Bitcoin has a notoriously high carbon footprint. The need to mainstream bitcoin and regulate cryptocurrency markets is likely to accelerate research into reducing the cost of storing renewable energy. Regulations to streamline cryptocurrency mining will ultimately lead to the use of renewable energy, bringing crypto closer to being accepted as legal tender. Bitcoin is not […]
Ark’s Wood Says Bitcoin ESG Push Makes Solar More Appealing
The value of bitcoin, the world’s largest cryptocurrency, has dropped approximately 30% this month due in part to concerns that its negative environmental impacts will discourage companies from adopting it. New York: A push toward relying more on renewable energy for bitcoin mining could make the underperforming solar industry more attractive, star fund manager Cathie […]
Climate Harm Puts Brakes on Buying Teslas with Bitcoin
Mining bitcoin has become a computing power battle, with machines devouring electricity while racing to sequence digital blocks in a chain. San Francisco: Tesla hit the brakes Wednesday on letting people pay for electric cars with bitcoin, saying the computing-intense mining process of creating new cryptocurrency spews climate-harming emissions. “We are concerned about rapidly increasing […]
Bitcoin Tests $49,000 as Tesla’s Musk Steps up Criticism, but Talks up Dogecoin
The Tesla CEO said he worries about “massive use” of coal and other carbon-intensive energy to generate electricity needed to mine digital currency. Elon Musk stepped up his criticism of Bitcoin as environmentally unsustainable while also signaling support for another digital coin and saying he remains a believer in cryptocurrency. The Tesla Inc. chief executive […]
Green Energy Will Make or Break Cryptocurrency
We are in the midst of a power struggle between centralized entities and the decentralized voice of the people. There was a time when the free market drove innovation through crowdsourced ideas and willpower. After all, there are millions of intelligent, hardworking people who have something to provide to the world. Governments that fell back […]
Bitcoin’s energy consumption has jumped 80% since the beginning of 2020, according to a study from Cambridge
Bitcoin now uses 80% more energy than it did at the beginning of 2020. Bitcoin uses 128 terawatt-hours annually, according to estimates from Cambridge. The cryptocurrency is responsible for 0.59% of total worldwide energy consumption. Bitcoin’s energy consumption has jumped 80% since the beginning of 2020 amid a meteoric rise for the digital currency. According to Cambridge’s […]
Akon To Build His Own City In Africa With Renewable Energy & His Own Cryptocurrency
If you’re a 90s kid, you’ve probably heard Akon’s ‘Smack that’ over a hundred times on loop. The iconic rapper was a sensation back in the day. Have you ever wondered what the popular singer is up to now? Well, apart from helping to improve the life of people in rural areas of Africa, the […]
4 Energy Blockchain Companies You Should Watch in 2019
Winners are starting to emerge in the distributed-ledger-for-energy landscape. Which energy blockchain companies should you keep an eye on in 2019? After a year in which new energy blockchain concepts seemed to crop up on an almost weekly basis, in theory there should be plenty of ventures to choose from. To narrow things down, we […]
