Bitcoin Mining Firm’s Tire Burning Plan Gets Flak From Environmental Groups
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 […]
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Vaculug, a British company that brands itself as Europe’s largest independent tire retreader, will now accept cryptocurrencies for its products and services. Its management says the business must move with the times and offer customers more options than pounds and pence.
Vaculug to Take Major Coins, Offer Contracts in Cryptocurrency
U.K.-based tire retreading firm Vaculug has announced it will accept two leading cryptocurrencies, bitcoin (BTC) and ethereum (ETH) as a means of payment for tires and related services. The company claims it’s the first in the industry....
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....
Bitcoin miners are helping oil companies cut flaring by using generators running on natural gas that would otherwise be burned. It's a controversial topic in the blockchain community that comes up from time to time — just how much impact Bitcoin (BTC) mining has on the environment. Last year, Tesla's CEO Elon Musk brought forth a sharp correction in the cryptocurrency market by tweeting that Tesla would abandon plans to accept BTC, citing "rapidly increasing use of fossil fuels for Bitcoin mining and transactions." However, a recent report published by CoinShares notes that despite the....
The environmental impacts of the site were quickly called into question following the reveal. Electric services provider Ameren Corporation announced Monday that it has successfully mined upward of 20 Bitcoin (BTC) using excess energy generated by one of its coal-based power plants — the Sioux Energy Center in West Alton, Missouri.While the company set up the data center used to mine the coins back in April, it did not publicly announce the addition until Monday. Its half-megawatt mining facility taps into the Sioux Energy Energy Center’s 972 MW generation capacity to complete the....
Twenty-three U.S. lawmakers have called on the U.S. Environmental Protection Agency (EPA) to increase oversight of cryptocurrency’s environmental impacts. “We request that the EPA evaluate ‘Proof-of-Work’ mining facilities’ compliance with environmental statutes,” they said.
Lawmakers Want More Oversight of Bitcoin Mining Industry
U.S. Representative Jared Huffman (D-CA) and 22 other Congress members jointly sent a letter to Environmental Protection Agency (EPA) Administrator Michael Regan regarding cryptocurrency mining operations....