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Environmental sustainability continues to be top of mind for cryptocurrency miners after Elon Musk drew negative attention to the industry earlier this year. Go to Source Powered by WPeMatico
The United Nations has previously said it was exploring the uses of blockchain technology in the fight against climate change and to help reach a more sustainable global economy. Go to Source Powered by WPeMatico
Ether has more potential than Bitcoin as a newer cryptocurrency, and the latest EIP 1559 will help the token trade more like a fixed asset, Pantera Capital CEO said. Go to Source Powered by WPeMatico
Following the announcement from Greenidge Generation Holdings that detailed the company would be promoting a carbon-neutral stance, and the firm’s recent partnership with Foundry, Greenidge revealed on Thursday it is investing profits into a renewable energy investment program. The company is in the midst of expediting the closure of a coal ash landfill in order … Read more
An industry association representing the Russian crypto sector has launched a project to entice bitcoin miners. Despite its abundant sources of cheap energy, Russia is now lagging behind Kazakhstan, another Eurasian Economic Union member, in terms of cryptocurrency production. Russian Project Aims to Expand Country’s Crypto Mining Capacity The Russian Association of Crypto Industry and … Read more
After months of deliberation, the European Central Bank has decided to proceed with a digital euro project. Officials insist the new version of Europe’s common currency should “ensure privacy” and provide access to “the safest form of money” at a “negligible” cost to the environment, in comparison with bitcoin. Eurosystem Initiates Digital Euro Project The … Read more
U.S. lawmaker and bitcoin advocate Cynthia Lummis has indicated that cryptocurrency miners are welcome in Wyoming. In a recent interview, the senator defended bitcoin’s carbon footprint and later invited miners to her home state on social media. Crypto Mining Adapted to Non-Carbon Emitting Energy With the ongoing crackdown on cryptocurrency mining in China, companies in … Read more
Worst case projections seem to suggest that bitcoin emissions will be down by more than two-thirds in five years. Go to Source Powered by WPeMatico
The cryptocurrency industry uses approximately 150 TWh of electricity annually, which is more than Poland, Norway, Egypt or Sweden, the company said. Go to Source Powered by WPeMatico
Gemini has partnered with a non-profit to purchase carbon permits from government-related cap-and-trade markets and erase them from circulation. Go to Source Powered by WPeMatico
