2021-2-6 15:09 |
Bitcoin energy consumption has been at its highest historical levels since late 2020, according to Digiconomist’s Bitcoin Energy Consumption Index. origin »
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The debate surrounding the Bitcoin network’s energy consumption has been intense and mostly tilted in favor of BTC detractors. These individuals and entities have used the Cambridge Bitcoin Electricity Consumption Index (CBECI) to make an argument against the cryptocurrency.
2023-9-1 19:00 | |
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While detractors often cite Bitcoin’s energy consumption as a negative, this doesn’t automatically imply environmental impact.
2021-12-30 00:45 | |
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The Cambridge Centre for Alternative Finance has released an index of sorts devoted to macro data about Bitcoin, all of it relating to electricity consumption. Tree Huggers Take Solace Historically, one great objection to Bitcoin has been its perceived large-scale energy consumption.
2019-7-6 20:35 | |
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Энергозатраты сети биткоина превысили общий уровень годового потребления энергии в таких странах, как Швейцария, Греция и Кувейт. Об этом сообщает BBC со ссылкой на исследование Кембриджского университета.
2019-7-3 18:39 | |
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The University of Cambridge recently launched an index for tracking the electricity consumption from Bitcoin mining. The data provides interesting insights into the profitability and environmental impact of cryptocurrency mining.
2019-7-3 15:03 | |
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The Cambridge Centre for Alternative Finance (CCAF) has just launched the Cambridge Bitcoin Electricity Consumption Index (CBECI). Its hope is to cut through the myths and provide unbiased and accurate real-time data for analysis.
2019-7-3 15:00 | |
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It’s no secret that mining bitcoin consumes an extraordinary amount of energy—in fact, more than the entire country of New Zealand. Such a level of energy consumption is not only a problem for the existential issue of climate change, but also threatens the sustainability of the entire bitcoin (and crypto) economy.
2019-6-30 18:00 | |
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Following a surge in power consumption, Iranian authorities detected and seized 1,000 Bitcoin mining machines
2019-6-30 19:01 | |
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Authorities in Iran have seized around 1,000 Bitcoin mining machines from two abandoned factories, according to Reuters. The report hasn’t stated what cryptocurrency was being mined, or for how long the farm had been operating.
2019-6-28 11:41 | |
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On Tuesday, the Iranian energy grid corporation Tavanir warned illegal bitcoin mining operations that they would be cut off from their supply. Following the announcement, pictures of a mining facility set up in a mosque went viral on social media.
2019-6-27 20:45 | |
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Mostafa Rajabi Mashhad, the spokesperson for Tavanir, an Iranian state-operated grid entity, has explained that electrical consumption has spiked by 7% in comparison to the previous year. Rajabi blames illegal cryptocurrency mining operations for the country’s increased electrical consumption and has warned that illicit mining facilities will be cut off from the grid.
2019-6-26 00:30 | |
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Colorado has guaranteed the emission of low-cost energy to large industrial or commercial customers. The new legislation, however, raises questions about how the cryptocurency mining industry might hurt the state’s clean energy goals.
2019-6-25 11:00 | |
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By CCN Markets: Here we go again. Yet another article has surfaced taking potshots at the perceived threat of Bitcoin’s energy consumption. A recent article out of MIT Technology Review claims that: Mining Bitcoin is a hugely wasteful process.
2019-6-14 14:55 | |
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There’s a lot of debate over whether bitcoin mining is bad for the environment. Many bureaucrats and mainstream media pundits claim that mining is wasteful and bitcoin’s energy consumption cannot be ignored.
2019-6-7 18:22 | |
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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.
2019-6-7 17:45 | |
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One of the most commonly repeated criticisms of Bitcoin is its energy consumption. It seems that every few months, some new report is penned stating that Bitcoin uses the same amount of electricity as an ever larger country.
2019-6-1 00:00 | |
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Gleb Naumenko, a Bitcoin Developer, recently announced the release of Erlay, an efficient transaction relay protocol for Bitcoin, and made it available to the public for general use. Naumenko’s announcement stated that the objective behind the relay protocol was to make transaction announcements more convenient by sending them directly to over a “small number of […] The post Bitcoin [BTC] developer releases Erlay; Relay protocol expected to half node’s bandwidth consumption appeared first on AMBCrypto.
