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“# Enterprise blockchain to play a pivotal role in creating a sustainable future ” Bitcoin (BTC) is often used to criticize all blockchain-based projects. This is understandable since Bitcoin was the first project to use a blockchain, is arguably the most recognizable and is the largest cryptocurrency by market cap. In the first half of…
“# Report claims each Solana TX uses less energy than 2 Google searches ” A transaction on the Solana network takes less energy than two Google searches, and 24 times less energy than charging your phone, according to a Nov. 25 report by the Solana Foundation. The report states that a single transaction on its…
“# Discord drops Ethereum and NFT integration plans after backlash ” Popular community messaging app Discord has been forced to walk back its integration plans with Ethereum (ETH)-based NFTs following strong backlash from a significant number of its user base. The pushback started on Nov. 9 after Discord’s founder and CEO Jason Citron tweeted “probably…
“# Bitcoin miners look toward nuclear power for sustainable energy ” Major players in the Bitcoin (BTC) mining industry have their sights set on nuclear energy as pressure mounts to go green. Nuclear energy could present a “tremendous opportunity” to introduce “enormous amounts of clean, carbon-free” energy to the base load, said GRIID vice president…
“# Influx of crypto miners to Kazakhstan reportedly strains energy supply ” Now responsible for the second biggest contribution to the Bitcoin hashrate, Kazakhstan’s energy grid may be unprepared to handle the addition of many cryptocurrency miners from China and others looking to capitalize on low cost electricity. In a Nov. 10 report from Reuters,…
“# Kazakhstan expects at least $1.5B in economic activity from crypto mining within 5 years ” A report from the Data Center Industry & Blockchain Association of Kazakhstan, or NABDC, estimates that cryptocurrency mining could bring $1.5 billion in revenue for the country over the next five years. Currently, corporate digital currency mining activities generate…
“# New York businesses ask governor to deny permits for crypto mining ” The New York State Governor Kathy Hochul has been asked by a group of local businesses to deny permits for converting the city’s old fossil-fuel power plants into crypto mining centers. The request comes in the form of a letter cosigned by…
“# Canadian city plans to supply residents’ heat using Bitcoin mining ” MintGreen, a Canada-based cleantech cryptocurrency miner, will be partnering with the Lonsdale Energy Corporation to supply heat to residents of North Vancouver in British Columbia starting in 2022. In an Oct. 14 announcement, MintGreen said its “digital boilers” — which it claims can…
“# Bitcoin mining estimated to represent 0.9% of global carbon emissions in 2030 ” A new study from the New York Digital Investment Group (NYDIG) has projected that Bitcoin’s energy consumption will remain below 0.5% of the global total over the next decade. NYDIG published its ‘Bitcoin Net Zero’ research paper this month, finding that…
“# 2021’s BTC energy use passes 2020’s, as study claims each tx produces 272g of e-waste ” A new study suggests that Bitcoin has already used more power so far this year than it did in all of 2020. By the end of the year, the Bitcoin network will have consumed 91 TW/h (terawatt-hours or…