Mining, Renewable energy, Wind power, Energy, Fossil fuel, Hydroelectricity

Analyst Claims 98% of Mining Rigs Fail to Verify Transactions

On Mar 1, 2020
@Cointelegraph shared
The analyst claims that 98% of mining rigs fail to verify a single transaction before being rendered obsolete https://t.co/0oELv3Od9T
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Crypto analyst Alex de Vries has claimed that carbon footprint of Bitcoin mining is on par with New Zealand, with the network’s power consumption equaling that of Chile.

cointelegraph.com
On Mar 1, 2020
@Cointelegraph shared
The analyst claims that 98% of mining rigs fail to verify a single transaction before being rendered obsolete https://t.co/0oELv3Od9T
Open

Analyst Claims 98% of Mining Rigs Fail to Verify Transactions

Crypto analyst Alex de Vries has claimed that carbon footprint of Bitcoin mining is on par with New Zealand, with the network’s power consumption equaling that of Chile.

New Academic Paper: Renewable Energy Will Not Solve Bitcoin’s Sustainability Problem

Challenges in uniting renewable energy with Bitcoin’s energy need, along with e-waste generation, suggest that a PoW change is required for Bitcoin.

Bitcoin’s energy usage: acceptable or otherwise?

The Economist claims that Bitcoin is unlikely to progress, expressing a number of concerns including energy usage. Does Bitcoin’s energy consumption really make it into a white elephant?

Report: Bitcoin Mining Doesn’t Fuel Climate Change, It Benefits the Global Economy

Bitcoin mining is not only using renewable energy; it also has capacity to bring economic benefit, a new study by Coinshares has revealed.

Regulatory Overview of Crypto Mining in Different Countries

Regulatory pressures continue to have an effect on the most popular countries to mine cryptocurrencies.

Bitcoin Mining Exec Reveals the Key to Sustaining Crypto’s Future

It’s no secret that mining bitcoin consumes an extraordinary amount of energy—in fact, more than the entire country of New Zealand.Such a level of energy consumption is not only a problem ...

Mining Whitepaper Final

Bitcoin Hashrate (EH/s) Sources: Bitcoin Wiki, CoinShares Research Sources: Bitcoin Wiki, CoinShares Research Sources: blockchain.info, CoinShares Research 4Table 1: Market-Wide Creation ...

Can Crypto Help Solve, Rather Than Accelerate, The Challenge Of Climate Change?

As Bitcoin's carbon emissions continue to accelerate it’s critical we innovate and find solutions to ensure blockchain and crypto are contributing to the decarbonization of our economy, not ...

Canadian city will kill power to $100M Bitcoin farm to keep citizens cool

Canada's largest Bitcoin mining operation, Hut 8, has been told that its facility is to be one of the first to have its power during intense heat waves.

Report Shows Bitcoin is Grossly Energy Consumptive. But is Proof-of-Stake Relevant for Bitcoin?

Alex de Vries, Digiconomist.net founder and a blockchain specialist at PwC's Experience Centre since 2015, has produced an important report on the Bitcoin network's extreme energy ...

Op Ed: Is Green Crypto (Necessarily) an Oxymoron?

The idea of “green crypto” is not a misnomer. There are initiatives out there that encourage more responsible cryptocurrency mining.

Bitcoin Mining Alone Could Raise Global Temperatures Above Critical Limit By 2033

A recent UN climate report said that if global temperatures rose above 1.5 C it could lead to catastrophic climate change. Bitcoin alone could raise global temperatures by 2 C within two ...

Norweigan fjords and glacier meltwater could hold the key to bitcoin mining

It costs more than £2,000 to mine a single bitcoin, which means cheap energy is vital. Anthony Cuthbertson visits an underground operation in Norway that offers a viable – and green – ...

Beyond China and North America: The Decentralization of Bitcoin Mining

Most of what you’ll read about bitcoin mining will be about mining operations in China and North America, but there is a small, growing sector of active mining operations in parts of the ...

Cryptocurrency mining could become the new face of energy storage. Here’s how

The process of mining cryptocurrencies currently relies on energy from polluting sources. Using excess power from renewable sources instead could convert waste to value and reduce financial ...

Bitcoin Miners Explore Renewable Energy and Power Recycling

With Bitcoin mining getting less profitable thanks to the bear market, miners are getting increasingly creative with methods to save energy.

Study: 74 Percent of Bitcoin Mining Powered With Renewable Energy

According to the third installment of CoinShares’ biannual mining report, 74 percent of power on the bitcoin mining network comes from renewable energy sources. For instance, during the wet ...