Is It Possible For Crypto To Go Green? Big Companies Are Trying, But It’s Not...
Going green is an ideal way to run crypto — but is it doable? Governments have been concerned about the negative impacts of cryptocurrency mining to the environment as it exhausts massive amounts of energy, especially for the so-called “proof of work” mechanism. China, for instance, has banned Bitcoin mining. In Northern Sweden, Hive Blockchain, […]
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Bitcoin miners may opt for ESG ratings to prove “greenness” as environmental concerns loom over the entire crypto industry. Environmental concerns regarding the energy-intensive, proof-of-work (PoW) mechanism that Bitcoin (BTC) uses to produce new coins and verify transactions have been front and center lately. Debates regarding Bitcoin’s energy use particularly surged following a tweet sent out by Tesla CEO Elon Musk in May saying that his company would no longer accept Bitcoin payments due to the network’s “increasingly rapid use of fossil fuels.”Since then, a number of ways Bitcoin....
Companies’ environmental, social and governance scores are based almost exclusively on subjective values masquerading as objective measures.
The road to a green bitcoin continues. This time, it’s with an idea so wild that it just may work. It arrives via a whitepaper titled “Greening Bitcoin With Incentive Offsets” by Troy Cross and Andrew M. Bailey. Did they find a way to align the protocol’s incentives with the green bitcoin future some people […]
Another day, another bitcoin mine that uses green energy to operate. We have to highlight these initiatives to show how bitcoin and green energy are a complete match. They’re not at odds with each other as the FUD wants you to think. This time, it was The Guardian that took a look at Kryptovault. “A […]
The owners of the troubled digital currency exchange MintPal are moving to take legal action against former Moopay LTD CEO Alex Green. Green, who was once known as Ryan Kennedy, is accused of stealing as much as 4,000 BTC ($1.3m at press time) in user funds from MintPal following its failed relaunch and the subsequent collapse of Moopay (more commonly known as Moolah), which assumed control of the exchange this summer. Much of the stolen bitcoin was held in cold storage under the control of Green, according to the MintPal leadership. In the past two weeks, numerous allegations tying Green....