Bitcoin and the World’s Underutilized Renewable Energy

Xiangjiaba Hydropower Plant in Southwest China via

This is the first in a series of occasional Osprey Funds Light Papers. Like white papers, just a little lighter. We’re going to try to keep these under 1000 words.

Bitcoin is uniquely suited to capture the mis-match between the natural locations that produce the cheapest electricity in the world and their impractical distance to industrial uses. It has become the buyer of last resort for under utilized renewable electricity.

At some point, if the BTC price keeps rising, it might become exclusively powered by it.

The Conventional Point of View

Bitcoin is a global energy hog.

Plus, Chinese mining pools control more than 65% of Bitcoin’s collective hashrate and much of the computational energy requirements are powered by electricity derived from coal.

You can download it here:

Download Osprey Lightpaper One


Phil Pearlman is the Chief Behavioral Officer at Osprey Funds.

This information should not be relied upon as investment advice, or a recommendation regarding any products, strategies, or any investment in particular. This information is strictly for illustrative, educational, or informational purposes and is subject to change. The author of this article owns bitcoin, directly and through the Osprey Bitcoin Trust.