While Bitcoin Energy Concerns Grow, Nobody Discusses the Carbon and Military ...
This week a great number of bitcoin supporters and skeptics have been arguing over whether or not bitcoin mining is harmful to the global environment. However, crypto supporters have been saying that concerns over the Bitcoin network’s energy supply are absurd, in contrast to the carbon used and the military violence that backs a number of fiat currencies including the U.S. dollar. One could even go as far as to say that the American dollar alone has left boot prints on large groups of humans over the years and desecrated entire countries. Musk and Dorsey Still Use US Dollars When....
Related News
Published research shows Bitcoin mining produces a mere fraction of the carbon emissions coming from the world’s military-industrial complex.
The meteoric rise of Bitcoin and other cryptocurrencies has fascinated the financial world and beyond. However, as cryptocurrencies have grown in popularity, concerns have also been raised about their impact on the environment. The energy-intensive process of Bitcoin mining has raised concerns about its impact on carbon emissions and environmental degradation. In this in-depth article, […]
Bitcoin energy consumption has been at its highest historical levels since late 2020, according to Digiconomist’s Bitcoin Energy Consumption Index. The recent surge of Bitcoin (BTC) price has driven notable growth in the amount of electricity consumed by Bitcoin miners, spurring another wave of argument in the community over the ecology of the seminal cryptocurrency.According to the latest data from Digiconomist’s Bitcoin Energy Consumption Index, Bitcoin energy consumption has been at its highest historical levels since late 2020, with the estimated annual consumption level staying above....
New York Digital Investment Group estimates that Bitcoin mining will not represent more than 0.4% of global electricity consumption over the next decade. A new study from the New York Digital Investment Group (NYDIG) has projected that Bitcoin’s energy consumption will remain below 0.5% of the global total over the next decade.NYDIG published its 'Bitcoin Net Zero' research paper this month, finding that Bitcoin’s energy consumption and carbon emissions will not skyrocket in the coming years, even if prices do. The study, which was penned by Castle Island Ventures partner Nic Carter and....
Energy Harbor will provide carbon-free nuclear energy to Standard Power’s forthcoming bitcoin mining farm in Ohio.