Category: anthropogenic climate change

The Crypto Climate Accord and a carbon free future for cryptocurrency

We need to talk about cryptocurrency’s carbon problem. Right now the Bitcoin network alone gobbles up more power than the entire nation of Sweden. That’s a big network. It spits a new block reward of 6.25 bitcoin every ten minutes, each worth approximately $61,568.60 at the time of writing, and Bitcoin is presently down a… Read More »The Crypto Climate Accord and a carbon free future for cryptocurrency

The post The Crypto Climate Accord and a carbon free future for cryptocurrency appeared first on Equity.Guru.

The Crypto Climate Accord and a carbon free future for cryptocurrency

We need to talk about cryptocurrency’s carbon problem. Right now the Bitcoin network alone gobbles up more power than the entire nation of Sweden. That’s a big network. It spits a new block reward of 6.25 bitcoin every ten minutes, each worth approximately $61,568.60 at the time of writing, and Bitcoin is presently down a… Read More »The Crypto Climate Accord and a carbon free future for cryptocurrency

The post The Crypto Climate Accord and a carbon free future for cryptocurrency appeared first on Equity.Guru.

Hut 8 Mining’s (HUT.T) sustainable energy partnership with Validus Power saves money, doesn’t damage environment

Hut 8 Mining (HUT.T) signed a power purchase agreement with Validus Power to help their operations in Alberta, according to a press release. The agreement secures up to 100 megawatts of power from the project on a physical off-take basis at competitive prices. The agreement includes options to expand the company’s mining operations to scale… Read More »Hut 8 Mining’s (HUT.T) sustainable energy partnership with Validus Power saves money, doesn’t damage environment

Riot Blockchain’s (RIOT.Q) bid to keep up in the Bitcoin arms race has unintended consequences

The high price of Bitcoin has started an arms race between bitcoin miners to see which company can scale the largest, while maintaining the lowest overhead. But the unforeseen consequences of that are its contribution to the ongoing environmental calamity brought on by burning fossil fuels to close blocks.   The results are mergers and… Read More »Riot Blockchain’s (RIOT.Q) bid to keep up in the Bitcoin arms race has unintended consequences