Zug, Switzerland—The Energy Web Foundation (EWF) officially announced on November 19 the launch of its pioneering Green Proofs for Bitcoin (GP4BTC) solution on Energy Web X and Polkadot. This platform aims to decarbonize Bitcoin mining by bringing additional transparency and trust to Bitcoin miners using renewable energy to power their operations. Notable Bitcoin miners and solution providers such as Gryphon Digital Mining, Argo, DMG, Cowa, and Hive have achieved certification under this new system.
The initiative is designed to address the significant environmental impact of Bitcoin mining by providing a robust framework for sustainability. Through a dual-scoring system, miners can demonstrate their commitment to using non-emitting electricity sources and participating in demand response programs that contribute to grid stability. This transparent metric system not only showcases sustainable practices but also aids miners in aligning their operations with global decarbonization goals.
Green Proofs for Bitcoin is designed to help market participants build new Bitcoin products and services. Financial services organizations, for example, can construct new derivatives based on certified bitcoin.
The integration of the GP4BTC solution with Energy Web X on the Polkadot network marks a significant advancement in securing and validating sustainable mining practices. Leveraging Energy Web's decentralized worker nodes, the platform ensures a new layer of security and trust, enabling more rigorous verification of miners' sustainable practices and energy usage. This technological synergy enhances the robustness of the certifications awarded, paving the way for a new standard in environmental responsibility within the Bitcoin mining industry.
As the blockchain and energy sectors continue to evolve, the launch of GP4BTC on Energy Web X represents a pivotal step towards a more sustainable and transparent future for Bitcoin mining.
