration with oil companies, these NGOs inadvertently push the industry to deal with methane emissions in the most environmentally harmful way: flaring or venting.

Continued inaction is simply not an option. It’s time for environmental organizations to stop criticicing every imperfect effort to move forward, and get their own house in order. In practical terms, this means:

1.  Properly evaluating whether collaborations are greenwash, or whether they can make a measurable difference
2.  Learning to work alongside commercial operations to better understand their motivations and strategies before simply criticizing them
3.  Taki


dO974OWIITpq2fl/q6asjvEuQ6lbIYLAzdRN8Nq9TYE33M7QEZ0Y1r3q8vq6bA/Y?iv=njyMWu9pLcceKXioN+j2tg==


tags: Rebuttal: Earthjustice report on Bitcoin Mining, Feb 2025

tags: Original report: https://earthjustice.org/experts/mandy-deroche/how-much-do-we-subsidize-cryptocurrency-minings-electricity-use-no-one-knows This post argues that Earthjustice’s latest report on Bitcoin mining is significantly disconnected from both the scientific consensus and real-world evidence. By failing to engage with the latest research and developments, Earthjustice risks undermining efforts to leverage Bitcoin mining as a tool that benefits the environmental across a range of metrics. This rebuttal examines the inaccuracies in their report and highlights the growing body of evidence supporting Bitcoin mining’s environmental benefits. For context: in recent times, Bitcoin has emerged as arguably the most important form of climatetech in enabling not one but four critical areas of climate justice. A large volume of peer reviewed research now confirms what Bitcoin mining companies, grid operators, energy experts, and the Bitcoin mining industry have been saying for some time: Bitcoin mining is essential to progress on these four critical areas 1. Remove bottlenecks to getting more renewable energy onto the grid 2. Replace Fossil fuel based heat with electrically based heat 3. Increase the speed and profitability of R&D into new renewable energy projects 4. Urgently end three carbon-intensive practices (gas peaker plant proliferation, natural gas flaring, venting of landfill gas) source These are no longer theoretical benefits, as they were when Earthjustice first started reporting on Bitcoin mining: Finland is now supplying 2% of all district heat through recycled Bitcoin mining heat, replacing fossil fuel-dependent sources such as the burning of coal and peat. 29 Bitcoin mining operations use carbon negative sources such as flared gas or landfill gas for power. OTEC, a forgotten form of renewable energy has had a new lease of life. Finally, since Bitcoin mining moved onto the Texas grid, blackouts have been prevented, $18Billion of new gas peaker plant costs were averted, inflation adjusted electricity prices were kept stable (a rare phenomenon for jurisdictions with rapidly increasing renewable penetration), while solar/wind rose from 80 GW to 130 GW of generation capacity. source Heat recycled from Bitcoin mining rigs running on Finland’s 92% fossil-free grid is increasingly replacing 54.6% fossil-fuel dependent existing district heating sources in Finland The world has changed, leaving Earthjustice behind Earthjustice published their first anti-Bitcoin report in 2022. Since then, the world of Bitcoin mining has fundamentally changed in five major ways: 1. Scientific community puts its weight behind Bitcoin mining’s environmental benefits Bitcoin mining has been shown to accelerate the renewable energy transition (Lal et al, 2023) obviate the need for gas peaker plants (Bruno et al, 2023) stabilize the grid (Rudd et al, 2023) halve the payback time for solar farms (Hakimi et al, 2024) accelerate renewable microgrid development (Moghimi et al 2024) reduce methane emissions from landfills (Sechrest et al, 2024) avert the need for expensive grid upgrades (Norris et al, 2025) with 14 out of the last 16 peer reviewed papers on Bitcoin and energy (87.5%) showing clear positive environmental externalities. 2. Sustainability media gets behind Bitcoin mining’s environmental benefits Of the ten climate-focused media that are commenting on Bitcoin mining and energy, nine of them found strong environmental benefits (90%). 3. 180° turnaround in mainstream media reporting on Bitcoin mining Of the 14 media outlets still covering Bitcoin and energy, 12 are covering Bitcoin’s environmental benefits (85.7%) 4. Bitcoin’s sustainable energy proportion has increased from 49.1% to 56.7% source: Digital Assets Research Institute 5. Source findings of Earthjustice’s 2022 report debunked The work of Alex de Vries and authors who relied on his findings, which formed the basis of Earthjustice’s 2022 findings, has been discredited due to fundamental flaws in both data-gathering techniques and methodology. source: Sai & Vranken, 2023 Earthjustice has responded by spreading even more misinformation Earthjuistice has not revisited their 2022 position on Bitcoin mining. Rather, their approach mirrors tactics that disregard scientific consensus, which