About GreenBTC.Club V1
Last updated
Last updated
The global Arkreen Web3 renewable energy data network, continues to push boundaries in its mission for sustainability. Following the debut of its GreenBTC Club application at the Web3 Festival in Hong Kong in April 2023—and the milestone achievement of greening a Bitcoin block (height 779089) using renewable energy certificates (RECs). The platform empowers communities to collectively contribute to the greening of all Bitcoin blocks, creating an inclusive, voluntary carbon offset initiative accessible to all.
Highlights of the Version 1 Lifecycle from [date] to [date] include:
710,000 climate actions contributed by the community.
Over 160,000 blocks greened.
1.1 billion kWh of Bitcoin’s historical energy consumption offset using on-chain RECs.
For the full history and details, please refer to these articles:
Bitcoin's Energy Debate Bitcoin has grown into a key part of cryptocurrency but faces criticism for its high energy use, which rivals that of some countries. This has raised concerns about its environmental impact.
Shift to Clean Energy To address this, over 70% of Bitcoin miners now use renewable energy, with clean energy making up over 60% of total consumption. However, fully eliminating emissions is still a challenge.
Arkreen's Green Mission Arkreen supports efforts to make Bitcoin carbon-neutral, helping reduce its environmental footprint and encouraging eco-friendly investments in Bitcoin.
Green Miners and Certificates Arkreen uses IoT devices to collect renewable energy data and records it on the blockchain. It issues ARECs (Arkreen Renewable Energy Certificates) as NFTs, representing 1 MWh of green energy. Traditional RECs can also be converted into ARECs for blockchain-based climate actions.
Offsetting Bitcoin’s Carbon Footprint ARECs offset electricity-related carbon emissions, but their location-specific nature doesn’t always match global demand. This makes offsetting Bitcoin mining emissions more complex, given its decentralized global network.
Flexible Offsets with ART Arkreen introduces ART (Arkreen Renewable-energy Token), a flexible ERC-20 token derived from ARECs. Burning ART offsets global electricity emissions, including those from Bitcoin mining.
GreenBTC Club GreenBTC Club lets users green Bitcoin blocks using ART or by paying a fee. It calculates energy consumption for specific blocks and enables participants to offset emissions easily.
Building a Sustainable Future While it can’t erase past emissions, Arkreen promotes renewable energy growth and a greener Bitcoin. Participants are rewarded with Soulbound Tokens, recognizing their contributions to sustainability.
This was the early version of today's GreenBTC.Club, which was meanwhile sunset as a legacy system:
