There has been huge scrutiny on cryptocurrencies and energy consumption recently – with wildly divergent views and accuracy of information. We don’t pretend to have the answers but we know that it’s our responsibility to take some positive action. Credit to SBF for doing the maths on this, and we have no shame in copy and pasta-ing this positive initiative.
Today, we’re happy to confirm that BitMEX commits to becoming carbon neutral. The first step we’ll take immediately is to start carbon offsetting emissions caused by withdrawals from the platform through donating at least $0.0026 for every $1 of blockchain fees our clients pay out. We are currently researching which organisations would be the most effective to partner with, and we also commit to publishing details of how much and who we donate to.
Carbon offsetting is not the only answer to concerns relating to the environmental footprint of crypto, but it’s certainly a good start. We believe that crypto is a huge force for good in the world, but the industry has to come together and tackle challenges that risk sidetracking our positive intentions.
We’re 100% committed to this and encourage others in the industry to come on board too.
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