is concerning given the volume of peer-reviewed research supporting Bitcoin mining’s environmental benefits. They have either ignored the scientific consensus, or dismissed the entire body of research as being the work of “vest interest groups” But not only has Earthjustice ignored the undisputed evidence of Bitcoin mining’s environmental benefits, they have put out more misinformation. The misinformation in Earthjustice’s 2025 report falls into three categories The very widely debunked claim that Bitcoin mining destabilizes grids The more recently debunked claim that Bitcoin mining increases power prices The more recently debunked claim that Bitcoin mining does not offer community benefits Let’s address each in turn. 1. Bitcoin and grid stability This claim demonstrates considerable ignorance about the large body of evidence showing that Bitcoin mining stabilizes grids. The claim also reveals a severe lack of awareness about what Earthjustice’s peers in the environmental movement have been writing in climate media for some time. The key point is: Bitcoin does not destabilize grids. In fact, a mountain of peer-reviewed and real-world evidence shows that Bitcoin mining stabilizes grids, enabling grid operators to integrate higher concentrations of variable renewable energy. For example: Lai et al states that Bitcoin mining can “balance the electrical grid”. source Ibañez et al concludes “PoW mining emerges as an alternative that can provide additional income and ancillary services (auxiliary services designed to provide stability to the energy grid)”. source Menati et al found that “the flexibility of cryptocurrency mining loads plays a pivotal role in the reliability of electricity systems and the stability of electricity markets” and “cryptocurrency mining …is shown not to be detrimental to power grid reliability even with significant amounts at certain locations.” source A whitepaper from Energy Experts at Duke University concluded that Controllable Load Resources (aka: Bitcoin mining) help to stabilize grids, and decarbonize grids. source These findings correspond precisely to Texas’ grid operators own direct observations. “[Bitcoin mining operations] have found a way to come into the market and take some of that excess wind in offpeak periods. Then it can turn down whenever we need the power for other customers… And if a generator trips off line can very quickly respond to that frequency disruption and allow us to balance our grid more efficiently.” source: Brad Jones, Former Interim CEO, ERCOT. The early misinformation that bitcoin destabilizes grids is rarely recycled any more, with both mainstream and sustainability-focsed journalists increasingly reporting on how Bitcoin mining in fact has a stabilizing impact on Grids. 2. Bitcoin and electricity prices The Earthjustice report shows an eye-opening level of naivety about the relationship between Bitcoin mining electricity prices and the cost that other users pay for electricity, the argument basically runs like this “We found out that Bitcoin miners pay a low cost for electricity, so we postulate that this means other users are subsidizing them.” To anyone with a basic understanding of wholesale electricity markets, this demonstrates the risks of non-domain experts commenting outside their area of expertise. Not only is there no evidence, either real-world or in the academic literature for this claim, but there is a significant body of evidence to the contrary. For example, Brad Jones, Former CEO of Texas’ grid ERCOT observed that by creating a more competitive market for ancillary services and by finding a home for otherwise wasted wind energy, Bitcoin was “helping keep the cost of electricity low for all Texans” In September 2024, Norwegian residents realized that Bitcoin mining had for years been keeping their power prices 20% lower. After the Bitcoin mining operation left the grid, their prices instantly increased to meet the revenue shortfall. As for the claim “There are other types of Demand Response. We don’t need Bitcoin” As energy expert Tom Algie puts it “Turning off and providing demand response isn’t straightforward. Compensation for traditional DR assets; steel works, aluminium smelters etc, is astronomical. Bitcoin mining revenue is on par with electricity prices, so we don’t need much additional incentive to turn off. This coupled with the ability to be located anywhere, the Bitcoin mining load is one of the most cost effective ways to provide DR, FCAS and System Strength services. It also incentivises overbuild of renewables. Bitcoin miners are also building plenty of energy assets globally.” Further, Inflation-adjusted figures show no statistically significant rise or fall in either electricity or gas prices since Bitcoin mining came onto the ERCOT grid in Texas, giving support for ERCOT CEO Brad Jones’ observation that Bitcoin mining in fact “Helped keep the price of power low for all Texans.” The claim therefore seems to be a false attribution of the impact of high inflation from 2021-2023, to Bitcoin mining. There are now not one but