Methodology for Avoided Emissions through Real-Time Monitoring of Bitcoin Mining for Public-Listed Miners

The proposed methodology applies to project activities where public-listed Bitcoin miners redirect pre-allocated capital, originally intended for physical mining hardware expansions, into wrapped Bitcoin (wBTC) in non-custodial smart contracts. This creates Virtual Mining Assets (VMAs) that monitor real-time Bitcoin network data (e.g., hashrate, difficulty) via oracles, calculating avoided electricity consumption and converting it to tCO₂e using regional emission factors (e.g., from IPCC, IEA). GHG emission reductions are generated by avoiding emissions from non-deployed hardware.

The methodology idea note was submitted by Integrity.Farm (external) and is currently at “Step 1: Methodology Idea Note Submission” of the VCS Methodology Development and Review Process (PDF).

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