It has almost become a populist truism that Bitcoin (BTC) is bad for the environment. By using proof-of-work (PoW) as its consensus mechanism, its entire network consumes a prodigious amount of energy, which at the moment is reportedly higher than the annual energy consumption in some countries. … Read More: Ripple’s Exec Campaign Has ‘Zero…
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A letter by a group of Democratic members of the US Congress attacking proof-of-work (PoW) mining and praising proof-of-stake (PoS) is causing an uproar in the Bitcoin (BTC) community, with crypto exchange Kraken CEO Jesse Powell claiming that “PoS fanatics attacking PoW are actual supervillains.”… Read More: ‘PoS Fanatics Attacking PoW are Actual Supervillains’,…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________… Read More: Robinhood Domesticates Shiba Inu, Changes for Celsius Users in US + More News Read more »Pay, Trade, Buy Bitcoin with Credit Card
The environmental impact of Bitcoin (BTC) and crypto mining took center stage during a hearing on digital assets in the US Senate’s Committee on Agriculture on Thursday, as some senators voiced concerns over the “astonishing” energy usage associated with mining. As reported, the Bitcoin mining network is estimated to contribute less than 0.08% to…
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Determined to reduce the carbon footprint of his Bitcoin (BTC) mining operations and cut his electricity bill, Polish miner Paweł Wojciechowski started using photovoltaic (PV) modules to mine the crypto, allocating the excess heat to warm the water in his household. Amid surging demand for his know-how, Wojciechowski has decided to commercialize the technology….…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news._____… Read More: Manchester United & Tezos, US Job Growth, Marathon Mined 816% More Bitcoin + More News Read more »Pay, Trade, Buy Bitcoin with Credit Card