five ways that Bitcoin mining has been shown to keep residential power prices low Creating a more competitive market for Demand Response services (Mitch Klee) Providing more revenue to the grid operators, thereby decreasing the cost burden to other users (Dan Roberts) Reducing costly curtailment payouts to VRE generators (MARA) Helping grid operators to delay the need for cost-prohibitive grid upgrades (Norris et al) Obviating the need for multi-billion dollar Gas peaker plant investment (Rian Dewhurst) Earthjustice’s habit of indulging in domain-naive speculative inference over consulting the existing large body of literature on Bitcoin mining should be viewed as a red flag to environmentalists, policymakers, regulators and others in the climate industry. All should give Earthjustice’s articles on Bitcoin mining a wide berth until there is a substantial improvement in their awareness of both the domain, and the prior body of literature germane to the subject they are addressing. 3. Bitcoin and community benefits While Earthjustice claims that Bitcoin mining fails to deliver significant community benefits, evidence from the Perryman Group and testimonials from local officials like Mayor Ward Roddam of Rockdale, Texas, demonstrate the opposite. Perryman’s report found that in the US alone, Bitcoin mining has created 31,000 jobs brought $4.1 billion in annual U.S. gross product helped stabilize the grid while offering a range of other direct community benefits Community benefits were found to be significant, and included strengthening local public services boosting school funding improving community well-being expanding career opportunities in high-tech fields Improving community infrastructure In Rockdale, one of the major Bitcoin mining hubs in Texas, the mayor confirmed these benefits were being observed: “Bitcoin miners are deeply invested in the communities where they work. [They] are among the largest taxpayers in … our local school district. These companies donate to local causes, including scholarships, police and fire departments, youth sports and … community events.” ~ Ward Roddam. Mayor, Rockdale Conclusion In this paper, two lawyers from Earthjustice have advanced the implausible theory that they know more about community impacts of Bitcoin mining than the residents and mayor of the town of Rockdale benefitted, more about the grid stabilization impacts of Bitcoin than five separate teams of energy experts who published peer reviewed research on this subject, and more about the impact of Bitcoin on cost to other grid users than the Grid operator himself. They have ignored the scientific consensus, the environmental consensus and even the media reporting in the liberal media on Bitcoin mining. While the Earthjustice report of 2022 was arguably forgivable, as none of these five shifts had occurred in our understanding of Bitcoin mining, to write such a report in 2025 reflects a lack of engagement with recent research and real-world evidence, which calls into question its credibility on this issue. But Earthjustice’s report is not just misguided, its irresponsible. As a climatetech investor, I am continually looking for landfill operators where bitcoin mining operations can be set up, because bitcoin mining is usually the only way to profitably mitigate landfill gas methane (a horrendous greenhouse gas). We face considerable pushback on an almost daily basis because landfill owners have read factually incorrect accounts of bitcoin mining’s environmental impact. Such uncritical appraisals slow down our efforts to mitigate methane. I also travel around the world encouraging renewable operators to use bitcoin mining for their otherwise wasted renewable energy, so that they can become more profitable, and pour that profit back into expanding their renewable operation faster. Unfortunately, my efforts to do this are severely compromised by the misinformation they have heard about Bitcoin mining that was circulated widely by Alex de Vries from 2018-2022, and which unfortunately you are still recirculating, and which despite your good intentions actually slow down the efforts of those seeking pragmatic solutions to advancing the green energy transition. By promoting misinformation, Earthjustice risks delaying the adoption of innovative solutions like Bitcoin mining, which have been shown to accelerate the transition to renewable energy and reduce greenhouse gas emissions. Specifically, they risk delaying the point at which we will be able to phase out gas peaker plants, while increasing the chances that retail users of electricity will have to pay a premium for their power. It is important that anyone who chances upon Earthjustice’s report should know that they are an outlier in the environmental movement in that they are still publishing misinformation on Bitcoin mining in 2025. We urge Earthjustice to revisit its stance on Bitcoin mining in light of the latest scientific research and real-world evidence. By doing so, they can align their advocacy with the most effective strategies for achieving climate justice.

