Responsible mining is rewarding

Each miner will report their energy consumption and renewable energy usage in an audit conducted by a third party verification organization. SBP has partnered with technology partners to obtain seamless data access and behind the meter insights through their safe, secure, and standardized data exchange platforms. The data obtained through our tech partners provides a proof of compliance for corporate targets associated with renewable energy and decarbonization strategies and programs. In addition, the integration with these tech platforms help us to optimize the energy verification process to make the process of obtaining SBC easier for miners.

SBP has and continues to consult our governance stakeholders, including some of the world’s top Climate scientists and NGOs to answer this question. That said, the best science today dictates that hydro, solar, wind, and waste methane, are clean sources of energy for Bitcoin mining. The requirements for “clean” designation depend on the form of clean energy procurement–RECs, waste methane or renewable behind-the-meter generation. For specific requirements, see our whitepaper.

Once issued, SBCs will exist as a separate fungible asset, containing the environmental properties of BTC mining. SBC price is derived from the cost of clean energy necessary to mine bitcoin. It fluctuates depending on demand for ‘proof-of-sustainable mining’, but is backed by a tangible store of value: MWH of energy.