New research reveals that each transaction involving Bitcoin results in the wastage of water equivalent to filling up an entire swimming pool, highlighting the significant environmental consequences associated with cryptocurrencies.
Riot Platforms, the crypto mining company, recently scored a cool $31.7 million in energy credits from ERCOT, the Texas power grid operator. How did they do it? By simply reducing
Bitcoin has faced widespread criticism for the massive amounts of energy consumed by the millions of nodes and mining rigs out there generating proof-of-work computations — so a number of
People have a wide range of emotions when it comes to bitcoin. It’s the cryptocurrency that began it all, the source of a thousand jokes, a thousand more questions, a
The World Wildlife Fund’s (WWF) UK chapter launched “non-fungible animals” last week, an ill-advised spin on the NFT fad ostensibly aimed at conserving endangered species. From the outset, it was
Bitcoin mining is an energy-intensive process that involves using powerful computers round the clock to solve complex mathematical problems. It is a decentralised digital currency that has no physical existence.
Until November 2018, the annual electricity consumption by Bitcoin was estimated to be about 46 Terawatt-hour (TWh), revealed the study by the Technical University of Munich (TUM) and the Massachusetts Institute of