Energy Use – DIGIT INFO

Research Finds Bitcoin Mining Equates to 0.10% of Global Greenhouse Gas Emissions

DIGIT — Tue, 27 Sep 2022 16:30:17 +0000

According to a recent report published by the Cambridge Centre for Alternative Finance (CCAF), bitcoin mining worldwide accounts for around 0.10% of global greenhouse gas (GHG) emissions or 48.35 million tons of carbon dioxide per annum. Moreover, CCAF’s report details that “Bitcoin’s environmental footprint is more nuanced and complex” and because of complexity issues it […]

Go to Source

Michael Saylor Publishes Open Letter Discussing the ‘Sheer Volume of Misinformation’ Tied to Bitcoin

DIGIT — Thu, 15 Sep 2022 22:30:22 +0000

The Microstrategy executive Michael Saylor is a big believer in Bitcoin as his company has purchased close to 130,000 bitcoin during the last few years. Six days ago, the U.S. Office of Science and Technology Policy published a report that claims proof-of-work mining operations have been affecting climate change. The science and tech department believes […]

Go to Source

Bitcoin Mining Threatens America’s Climate Change Efforts, White House Science and Tech Department Says

DIGIT — Thu, 08 Sep 2022 19:30:09 +0000

The Biden administration is concerned about digital currency mining operations affecting climate change, after the U.S. Office of Science and Technology Policy published a report that says politicians should take action against crypto mining. The federal government’s entity recommends the Biden administration should encourage more research about mining’s electricity consumption and codify public policy for […]

Go to Source

Are we misguided about Bitcoin mining’s environmental impacts? Slush Pool’s CMO Kristian Csepcsar explains

DIGIT — Mon, 14 Feb 2022 19:15:00 +0000

In one instance, Bitcoin miners are helping oil companies cut flaring by using generators running on natural gas that would otherwise be burned into the atmosphere.

Go to Source

Report: Bitcoin mining network accounts for 0.08% of world’s CO2 production

DIGIT — Mon, 31 Jan 2022 21:15:00 +0000

In addition to environmental metrics, the U.S. now accounts for 49% of the world’s Bitcoin cash rate.

Go to Source

Wikimedia Foundation Debates Acceptance of Cryptocurrency Donations Over Environmental Concerns

DIGIT — Thu, 13 Jan 2022 16:30:43 +0000

Following Mozilla’s decision to pause crypto donations due to environmental concerns, a number of Wikimedia Foundation community members have submitted a proposal that asks the foundation to stop accepting digital currency donations. The proposal explains that crypto donations “signals [an] endorsement of the cryptocurrency space,” and also says that “Cryptocurrencies may not align with the […]

Go to Source

NGO Announces Plan to Use NFTs for Famine Victims of Ethiopia Tigray War

DIGIT — Fri, 16 Jul 2021 09:30:29 +0000

A non-governmental organization (NGO), Save Tigray, has announced it will be using the proceeds from the sale of non-fungible tokens (NFTs) to support its goal of averting famine in Ethiopia’s war-torn Tigray region. According to Save Tigray, the NFTs, which are “based on interpreted photos of the tragedy,” will be sold on the charity organization’s […]

Go to Source

Crypto Proponents Become Skeptical of Closed-Door Meeting Between Billionaires and Bitcoin Miners

DIGIT — Tue, 25 May 2021 15:30:09 +0000

After Tesla’s Elon Musk and Microstrategy CEO Micheal Saylor revealed the revelation of a newly created “Bitcoin Mining Council,” the news became a viral subject. While some crypto supporters like the idea, others have been skeptical of a couple of billionaires having closed-door meetings with North American bitcoin miners. Bitcoin Mining Council Brings Back Memories […]

Go to Source