🪙Green Proofs for Bitcoin

Bitcoin mining is a major global energy user, estimated by the Cambridge Centre for Alternative Finance to have consumed over 121 TWh of electricity in 2023. This energy use translates into negative climate impact - but not all mining operations contribute equally to it. Climate-conscious mining operations are contributing to grid decarbonization by purchasing renewable energy, strategically locating mining operations in low-carbon grids, and participating in demand flexibility programs.

The Green Proofs for Bitcoin (GP4BTC) platform is a solution to bring consistent metrics and much-needed transparency into the climate impacts of individual Bitcoin mining companies so industry stakeholders can make better decisions to align with a net-zero future. GP4BTC offers a certification program for climate-conscious miners and one-stop shop for companies seeking to transact with them. Using GP4BTC's self-sovereign approach to data-sharing, market participants such as exchanges and payment processors can discover, validate, and compare the sustainability credentials of participating miners and launch innovative programs to recognize and reward climate-aligned mining.

In April, 2024, Energy Web announced a strategic collaboration with PayPal's Blockchain Research Group to deliver cryptoeconomic incentives to climate-aligned miners using the GP4BTC platform. For more details, please read the project whitepaper here.

For miners interested in applying for GP4BTC certification or needing assistance navigating the GP4BTC platform, please refer to the Miner Guide.

GP4BTC Application Context Diagram