Category: Energy Consumption

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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No ‘blood coin’ for Kevin O’Leary as investor takes stand on Bitcoin energy consumption

No ‘blood coin’ for Kevin O’Leary as investor takes stand on Bitcoin energy consumption

“Blood coin,” “clean coin” and maybe even “virgin coin” will become commonplace phrases as Bitcoin’s environmental concerns continue to rage. 4826 Total views 39 Total shares Shark Tank and Dragon’s Den personality Kevin O’Leary is taking a stand against what he terms “blood coin,” that being Bitcoin (BTC) mined in China. The investor declared that […]

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