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US Senators call on OSTP to restrict PoW mining to zero-carbon energy sources
Five United States Senators have sent a letter to the White House’s Office of Science and Technology Policy (OSTP), requesting the entity to restrict energy use for Proof-of-Work (PoW) crypto miners. дальше »
2022-6-24 18:00 | |
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Bill Seeking Two-Year Bitcoin Mining Ban Just Passed In New York State Senate
The New York State Senate voted to pass a bill early on Friday that would essentially put a two-year ban on all new proof-of-work (PoW) bitcoin mining facilities within the state that utilize non-renewable energy to power their activities. дальше »
2022-6-4 18:05 | |
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U.S. oil and gas companies are using unspent energy for bitcoin mining
Proof-of-Work (PoW) blockchains such as Bitcoin and Ethereum have been under the scrutiny of regulatory agencies because of the high carbon footprint they leave at their pace. PoW blockchains utilize huge amounts of electricity used in computational power to mine transactions and mint new coins. дальше »
2022-3-30 00:59 | |
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'Ditching' PoW will benefit miners per 'least disruptive' solution by Ripple's Chris Larsen
Mining for Bitcoin is a highly intensive process. It involves heavy computing to verify transactions. The energy demand for mining Bitcoin has grown significantly since 2013. As of 10 December, it reaThe post 'Ditching' PoW will benefit miners per 'least disruptive' solution by Ripple's Chris Larsen appeared first on AMBCrypto. дальше »
2021-12-11 00:30 | |
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Swedish Regulators Propose PoW Mining Ban. State-Owned Power Company Defends It
In Sweden, financial and environmental regulators want to ban PoW mining. Unfortunately, they forgot to add Vattenfall to the email. And Sweden’s biggest green energy power company categorically rejected their claims on national public television. дальше »
2021-11-10 15:11 | |
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Ethereum Data Purposes Green Ecological Revolution in Blockchain
Crypto miners are shifting from the conventional Proof-of-Work (PoW) algorithm to a greener alternative. Ethereum, for instance, is migrating from PoW 1. 0 to Proof-of-stake (PoS) 2. 0 to reduce its energy footprint and cheapen transactions. дальше »
2021-7-2 21:42 | |
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Senator Warren Calls Out Bitcoin’s Energy Consumption — Bitcoiners Bite Back
U. S. Senator Elizabeth Warren criticized Bitcoin and cryptocurrencies yesterday in a Banking Senate Subcommittee hearing. In the hearing, Warren criticized the energy consumption that Bitcoin and other proof-of-work (PoW) cryptocurrencies need to operate. дальше »
2021-6-11 23:30 | |
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NBC News Declares Cardano The Most Significant Proof-Of-Stake Crypto In The Cryptoverse
If you’ve gone anywhere near the internet the last few weeks, you’ve probably discovered that the debate around the energy consumption of bitcoin and other Proof-of-Work (PoW) cryptocurrencies has intensified. дальше »
2021-6-11 23:02 | |
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Who Needs Coal When You Have Cow Dung? Cryptocurrency Mining Goes Brown
Proof-of-Work (PoW) cryptocurrency mining has been the subject of bad press in recent times. Critics argue that excessive energy consumption, and its use of fossil fuels, are wasteful and causing irreparable damage to the environment. дальше »
2021-6-11 15:00 | |
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Veriblock Reveals Initiative to Recycle Bitcoin’s Energy Consumption by Securing Dogecoin
On Wednesday, the Veriblock project, a blockchain that leverages the implementation of proof-of-proof (PoP) consensus, announced an initiative to secure the Dogecoin blockchain using Bitcoin. The Veriblock Foundation believes the effort counters the hostile ‘Blood Bitcoin’ narrative in regard to recent environmental concerns over proof-of-work (PoW). дальше »
2021-5-28 22:30 | |
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As Bitcoin Drops in Value, Proof-of-Stake Tokens That Use Less Energy See Double-Digit Gains
Crypto markets have been very volatile in recent times and a great number of digital assets have dropped more than 30% in value during the last three days. Although, not all the coins in the crypto economy are doing badly, as coins that do not leverage proof-of-work (PoW) consensus algorithms have actually done well after […] дальше »
2021-5-15 22:30 | |
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Ripple’s Chris Larsen Believes Bitcoin Dominance Could Fall Over Proof-of-Work’s Energy Consumption
Ripple Labs cofounder Chris Larsen has a bone to pick with bitcoin and crypto networks that leverage proof-of-work (PoW). Larsen’s latest write-up explains that the crypto industry needs to reconsider PoW because of the effects on the environment. дальше »
2021-4-25 18:00 | |
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Bitcoin’s Real Price: Is Crypto Mining Consuming Our Planet?
