News about ENERGY

News about Energy

Bitcoin Uses 50 Times Less Energy Than Traditional Banking, New Study Shows

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Adam Back on Bitcoin’s Energy Usage

It’s a little long, but I thought that Adam Back’s take on Bitcoin’s energy usage from episode 175 of the “What is Money?” podcast was too good not to share.“Bitcoin finds itself in a place where yes, it consumes energy, but it’s far more efficient t...

Bitcoin's energy use drops following price plunge - The Verge

Filed under: Science Tech...

How blockchain can open up energy markets: EU DLT expert explains

Aside from the buzzing neologism of Web3, there is a bit less catchy but hardly less important concept of Industry 4.0, which includes the new and revolutionary drivers of the next generation’s industrial landscape. And, especially when it comes to t...

ETH Hashrate Drops 10% as Falling Price and Rising Energy Costs Trouble Miners

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is possibile to fork the bitcoin blockchain and change it checking if the pow is created from a clean energy?

is possibile to fork the bitcoin blockchain and change it checking if the pow is created from a clean energy? No. It isn't possible because there's no way for other nodes to check the source of energy used by an anonymous member of an anonymous mi...

Iran to Shut Down Crypto Mining Farms As Energy Crisis Deepens

During the previous two years, authorities in Iran have shut down around 6,914 unregistered crypto companies. Authorized crypto mining plants in the Islamic Republic will be required to disconnect their energy-hungry coin minting devices on the 22nd...

Bitcoin's Intensive Energy Demands Are Sparking a Crypto Backlash - Yale Environment 360

The first time Jackie Sawicky learned that a Bitcoin mining operation was coming to Corsicana, a rural Texas city 60 miles south of Dallas, was on April 27, when she happened upon a Facebook video of a meeting at the local public library. The featu...

A lot of weird energy in this sub right now…

For obvious reasons. Some people are losing their shit because they are in an extremely hard place; others seem to be relishing the situation.I get that for a lot of people who went in hard in more recent times, who maybe thought this would be a stra...

14 Members Of The US Congress School EPA On Bitcoin Mining And Green Energy

The Environmental Protection Agency or EPA keeps receiving mail. This time, 14 members of Congress provided the counterpoint and singled out the environmental benefits of bitcoin mining. They also made a point about how crucial this industry is, and...

Banking uses 56 times more energy than Bitcoin: Valuechain report

Fresh figures on Bitcoin’s (BTC) energy consumption, efficiency and scalability serve to expose the banking sector while bathing the world's largest cryptocurrency in a new light. A research report published by Michel Khazzaka, an IT engineer, cryp...

Ethereum mining is no longer profitable for many miners as energy prices and ETH dip cause a perfect storm

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BTC miners offload reserves as crypto prices fall. Rising energy costs and falling crypto prices mean miners are liquidating their reserves

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Bitcoin and banking’s differing energy narratives are a matter of perspective

The Carbon Bankroll Report was released on May 17 as a collaboration among the Climate Safe Lending Network, The Outdoor Policy Outfit and Bank FWD. The collaboration made it possible to calculate the emissions generated due to a company’s cash and i...

Here’s how blockchains are helping to advance the global energy grid

The blockchain industry’s impact on the energy sector has been a major source of controversy over the past five years. Governments and environmental protection advocates have routinely expressed concerns about the amount of energy required to keep th...

Swedish central bankers snipe Bitcoin mining, cite rampant energy use

Another day, another environmental attack on proof-of-work (PoW) mining. A report shared by the Swedish central bank argued that energy-intensive Bitcoin (BTC) and cryptocurrency mining should be banned. The Swedish central bank, known as the Riksban...

Bitcoin's real energy use questioned as Ethereum founder criticizes BTC

The ever-raging debate around Bitcoin’s energy consumption has been re-ignited, with founding member of Ethereum Anthony Donofrio claiming that Bitcoin is using “way too much” energy. According to figures from Digiconomist, Bitcoin (BTC) currently us...

New York Governor reviewing proposed regulations requiring Proof of Work mining to be backed by 100% renewable energy in order to operate in NY

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Money = Value = Energy = Bitcoin

Throughout our history, before money, we had items to trade. The more time and energy it took to create that item, the more valuable it was.Then we had money which was simplifying the transfer of value. But value was always about time and energy spen...

Hypocrisy of energy bans?

On a scale from 1 to 10 how hypocritical are Bitcoin energy bans and why?Just curious bcos if I'm paying for the energy why does it really matter? Just bad for the environment, well there's a long list of things to get banned too I guess.

Objectors to New York's mining ban say governments can't dictate 'valid use of energy'

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Bitcoin is not consuming too much energy

TLDR: Bitcoin is consuming a great amount of energy, true. Most of the energy consumed however, did not exist from the map, ever, due to difficulties in delivery, before BitcoinPrefaceWe are coming from an angle of a company that deals with Bitcoin m...

Nairobi Based KenGen Allows Bitcoin Miners To Take Benefit From Renewable Energy

Bitcoin miners might soon flood to Nairobi to utilize the geothermal power available for them right now. An energy company makes this power source available and urges miners to purchase it. KenGen operates a renewable energy facility in Olkaria, Nair...

Kenyan energy company entices Bitcoin miners with geothermal power

Kenyan energy company KenGen has put out a call to Bitcoin (BTC) miners to move nearby and buy its excess renewable power capacity.KenGen claims 86% of its energy is generated from renewable sources, mostly geothermal from pockets of ground source he...

US energy company opens crypto mining facility in Middle East to use stranded natural gas

As the heated up discussion around the ethical aspects of using fossil fuels in crypto mining remains one of the key topics for the industry, an unexpected partnership between a Denver-based mining company and the government of a gas-rich Middle East...

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