Bitcoin network’s carbon emission jumped 17% after China ban: Report
The research report blamed the increase of Bitcoin’s carbon footprint on the China mining ban and claimed Chinese miners were more renewable-energy-focused. Bitcoin network’s proof-of-work mining consensus has been a topic of environmental, social and governance debates for a long time, and a new study may only add to the growing controversy around Bitcoin’s carbon footprint.A new research report titled “Revisiting Bitcoin’s carbon footprint” published in the peer-reviewed scientific journal Joules has highlighted that the Chinese crypto mining ban might not have contributed to the....
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Bitcoin mining with flared gas and animal waste gases could help the world’s largest cryptocurrency on a path to becoming zero-emission money. A pro-Bitcoin mining report from self-proclaimed philanthropist Daniel Batten has claimed that Bitcoin could become a zero-emission network.The report builds upon data from the Bitcoin Mining Council to understand the impact of carbon-negative energy sources on Bitcoin’s (BTC) overall carbon footprint. Following an investigation and extrapolation of the results, it claims to then “predict when the entire Bitcoin network becomes a zero emission....
Recently, the White House released a report that details how crypto mining and other technologies contribute directly to pollution, greenhouse gas effect, noise, and other hazardous environmental effects that get in the way of federal agency’s initiatives to attain a net-zero carbon emission that is in adherence to U.S. climate goals. Last month, electricity usage […]
The VeChain Foundation recently revealed a partnership with Amazon Web Services (AWS) to support their VeCarbon platform. The product will enable companies to obtain information on their carbon footprint to properly manage it and remain compliant with emissions targets. Across the world, countries like China have set strict carbon emission goals that must be met […]
According to a February 2021 CNBC report, the carbon footprint of Bitcoin, the world’s largest crypto, is similar to that of New Zealand, with both generating approximately 37 megatons of carbon dioxide into the environment each year. In Rhode Island’s House of Representatives, a bill has been introduced that would reward a home builder with […]
The Bitcoin community supporting environmental causes is nothing new. Just a few months ago Genercoin was released by Arterran Renewable Fuels. The basis of Genercoin was a new biofuel developed in the Arterran labs. Each Genercoin represented a certain amount of the fuel, based on British Thermal Units (BTUs). One Genercoin might be worth 10,000 BTUs for instance. But a new development is completely different and might have a significant effect on carbon emissions. The new coin, called GreenCoin, offers incentives to alternate energy businesses for reducing their carbon footprint. Their....