Category: Energy Consumption

How will blockchain technology help fight climate change? Experts answer

How will blockchain technology help fight climate change? Experts answer

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Vitalik argues that proof-of-stake is a ‘solution’ to Ethereum’s environmental woes

Vitalik argues that proof-of-stake is a ‘solution’ to Ethereum’s environmental woes

The stakes are high for the chain to transition, as those that don’t risk getting ‘left behind.’ 10099 Total views 15 Total shares At a conference yesterday, Ethereum co-founder and unofficial figurehead Vitalik Buterin argued that Ethereum’s upcoming transition to a proof-of-stake consensus mechanism is a “solution” to the blockchain’s rampant energy consumption that has […]

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Iranian crypto miners using household energy will face large fines

Iranian crypto miners using household energy will face large fines

Iran is fighting against unauthorized crypto mining amid ongoing energy supply shortages. 6130 Total views 32 Total shares The Iranian government continues to closely monitor the cryptocurrency mining industry by initiating new measures against home crypto miners, according to a new report. Mostafa Rajabi, a spokesperson for Iran’s Ministry of Energy, said that crypto mining […]

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