Category: Energy Consumption

Witnesses address energy impacts of crypto mining during House hearing

Witnesses address energy impacts of crypto mining during House hearing

“If policymakers take a cautious approach and foster a pro-innovation environment, the rewards for consumers, investors and all Americans are likely to be great,” said Jordan Ramis shareholder Gregory Zerzan. 1467 Total views 59 Total shares Five industry experts appearing before the United States House Energy and Commerce Oversight Subcommittee had different views on how […]

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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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