PayPal Bitcoin Mining Initiative | Low-Carbon Energy

The blockchain research division of PayPal, in collaboration with Energy Web and DMG Blockchain Solutions, has unveiled a groundbreaking proposal aimed at expediting the transition of Bitcoin mining to cleaner energy sources.

The new PayPal Bitcoin mining proposal, Termed the “Green Mining Initiative,” suggests utilizing “cryptoeconomic incentives” to encourage miners to adopt low-carbon energy sources. The proposal involves identifying “green miners” through a validation platform such as Energy Web’s “Green Proofs for Bitcoin.” These green miners would then share their public keys with a multisig payout address.

It is important to note that PayPal has shown…

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