2019-5-28 21:00 | |
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Ethereum has been having quite a year for itself — with the premier altcoin currently resting around the $235 region after having hit a relative low of $86 just 6 months back. Statistical data shows that ETHs native GAS consumption has been on the rise this year, thereby signifying an increase in the development of […]
2019-5-23 16:45 | |
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The recent market surge witnessed a major growth as virtual assets collectively improved the overall market capitalization of crypto assets, which was around $248 billion at press time. Bitcoin [BTC], the most popular asset, breached the $8000 mark almost after a year, and was consolidating above $7500, at press time.
2019-5-23 22:30 | |
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The Dutch central bank developed and evaluated four distributed ledger technology (DLT) prototypes in three years, but so far blockchain hasn’t lived up to the hype, The Banker reports. In fact, the only use-case it can easily envision is cross-border payments, after it discovered that markets with efficient payment systems that exist (such as Nordic countries and the Netherlands) don’t really benefit from blockchain.
2019-5-1 17:15 | |
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According to the reports, the cryptocurrency mining process requires three times more energy than digging up gold that is worth a dollar. In fact, global Bitcoin mining alone has transcended the energy consumption of some nations including Ireland in recent years.
2019-5-1 00:39 | |
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Cryptojacking — the process of infecting computers with malware to mine cryptocurrency — has declined alongside prices during cryptowinter. But like any dextrous organism facing extinction, the virus and its propagators are adapting.
2019-4-27 22:07 | |
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By CCN: Antoine Le Calvez, a researcher for CoinMetrics, set out to determine how Bitcoin’s environmental impact compares to that of the auto industry. His striking conclusion? US vehicles consume roughly the same amount of energy in three days as Bitcoin has consumed in its entire existence.
2019-4-15 22:00 | |
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Bitcoin Consumption In 10 Years Is Equal To What US Drivers Consumed In Just Three Days According to data provided by Coin Metrics, Bitcoin (BTC) miners consumed in ten years as much energy as US cars in just three days.
2019-4-12 22:01 | |
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This article was originally published by 8btc and written by Chloe Jiang. Bitmain, the world’s largest bitcoin miner manufacturer, has announced specifications for its Antminer 17 series machines, which will be globally available on April 9, 2019.
2019-4-9 20:14 | |
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In a pushback against power-heavy crypto mining, it has been reported on April 4, 2019, that the Montana County of Missoula has passed a motion requiring all new crypto mining projects to invest in renewable energy.
2019-4-8 13:00 | |
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The benefit for the planet may be incalculable by switching to a sound money like Bitcoin from inflationary ‘cheap’ money that incentivizes waste, incessant growth, and profligate consumption.
2019-4-5 02:00 | |
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Cryptomining is the process whereby cryptocurrency transactions are verified and added as new blocks on the decentralized ledger known as the Blockchain. Mining cryptocurrencies is a costly business, in terms of energy usage.
2019-3-28 09:04 | |
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After a year on its testnet, the VeriBlock blockchain went live yesterday on the Bitcoin mainnet, allowing exchanges, wallet providers, merchants and other crypto businesses to leverage Bitcoin’s robust blockchain security.
2019-3-27 19:35 | |
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United States’ Missoula County, also referred to as a hub of five valleys, is planning to regulate cryptocurrency miners so that they comply with zoning and noise regulations and most importantly, forgo fossil fuel energy in an effort to reduce climate change, as reported by the local publication Missoulan on March 20.
2019-3-21 15:59 | |
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Bitcoin miners consumed as much as energy in 2018 as Hungary, according to Alex de Vries. The researcher at the Netherlands’ PricewaterhouseCoopers (PwC) branch studied bitcoin’s global energy consumption all across the year.
2019-3-14 16:09 | |
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Chinese Bitcoin mining community is back in action again, buying second-hand mining equipment and making deals with hydroelectric power plants in order to cash on the abundant water supply during the summer would hopefully reduce the energy consumption costs for the miners.
2019-3-5 19:32 | |
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In a blog post published February 18, 2019, the Chinese cryptocurrency mining juggernaut Bitmain announced the launch of their next generation 7nm ASIC chip, named BM1397. The new chip facilitates faster and more economical mining for cryptocurrencies that use the SHA256 algorithm for computation of mathematical problems.
2019-2-20 13:00 | |
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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.
2019-2-19 00:53 | |
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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 […]
2019-1-28 23:19 | |
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Another mainstream media outlet has published a piece warning of the dangers Bitcoin poses to the environment. We’ve heard these overly simplistic arguments countless times before. But even if one was to accept that Bitcoin’s energy consumption is substantial, the figure still pales in significance to traditional financial institutions, whose carbon footprint is colossal.