Concerns about the impact of proof of work (POW) and bitcoin (BTC) mining on the environment are growing. As interest in cryptocurrencies expands, there is an increase in energy consumption. The post Bitcoin’s Real Price: Is Crypto Mining Consuming Our Planet? appeared first on BeInCrypto. дальше »
2021-4-9 00:00 | |
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Bitcoin Energy Consumption Is Far More Efficient and Greener Than Today’s Banking System
While bitcoin and a variety of digital currencies have swelled in value, a number of critics have spread fear, uncertainty, and doubt (FUD) in regard to the energy consumption proof-of-work (PoW) cryptocurrencies leverage to produce new units of currency. дальше »
2021-1-20 02:00 | |
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Ripple CTO David Schwartz Criticizes Bitcoin For Not Being Eco-Friendly Like XRP
Ripple CTO David Schwartz criticized Bitcoin in a new blog post that claims XRP’s consensus mechanism is more environmental-friendly than BTC’s proof-of-work (POW), which ‘consumes a lot of energy and ultimately harms the environment’. дальше »
2020-7-11 18:16 | |
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Report: Power Ledger (POW) P2P Energy Trading Solution Has Real Use Case
Power Ledger (POWR), an Australian blockchain-powered energy trading firm founded in 2016, has conducted a solar energy trading trial in collaboration with the Australian government and found out that distributed ledger technology (DLT) based P2P energy trading helps consumers slash costs, according to reports on June 22, 2020. дальше »
2020-6-22 15:07 | |
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Microsoft Files Patent For New Cryptocurrency and Mining System
Microsoft wants to create a new cryptocurrency that’s still mined using PoW–except replacing expensive power-intense mining rigs with basic human energy. If that sounds a little strange, you should take a dive deep into the details of the patent published yesterday filed by Microsoft. дальше »
2020-3-27 17:02 | |
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PoS networks could have inherent governance problems
As environmentalists continue to criticize Bitcoin’s proof-of-work (PoW) consensus algorithm for using too much energy, proponents of delegated proof-of-stake (DPoS) have come forward, touting its aThe post PoS networks could have inherent governance problems appeared first on AMBCrypto. дальше »
2020-2-19 23:30 | |
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Tezos, Cardano, EOS, other DPoS networks could have inherent governance problems
As environmentalists continue to criticize Bitcoin’s proof-of-work (PoW) consensus algorithm for using too much energy, proponents of delegated proof-of-stake (DPoS) have come forward, touting its aThe post Tezos, Cardano, EOS, other DPoS networks could have inherent governance problems appeared first on AMBCrypto. дальше »
2020-2-19 23:30 | |
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India: Major Electricity Firm Adopts Power Ledger (POW) DLT Solution
BSES, New Delhi’s major electricity distribution company has integrated Power Ledger’s (POW) distributed ledger technology (DLT) solution into its processes to allow residents to trade their excess solar energy in a frictionless way, reports Energyworld on November 14, 2019. дальше »
2019-11-14 20:00 | |
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Top 5 Most Lucrative Proof of Stake Platforms
Proof of Stake (PoS) platforms are firm on their way to become the new benchmark in the crypto industry, as their Proof-of-Work (PoW) ancestors continue to grow out of date. PoS’ main advantages include sustainability and incentivization. дальше »
2019-7-21 19:46 | |
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Nearly 75% of All Bitcoin Mining’s Energy Consumption is Done Using Renewable Sources: CoinShares Report
Crypto treasury management firm, CoinShares publishes a report in which it noted Bitcoin Mining using mostly renewable energy. Analysts have been criticizing the energy-intensive proof-of-work (PoW) the -based process of bitcoin mining – as they've pointed out that it's not eco-friendly. дальше »
2019-6-7 17:45 | |
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Is Bitcoin Mining Really An Environmental Catastrophe?