content:
Original report: [https://earthjustice.org/experts/mandy-deroche/how-much-do-we-subsidize-cryptocurrency-minings-electricity-use-no-one-knows](https://earthjustice.org/experts/mandy-deroche/how-much-do-we-subsidize-cryptocurrency-minings-electricity-use-no-one-knows)

This post argues that Earthjustice’s latest report on Bitcoin mining is significantly disconnected from both the scientific consensus and real-world evidence. By failing to engage with the latest research and developments, Earthjustice risks undermining efforts to leverage Bitcoin mining as a tool that benefits the environmental across a range of metrics. This rebuttal examines the inaccuracies in their report and highlights the growing body of evidence supporting Bitcoin mining’s environmental benefits.

For context: in recent times, Bitcoin has emerged as arguably the most important form of climatetech in enabling not one but four critical areas of climate justice. A large volume of peer reviewed research now confirms what Bitcoin mining companies, grid operators, energy experts, and the Bitcoin mining industry have been saying for some time: Bitcoin mining is essential to progress on these four critical areas

**1\. Remove bottlenecks to getting more renewable energy onto the grid**

**2\. Replace Fossil fuel based heat with electrically based heat**

**3\. Increase the speed and profitability of R&D into new renewable energy projects**

**4\. Urgently end three carbon-intensive practices** (gas peaker plant proliferation, natural gas flaring, venting of landfill gas)

[source](https://batcoinz.com/why-climate-action-doesnt-just-benefit-from-bitcoin-mining-it-requires-it/)

These are no longer theoretical benefits, as they were when Earthjustice first started reporting on Bitcoin mining:

Finland is now supplying [2% of all district heat](https://x.com/DSBatten/status/1872740512555315559) through recycled Bitcoin mining heat, replacing fossil fuel-dependent sources such as the burning of coal and peat. 29 Bitcoin mining operations use carbon negative sources such as flared gas or landfill gas for power. OTEC, a forgotten form of renewable energy has had a new lease of life. Finally, since Bitcoin mining moved onto the Texas grid, blackouts have been prevented, $18Billion of new gas peaker plant costs were averted, inflation adjusted electricity prices were kept stable (a rare phenomenon for jurisdictions with rapidly increasing renewable penetration), while solar/wind rose from 80 GW to 130 GW of generation capacity.

[source](https://batcoinz.com/why-climate-action-doesnt-just-benefit-from-bitcoin-mining-it-requires-it/)

![](https://batcoinz.com/wp-content/uploads/2025/02/Screen-Shot-2025-02-23-at-8.56.17-PM-1024x726.png)

Heat recycled from Bitcoin mining rigs running on [Finland’s 92% fossil-free grid](https://www.treasuryfinland.fi/investor-relations/sustainability-and-finnish-government-bonds/data-and-facts-energy-transition/#:~:text=Finland's%20energy%20mix%20is%20well,second%20highest%20in%20the%20EU.) is increasingly
replacing [54.6% fossil-fuel dependent](https://www.statista.com/statistics/660023/finland-type-of-fuels-used-for-district-heating/) existing district heating sources in Finland

The world has changed, leaving Earthjustice behind
--------------------------------------------------

Earthjustice published their first anti-Bitcoin report in 2022. Since then, the world of Bitcoin mining has fundamentally changed in five major ways:

**1\. Scientific community puts its weight behind Bitcoin mining’s environmental benefits**

Bitcoin mining has been shown to

*   accelerate the renewable energy transition ([Lal et al](https://pubs.acs.org/doi/10.1021/acssuschemeng.3c05445), 2023)
*   obviate the need for gas peaker plants ([Bruno et al](https://www.sciencedirect.com/science/article/pii/S0928765523000313), 2023)
*   stabilize the grid ([Rudd et al](https://www.mdpi.com/2078-1547/14/4/47), 2023)
*   halve the payback time for solar farms ([Hakimi et al](https://www.cell.com/heliyon/fulltext/S2405-8440\(24\)15796-9), 2024)
*   accelerate renewable microgrid development ([Moghimi et al](https://www.sciencedirect.com/science/article/pii/S0142061524001364) 2024)
*   reduce methane emissions from landfills ([Sechrest et al](https://www.sciencedirect.com/science/article/pii/S0959652624029652?via%3Dihub), 2024)
*   avert the need for expensive [grid upgrades](https://www.linkedin.com/posts/danielsbatten_waited-34-months-for-this-moment-in-march-activity-7296373253453819905-Y2SK?utm_source=share&utm_medium=member_desktop&rcm=ACoAAAAOueQB3LYz-BPTBFwVPl9wJVYdGJiKUow) ([Norris et al](https://nicholasinstitute.duke.edu/sites/default/files/publications/rethinking-load-growth.pdf), 2025)

with [14 out of the last 16](https://www.linkedin.com/posts/danielsbatten_from-mining-to-mitigation-how-bitcoin-can-activity-7280429495679963136-2E-q?utm_source=share&utm_medium=member_desktop&rcm=ACoAAAAOueQB3LYz-BPTBFwVPl9wJVYdGJiKUow) peer reviewed papers on Bitcoin and energy (87.5%) showing clear positive environmental externalities.

**2\. Sustainability media gets behind Bitcoin mining’s environmental benefits**

Of the ten climate-focused media that are commenting on Bitcoin mining and energy, [nine of them](https://www.linkedin.com/posts/danielsbatten_bitcoin-miner-mara-buying-114-mw-wind-farm-activity-7280432749180559360-AaWO/) found strong environmental benefits (90%).

