As Bitcoin price hitting another ATH, people are still talking about Bitcoin’s negative impact on environment.
Bixin group currently manage 2.5% of entire global Bitcoin network through our mining operation, and here are some thoughts:

We always hear an argument saying Bitcoin consumes more energy than XYZ, therefore it’s inefficient. You have to look at two things in this argument:
1, What type of energy does Bitcoin is consumes?
2, Where would that energy go without Bitcoin?

To answer first question: as miner, our primary goal is to use cheapest electricity rate available, but it just happens to be that renewable energy(Hydro power) and other excessive/waste energy(similar to flare gas) are cheapest. Here is an example of this👇

In China, miners migrate to different regions based on season. During summer mining operations are mostly based in Sichuan & during winter it’s primarily based in XinJiang/Inner Mongolia. During rainy season, SiChuan produces Excessive Hydro power. Key words: EXCESSIVE & HYDRO.

The problem is winter, there is not enough rain, so miners needs to move to other regions such as XinJiang & Inner Mongolia, and these regions are currently producing more than 50% of their electricity through thermal energy, aka...burning coal. BUT👇