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“# Green Bitcoin: The impact and importance of energy use for PoW ” While writing the world’s most famous white paper, Satoshi Nakamoto defined the Bitcoin (BTC) mining process. It was established that the minting of new coins would take place through proof-of-work. To carry out this verification and to be able to mine the…
“# No, Musk, don’t blame Bitcoin for dirty energy — The problem lies deeper ” Elon Musk is definitely interested in digital currency, but it seems that he doesn’t want to understand it. At least, I worry that he doesn’t have a deep enough understanding of Bitcoin (BTC) and decentralized systems in general. A decentralized…
“#Hunter Biden held two meetings with ex-NY Gov. David Paterson” Hunter Biden’s tentacles stretched to the Empire State, where he twice met with then-Gov. Paterson, according to emails from Biden’s abandoned laptop. Paterson attended an intimate “policy dinner” in Manhattan on July 14, 2010, organized by Hunter and his business partners in Rosemont Seneca. Attendees marked as…
“# Ignore the headlines — Bitcoin mining is already greener than you think ” Is it possible to mine Bitcoin (BTC) using only 100% renewable energy sources and deliver the same economic returns as those using carbon-based sources? The answer is yes, according to Square’s recent analysis on the cost of renewables and their impact…
“# Shutting down Bitcoin is impossible, Ark Investment founder says ” While Bitcoin (BTC) increasingly falls under the scrutiny of regulators worldwide, Ark Investment founder and CEO Cathie Wood is confident that regulators will not be able to shut down the world’s largest cryptocurrency. Wood said that Bitcoin is “already on its way and it’ll be…
“# Inner Mongolia sets up hotline to report suspected crypto miners ” A new announcement from the Inner Mongolia Autonomous Region Development and Reform Commission, or DRC, has informed the public that they now have a direct way to report on any outlying cryptocurrency operations in the region. As previously reported, Inner Mongolia was once…
“# Iranian crypto miners using household energy to face large fines ” The Iranian government continues to closely monitor the cryptocurrency mining industry by initiating new measures against home crypto miners, according to a new report. Mostafa Rajabi, a spokesman for the Ministry of Energy of Iran, said that crypto mining with household electricity is…
“# Banking system consumes two times more energy than Bitcoin: research ” Amid the ongoing concerns over Bitcoin’s (BTC) energy consumption, a new study states that the traditional banking system consumes much more energy than the Bitcoin network. Michael Novogratz’s cryptocurrency firm Galaxy Digital released a report Friday titled “On Bitcoin’s Energy Consumption: A Quantitative Approach…
“#’Green’ jobs are booming in NYC and the tri-state area” Some people equate having buckets of money with success. Others favor fancy job titles and power. For 31-year-old Patrick O’Gara, it’s all about eliminating carbon emissions. O’Gara spends his days helping people make their homes friendlier to the environment by powering heating and air conditioning…
“# Crypto industry brass explains harnessing renewable energy could help BTC miners ” The energy consumed by mining — the process that keeps Bitcoin’s blockchain running — has been an increasingly popular topic of discussion in recent weeks. On Friday, CNBC posted an interview with SUKU CEO Yonathan Lapchik, during which he explained the Bitcoin…