Bitcoin energy debate resurfaces with calls for ‘green hackers’ to attack net...
“If you’re not a green hacker, and you’re not doing it for the planet, you can also do it for the money: by speculating downward on the price of Bitcoin before launching attacks.” The exponential rise in Bitcoin’s price and hash rate is driving critics to once again question the largest blockchain’s energy efficiency — with calls for “green hackers” to band together to mount an attack on the network.Total world production and consumption vs. Bitcoin. Source: CBECIA self styled “developer and ecologist” who goes by the name of Franck Leroy created Twitter and Medium accounts this month to....
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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 debate over the resource cost of gold is critical in understanding the present-day fixation with Bitcoin’s energy costs.
On Sunday, Tesla’s CEO Elon Musk tweeted that when there’s “confirmation of reasonable (~50%) clean energy usage by miners with positive future trend, Tesla will resume allowing Bitcoin transactions.” Elon Musk And The Green Energy Debate These days, Elon Musk and a slew of other billionaires have a lot to say, and it appears that […]
Hackers are increasingly targeting cryptocurrency startups running on specific blockchains. Cryptocurrency platforms have been the hackers’ favorite. Bitcoin exchanges and trading platforms figure on top of their list. Hacking incidents including the latest Bitfinex hack stands proof of that. But with established Bitcoin platforms opting for high-security standards, hackers are now settling for the next best thing, cryptocurrency startups. A recent report published by BBC describes a security incident faced by one of the small Florida-based digital currency startups to prove the point. The....
The energy debate is misleading, and characterizes energy usage as an objectively measurable undertaking (which is not true).