Bitcoin Magazine Environment

We Need To Talk About The Climate Problem In Bitcoin Mining

Recently there has been a deluge of headlines about the environmental impact of mining bitcoin. Nearly every article, tweet, video, etc, cites Digiconomist and/or Cambridge as their primary evidence and says some version(s) of the following statements; “Bitcoin consumes more electricity than Argentina/Kazakhstan.” “Bitcoin’s electricity consumption as a country ranks in the top 30 globally.”

CoinTelegraph Environment

Winklevoss’ Gemini buys carbon credits to cut Bitcoin’s CO2 footprint

Gemini, a major cryptocurrency exchange founded by Cameron and Tyler Winklevoss, is responding to Bitcoin’s (BTC) environmental issue by purchasing carbon credits.  On Thursday, the company announced its long-term initiative to incorporate climate-conscious measures into its business, launching a collaboration with Climate Vault, a non-profit founded at the University of Chicago. Through the initiative, Gemini plans

Bitcoin CoinTelegraph Environment

Can blockchain ever be part of the solution for tackling climate change?

Elon Musk captured the world’s attention when he declared that Tesla would no longer accept Bitcoin as a payment method, citing the blockchain’s environmental impact. Although this thrust the debate about cryptocurrencies and the climate into the spotlight, this has been an issue that has been rumbling on for many years. Bitcoin’s proof-of-work consensus mechanism