Energy – Page 19 – DIGIT INFO

Greenpeace: Bitcoin energy problem speaks to wider challenge for internet’s future

Greenpeace USA spoke to Cointelegraph about the organization’s perspective on cryptocurrency and recent decision to scrap its Bitcoin donations channel.

Go to Source

Bitcoin Mining Council emerges following meeting with Michael Saylor and Elon Musk

The CEO of MicroStrategy brokered a successful meeting between Elon Musk and North American Bitcoin miners.

Go to Source

Green blockchain should work smarter, not harder

A more lightweight, smarter blockchain would certainly have a smaller-size environmental footprint, and that is the goal.

Go to Source

Iran to Shut Down Licensed Crypto Miners in Peak Hours of Power Consumption

Citing a need to maintain a stable electricity supply for other users, Iran will be pulling the plug on cryptocurrency mining farms whenever power consumption peaks. The measure intended to deal with shortages will target licensed facilities despite the government admitting that illegal crypto miners burn much more energy. Licensed Crypto Miners Use 300 MW, […]

Go to Source

BitMEX pledges to go carbon neutral

BitMEX is responding to increased scrutiny of crypto’s high energy consumption levels by pledging to go carbon neutral.

Go to Source

Greenpeace to stop accepting Bitcoin donations over environmental concerns

Greenpeace has said its facility for accepting Bitcoin donations will be scrapped as it is “no longer tenable” in light of the climate crisis.

Go to Source

Iranian crypto miners using household energy to face large fines

Iran is fighting against unauthorized crypto mining amid ongoing energy supply shortages.

Go to Source

Crypto Miners Using Household Electricity Face Fines as Consumption Spikes in Iran

Those who mine cryptocurrencies with power intended for domestic use will pay hefty fines, the Iranian government warned. The country is experiencing shortages due to reduced hydropower generation as authorities register a surge in electricity consumption for cryptocurrency mining. Crypto Miners to Pay for Damages to the Power Grid Hydropower plants in Iran have been […]

Go to Source

Banking system consumes two times more energy than Bitcoin: research

According to Galaxy’s estimates, the annual energy usage of Bitcoin stands at 114 TWh, while the banking industry consumes over 260 TWh each year.

Go to Source

Elon Musk Doubles Down on Dogecoin, Tweets About Ideal Improvements

Elon Musk, CEO of Tesla and Spacex, has doubled down on its bet that dogecoin can become a currency able to address Tesla’s new set of environmental requirements. The entrepreneur has tweeted he is now working with Dogecoin developers to improve the currency, hoping it can evolve to be more energy efficient in the future. […]

Go to Source