A reading of Nic Carter’s latest essay for CoinDesk on the inappropriateness of comparing the energy consumption of bitcoin and Visa transactions.
The comparison between Bitcoin and Visa’s energy use, reached several highly misleading conclusions, our columnist says. (Akos Stiller/Bloomberg) Feb 8, 2021 at 1:37 p.m. UTCUpdated Feb 8, 2021 at 2:29 p.m. UTC What Bloomberg Gets Wrong About Bitcoin’s Climate Footprint Recently, Bloomberg published a piece calling Bitcoin an “incredibly dirty business.” It’s undeniable that the […]
Bitcoin energy consumption has been at its highest historical levels since late 2020, according to Digiconomist’s Bitcoin Energy Consumption Index. 5437 Total views 24 Total shares The recent surge of Bitcoin (BTC) price has driven notable growth in the amount of electricity consumed by Bitcoin miners, spurring another wave of argument in the community over […]
Bitcoin arouses passion, curiosity and has received more and more media attention, especially after having climbed the ranks of the best financial asset of the decade. However, whenever its price goes up, many doubts and questions arise, mainly around its origin and the energy expenditure by miners. The Bitcoin protocol has created a unique digital […]
Dec 5, 2020 at 4:38 p.m. UTCUpdated Dec 6, 2020 at 2:25 a.m. UTC Apple co-founder Steve Wozniak (Shutterstock) Apple Co-Founder Wozniak’s New Venture Lists Token to Help Fund Energy Efficiency Projects Apple co-founder Steve Wozniak has launched Efforce, a company that facilitates investments in energy efficiency projects via cryptocurrency and blockchain technology. The company […]
At what point will greening crypto energy consumption be enough? 4142 Total views 32 Total shares En+ Group, the world’s top producer of low-carbon aluminum and the largest private-sector generator of hydropower, has entered its first crypto mining joint venture. The new venture, called Bit+, will focus on creating facilities that support crypto mining with […]
The IOTA blockchain finds a use case in industrial maintenance. 3560 Total views 38 Total shares The IOTA Foundation, a non-profit organization behind the IOTA blockchain, is collaborating with Japan’s government on a project targeting industrial infrastructure. The foundation has partnered on a project initiated by major Japanese maintenance companies, Best Materia and IMC, IOTA […]
The German state-funded energy project uses DLT to enable transparent market transactions. 3416 Total views 7 Total shares A blockchain-based energy trading platform backed by German tech giant Siemens is being publicly demonstrated in a Bavarian municipality today. The so-called “Pebbles” project — short for “peer-to-peer energy trading based on blockchains” — is holding a […]