First Crypto Mining ETF Launched, How It Will Support Bitcoin Sustainability
Fund manager Viridi Funds has launched the first focused Bitcoin crypto mining investment product. Called the Viridi Cleaner Energy Crypto Mining & Semiconductor ETF (RIGZ), the product will be traded on the New York Stock Exchange (NYSE). Launched as an actively managed ETF, Viridi will invest in crypto mining companies and mining infrastructure industries, according […]
Related News
Recent announcements and actions by Elon Musk surrounding bitcoin mining sustainability raise questions about the reasoning and motivations of Tesla’s Technoking. Is it possible that Musk is playing a calculated marketing game to introduce a Tesla mining solution? The World of Bitcoin Mining According to Musk Once upon a time, for 49 days, the world was able to purchase Teslas with bitcoin. Then, on May 12, Elon Musk posted the now-infamous tweet saying that Tesla “suspends” vehicle purchasing using bitcoin due to the increasing use of fossil fuels for bitcoin mining and....
The World Economic Forum (WEF) has launched the Crypto Sustainability Coalition, an initiative dedicated to assessing the role of Web3 technologies in the fight against climate change. The organization, which is composed of 30 companies, educative groups, and other institutions, will research the impact of the energy consumption of these technologies, and how they can be used to aid the current decarbonization efforts.
WEF to Use Web3 to Fight Climate Change
Web3, a term that groups cryptocurrency and blockchain-based technologies, is currently in the spotlight of energy groups....
Hass McCook is a chartered engineer and freshly minted Oxford MBA. He has been researching bitcoin over the past several months and recently joined the Lifeboat Foundation's New Money Systems advisory board. Here, in the first in a series of articles on bitcoin's sustainability, he seeks to analyse the economic and environmental factors involved in the process of bitcoin mining. There has been a lot of uncertainty surrounding the sustainability of the bitcoin network, with this fascinating nascent technology facing several unsubstantiated claims that it is highly unsustainable from a....
The European Union’s MiCA bill has had a line related to environmental sustainability added back in, which could be problematic for Bitcoin miners in the region. The legal standing of Bitcoin mining in the European Union hinges on the results of a March 14 vote in the European Parliamentary Committee on Markets in Crypto Assets (MiCA).A controversial line concerning the “minimum environmental sustainability” of crypto mining has been reintroduced to the bill after previously being taken out. The new line would require blockchain operators to submit a rollout plan detailing how they will....
A Bitcoin mining company has come under fire for seeking approval to utilize tire-derived fuel to power its crypto mining operations in Nesquehoning, Pennsylvania. The contentious decision has set environmental advocacy groups and the company on opposing fronts, highlighting the ongoing tension between technological advancements and sustainability efforts. Stronghold Digital Mining, a Pennsylvania-based cryptocurrency mining […]