**3\. 180° turnaround in mainstream media reporting on Bitcoin mining**

Of the 14 media outlets still covering Bitcoin and energy, [12 are covering](https://www.linkedin.com/posts/danielsbatten_why-bitcoin-is-key-to-the-future-of-finance-activity-7278907968035700737-9IwO?utm_source=share&utm_medium=member_desktop&rcm=ACoAAAAOueQB3LYz-BPTBFwVPl9wJVYdGJiKUow) Bitcoin’s environmental benefits (85.7%)

**4\. Bitcoin’s sustainable energy proportion has increased from 49.1% to 56.7%**

source: D[igital Assets Research Institute](https://woocharts.com/esg-bitcoin-mining-sustainability/)

![](https://batcoinz.com/wp-content/uploads/2025/02/Screen-Shot-2025-02-23-at-4.14.23-PM-1024x638.png)

**5\. Source findings of Earthjustice’s 2022 report debunked**

The work of Alex de Vries and authors who relied on his findings, which formed the basis of Earthjustice’s 2022 findings, has been discredited due to fundamental flaws in both data-gathering techniques and methodology.

source: [Sai & Vranken](https://www.sciencedirect.com/science/article/pii/S2096720923000441?via%3Dihub), 2023

Earthjustice has responded by spreading even more misinformation
----------------------------------------------------------------

Earthjuistice has not revisited their 2022 position on Bitcoin mining. Rather, their approach mirrors tactics that disregard scientific consensus, which is concerning given the volume of peer-reviewed research supporting Bitcoin mining’s environmental benefits. They have either ignored the scientific consensus, or dismissed the entire body of research as being the work of “vest interest groups”

But not only has Earthjustice ignored the undisputed evidence of Bitcoin mining’s environmental benefits, they have put out more misinformation.

The misinformation in Earthjustice’s 2025 report falls into three categories

1.  The very widely debunked claim that Bitcoin mining destabilizes grids
2.  The more recently debunked claim that Bitcoin mining increases power prices
3.  The more recently debunked claim that Bitcoin mining does not offer community benefits

Let’s address each in turn.

### 1\. Bitcoin and grid stability

This claim demonstrates considerable ignorance about the large body of evidence showing that Bitcoin mining stabilizes grids. The claim also reveals a severe lack of awareness about what Earthjustice’s peers in the environmental movement have been writing in climate media for some time.

The key point is: Bitcoin does not destabilize grids. In fact, a mountain of peer-reviewed and real-world evidence shows that Bitcoin mining stabilizes grids, enabling grid operators to integrate higher concentrations of variable renewable energy.

For example:

1.  [Lai et al](https://pubs.acs.org/doi/10.1021/acssuschemeng.3c05445) states that Bitcoin mining can “balance the electrical grid”. [source](https://pubs.acs.org/doi/10.1021/acssuschemeng.3c05445)
2.  [Ibañez et al](https://www.mdpi.com/2078-1547/14/3/35) concludes “PoW mining emerges as an alternative that can provide additional income and ancillary services (auxiliary services designed to provide stability to the energy grid)”. [source](https://www.mdpi.com/2078-1547/14/3/35)
3.  [Menati et al](https://www.sciencedirect.com/science/article/pii/S266679242300015X) found that “the flexibility of cryptocurrency mining loads plays a pivotal role in the reliability of electricity systems and the stability of electricity markets” and “cryptocurrency mining …is shown not to be detrimental to power grid reliability even with significant amounts at certain locations.” [source](https://www.sciencedirect.com/science/article/pii/S266679242300015X)
4.  A whitepaper from Energy Experts at Duke University concluded that Controllable Load Resources (aka: Bitcoin mining) help to [stabilize grids](https://www.linkedin.com/posts/danielsbatten_waited-34-months-for-this-moment-in-march-activity-7296373253453819905-Y2SK?utm_source=share&utm_medium=member_desktop&rcm=ACoAAAAOueQB3LYz-BPTBFwVPl9wJVYdGJiKUow), and decarbonize grids. [source](https://nicholasinstitute.duke.edu/sites/default/files/publications/rethinking-load-growth.pdf)
5.  These findings correspond precisely to Texas’ grid operators own direct observations.

###### **“\[Bitcoin mining operations\] have found a way to come into the market and take some of that excess wind in offpeak periods. Then it can turn down whenever we need the power for other customers… And if a generator trips off line can very quickly respond to that frequency disruption and allow us to balance our grid mor


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