Tag: energy

Understanding Bitcoin’s Energy Consumption – Bitcoin Magazine: Bitcoin News, Articles, Charts, and Guides

[ad_1] Watch This Episode On YouTube Listen To This Episode: On this episode of “Bitcoin Bottom Line,” host C.J. Wilson was joined by veteran and contributor to Bitcoin Magazine Mike Hobart. Wilson and Hobart share similar backgrounds in exercise, physiology and kinesiology. Hobart’s journey started in 2013 when he joined the military. He gave credit to the book, “Man’s Search For Meaning” by Viktor Frankl for opening himself up to finding purpose after being in a dark place. He studied exercise science while in school allowing him to now write articles…

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Bitcoin Energy Per Transaction Metric Is Misleading

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[ad_1] Environmentalists say Bitcoin uses too much energy. The world can’t afford it. It’s not worth it. That’s what they say. So, it must be true. Or must it? If you’re reading this, you’re probably aware of the popular anti-Bitcoin “energy per transaction” narrative. You’ve seen it in many major media publications. It goes something like this: “According to Digiconomist, a single bitcoin transaction uses the same amount of power that the average American household consumes in a month — which equals roughly a million times more in carbon emissions…

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Kosovo Halts Cryptocurrency Mining Amid Energy Crisis – Mining Bitcoin News

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[ad_1] The government of Kosovo has decided to suspend crypto mining activities in the country as part of measures to deal with power shortages this winter. The move has been proposed by a special parliamentary committee tasked with bridging the gap between electricity demand and supply. Kosovo Authorities Ban Crypto Mining to Save Needed Energy The executive power in Pristina has moved to stop the energy-intensive minting of digital coins in Kosovo, a partially recognized republic in Southeast Europe. The country is facing electricity shortages during the cold winter months,…

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Solar Energy Bitcoin Government And Inflation

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[ad_1] The mainstream narrative for Bitcoin in 2021 has centered a lot around the “E,” or “environmental” aspect of ESG (environmental, social and corporate governance) and Bitcoin. One point that has not been mentioned is that running your own home on renewable energy can protect and insulate you from the bad “G” of the government’s reckless monetary and energy policies. Self-sovereignty is one reason why some survivalists (aka preppers) see renewable energy as part of their standard toolkit. Generating one’s own energy protects from various potential types of disruptions to…

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Is ESG, Bitcoin Energy Criticism, Fascist?

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[ad_1] The below is a direct excerpt of Marty’s Bent Issue #1077: “More Unsolicited Thoughts On ESG.” Sign up for the newsletter here. via Aswath Damodaran’s Musings on Markets I know, I know, I know. Some of you may think Crazy Uncle Marty’s anti-ESG schtick is getting a bit nauseating. However, as you should have realized by now, I cannot control myself. When I think there is a good point to be made about the subject, I will make it. And that is what I am here to do today.…

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Veriblock Reveals Initiative to Recycle Bitcoin’s Energy Consumption by Securing Dogecoin – Technology Bitcoin News

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[ad_1] On Wednesday, the Veriblock project, a blockchain that leverages the implementation of proof-of-proof (PoP) consensus, announced an initiative to secure the Dogecoin blockchain using Bitcoin. The Veriblock Foundation believes the effort counters the hostile ‘Blood Bitcoin’ narrative in regard to recent environmental concerns over proof-of-work (PoW). Veriblock to Secure Dogecoin via PoP and Bitcoin’s PoW The Veriblock Foundation, a nonprofit created to bolster the adoption of Veriblock’s PoP securitizing consensus algorithm, has revealed a new initiative dedicated to securing the Dogecoin network. Presently, Veriblock developers are in the midst…

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While Bitcoin Energy Concerns Grow, Nobody Discusses the Carbon and Military Violence Backing US Dollars – Op-Ed Bitcoin News

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[ad_1] This week a great number of bitcoin supporters and skeptics have been arguing over whether or not bitcoin mining is harmful to the global environment. However, crypto supporters have been saying that concerns over the Bitcoin network’s energy supply are absurd, in contrast to the carbon used and the military violence that backs a number of fiat currencies including the U.S. dollar. One could even go as far as to say that the American dollar alone has left boot prints on large groups of humans over the years and…

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Blockchain-based renewable energy marketplaces gain traction in 2021

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[ad_1] Concerns about energy production, resource consumption and its impact on the environment are one of the dominant topics of debate on the global stage. The intensive energy costs of mining Bitcoin and other proof-of-work cryptocurrencies are also frequently pointed to as a serious downside to the emerging asset class.  While environmental concerns and the cost to reward debate rages on, there is one group of cryptocurrency projects that has the goal of bringing blockchain technology to the global energy grids as a way to encourage renewable energy generation through…

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