2019-1-21 20:12 | |
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Hive Blockchain Technologies has published an update regarding the company’s response to the Norwegian Parliament’s recent approval of a legislative bill that will restrict cryptocurrency miners from accessing the tax relief on electricity consumption available to other power-intensive industries.
2019-1-2 12:35 | |
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Azultec is a company that has been researching current mining solutions as part of its project to create an efficient alternative with high computing power and low energy consumption. Its Cube devices are silent mining rigs that can be installed in living rooms.
2018-12-29 13:05 | |
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During an interview for a podcast from Blockchain Insider – Vitalik Buterin, very respected and well known creator of Ethereum [ETH – third largest cryptocurrency by market capitalization], added his comments on the functionality and future of Bitcoin and Ethereum.
2018-12-28 01:06 | |
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In a bid to raise awareness about the crypto industry’s energy consumption, the Institute of Human Obsolescence, a Dutch organization focused on data ownership, explored the energy usage of Bitcoin and found that 44,000 would need to provide their body energy for a month in order to mine a single Bitcoin, Motherboard reported on January 3, 2017.
2018-12-27 00:00 | |
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Americans and their Christmas lights consume a staggering amount of energy. For December alone, these glowing ornaments consumed 4. 5 terawatt-hours of electricity, more than the annual consumption of Laos.
2018-12-24 12:54 | |
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Bitcoin and its trustless, decentralized design requires a unique process called mining that validates each transaction being added to its underlying blockchain. The process involves solving complex mathematical equations, and typically requires some serious computer processing power, and even specially-designed hardware, to validate each block.
2018-12-18 20:01 | |
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On Nov. 27, the world’s second-largest semiconductor chip maker, Intel, was granted a patent for a processing system that mines Bitcoin but utilizes more “energy-efficient hardware accelerators.
2018-12-2 18:55 | |
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Intel says it can reduce energy consumption for bitcoin mining by "about 15 percent."
2018-12-1 21:38 | |
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Swathes of cryptocurrency mining establishments are going out of business at the moment, mostly because of high energy prices and the rising difficulty of mining, which adds up to an unprofitable system.
2018-11-30 13:12 | |
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One of the chinks in the armor of blockchain technology is its intensive energy consumption. However, a report by Harvard Business Review, published November 27, 2018, sheds light on some of the lesser, and even nil, energy-consuming alternatives that can pave the way for DLT to be the global disruptor as it is often deemed to be.
2018-11-28 20:00 | |
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Think mining bitcoin is a waste of energy? Then you better ignore the energy consumption of US Christmas lights every year, which uses more electricity than some countries. Energy Consumption of US Christmas Lights ‘Tis the season to be jolly.
2018-11-24 00:00 | |
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Charles Hoskinson is best known today as a co-founder of both Ethereum and IOHK, where he leads the research, design and development of Cardano. But before these projects, there was Bitcoin.
2018-11-20 23:08 | |
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One of the biggest criticism against Bitcoin has been its energy-intensive Proof Of Work Algorithm. Just the phrase ‘Crypto-Mining’ is synonymous to operations that have high energy usage. Yet, mining remains the backbone of the crypto industry.
2018-11-15 03:35 | |
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Bolivia’s state-owned energy firm YPFB will begin using crypto to pay for fuel imports as the country grapples with a severe shortage of U.S. dollars and dwindling natural gas production. The decision follows government approval to use digital assets for…
The site was ground zero for a partial nuclear meltdown in 1979, which affected a separate unit and caused nearby areas to evacuate.
The company will help monetize stranded energy in the African country and help manage its renewable energy production.
The US Department of Energy (DOE) and Energy Information Administration (EIA) have scrapped their emergency survey of Bitcoin mining’s power usage following a lawsuit from industry groups, Reuters and other news outlets reported.
As both artificial intelligence and cryptocurrency gain traction in several aspects of our lives, their escalating energy demands have become a critical issue. Like all technologies that improve our quality of life at the cost of using resources, generative AI and cryptocurrencies—Bitcoin (BTC) in particular—have already produced tremendous value while consuming tremendous amounts of energy.
Investing in assets "outside of the traditional financial system” is the only way to preserve one’s wealth, according to the former BitMEX CEO.
A Singapore-based fund manager will purchase Mawson Infrastructure Group's Texas subsidiary and said it will participate in the state energy grid’s load response program.