We’ve seen the screaming headlines: Bitcoin uses more electricity than Ireland! Bitcoin is an environmental terrorist! Bitcoin will use more energy than the whole wide world by next year! (Yes, really… Newsweek actually published that. дальше »
2019-4-25 19:40 | |
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Bitmain Unveils Its Latest Energy-Efficient Mining Chip for Bitcoin
China-based mining giant Bitmain has announced a new mining rig that uses less power. The hardware mining manufacturer has launched a 7nm application-specific integrated circuit (ASIC) processor dubbed the BM1397. дальше »
2019-2-19 00:53 | |
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Michael Dubrovsky Explains What Optical Proof-of-Work (PoWx Algorithm) Is
In a recent blog post, Michael Dubrovsky, the founder of PoWx, explains how the Optical Proof-of-Work (oPoW) works and how it can help Bitcoin (BTC) scale and reduce energy consumption. At the moment, Proof-of-Work (PoW) activities to secure the Bitcoin network require a lot of energy to power the ASIC mining hardware. This is something […] дальше »
2019-1-28 23:19 | |
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Proof of Burn | Consensus Through Coin Destruction
Proof of Burn (PoB) is a consensus method that aims to address the energy consumption problems found in Proof of Work (PoW) systems. The post Proof of Burn | Consensus Through Coin Destruction appeared first on CoinCentral. дальше »
2019-1-4 20:31 | |
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Intel Wins Patent For Energy-Efficient PoW Mining
Intel says it can reduce energy consumption for bitcoin mining by "about 15 percent."
дальше »2018-12-1 21:38 | |
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GenerEOS Calculates That EOS Is 66,000 Times More Energy Efficient Than Bitcoin
In a new blog post, Sydney block producer candidate GenerEOS talked about energy consumption comparisons of the EOS blockchain with the two most prominent blockchain networks – Bitcoin and Ethereum. дальше »
2018-10-29 20:29 | |
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What is Proof of Assignment (PoA)?
Proof of Assignment (PoA) is a new-age consensus mechanism that requires less power and can run on relatively low-end hardware. It claims to score higher than traditional consensus algorithms like Proof of Work (PoW) and Proof of Stake (PoS), which are alleged to consume more energy and require substantially more computing power and memory. PoA’s […] дальше »
2018-10-22 09:00 | |
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Ammeris ICO
Ammeris is creating a platform that is designed to host frictionless interconnectivity. The Platform is now onboarding and incubating businesses and organizations seeking to use a sustainable and long-term oriented network for their applications that is easy and cost efficient to use –creating the beginning steps of a global decentralized ecosystem. дальше »
2018-9-6 05:33 | |
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Op Ed: DApps Can Increase Audience Engagement for Creators and Influencers
Many of us are familiar with the term “DApp,” which stands for “decentralized application. ”Foundationally, a DApp is an application that runs using blockchain technology on a decentralized network of computers instead of on a central database. дальше »
2018-9-4 21:43 | |
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Bitcoin Green’s Hugh Naylor on How to Mine Crypto Without “Destroying The Environment”
The crypto industry has a nasty problem: while most of the world is investing in sustainable energy solutions, cryptocurrency mining is using exorbitant amounts of energy. Environmentalists have criticized proof of work (PoW) blockchains as unsustainable and wasteful. дальше »
2018-7-30 22:48 | |
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PoWx’s Optical Proof of Work May Solve two of Bitcoin’s Biggest Problems
With bitcoin becoming more competitive, a new organization looks to bring decentralization back to mining by renovating the Proof of Work (PoW) consensus algorithm that some miners have come to love. дальше »
2018-7-18 19:00 | |
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PoWx Seeks to Change Bitcoin Mining with “Optical PoW”
Nonprofit organization PoWx has launched this week with the goal of boosting the idea behind proof of work (PoW) through more innovative algorithms. The company is seeking to decentralize Bitcoin mining and make it more accessible to consumers through a new technology that executives have dubbed “optical PoW” — a new type of hardware that utilizes a more advanced and energy-efficient form of laser technology as the cornerstone of mining. дальше »
2018-7-14 01:04 | |
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