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Energy
How Much Electricity Does Bitcoin Mining Actually Use?
Christine Lee presents data illustrating the environmental impact of the Bitcoin network, looking specifically at global energy consumption and regional carbon emissions. As regulators often target cryptocurrency ESG concerns, Lee highlights areas of the world where bitcoin mining uses emission-free electricity.
The Debate on Whether or Not China’s Crypto Mining Ban Is Worsening Bitcoin’s Environmental Impact
A new study published in Joule claims that bitcoin’s environmental impact has worsened since China’s 2021 ban on cryptocurrency mining because miners moved their operations to countries with less renewable energy. “The Hash” dissects this report, comparing its findings with statistics from the Bitcoin Mining Council while also considering the human rights value of uncensorable money as seen in the Russia-Ukraine crisis.
Impact of China’s Crypto Crackdown on Global Mining Industry
Peter Wall, CEO of Argo Blockchain, and Tanya Woods, General Counsel Regulatory Affairs EVP at Hut 8, discuss their views on how China’s crypto bans could have affected mining operations in the U.S. and worldwide. Plus, their thoughts on the common argument that the bitcoin mining industry is damaging to the environment.
Crypto Community Continues Reacting to China’s Sweeping Crypto Ban
With continuing fallout from China, CoinDesk’s Christie Harkin reviews the week’s events out of China that potentially impacted the price of bitcoin and the wider crypto market.
El Salvador Mines First Bitcoin With Volcanic Energy
“The Hash” team reacts to El Salvador President Nayib Bukele, revealing the country has officially mined the first bitcoin using volcanic energy. With almost 22% of the country’s energy supply coming from geothermal sources, could El Salvador provide an answer to the hunt for a reliable, clean energy source to power bitcoin mining?
Why Tech Giants Are Racing to Buy Up Renewable Energy
Amazon and other tech giants are accelerating the race to buy up renewable energy, according to a Wall Street Journal report. "The Hash" hosts discuss the race to reduce emissions and why it matters for the crypto world.
Could the Heat and Feared Blackouts in Parts of the U.S. Affect Bitcoin Mining Operations?
Texas and other U.S. states across the West are facing energy grid shortfalls this summer as severe drought reduces the amount of water available for hydroelectric power generation, says the Wall Street Journal. CoinDesk's Christie Harkin and Brad Keoun discuss the possible impact of power shortages for miners in the area and the wider crypto mining community.
Marty Bent Asks ‘Why Does Bitcoin Get Picked On?’
During a panel at Consensus 2021, co-founder of Great American Mining and host of “Tales from the Crypt” podcast Marty Bent discusses the misinformed reputation bitcoin miners have with regard to energy consumption.