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energy footprint
Tezos Co-Founder: Elon Musk Is Having Fun Trolling Crypto Twitter
Elon Musk, once a beloved figure in the crypto community, has become more of a villain than a hero. His recent tweets about bitcoin’s energy usage and a new one insinuating a breakup with bitcoin have been blamed for the stagnating market.
Kevin O'Leary Doubles Down on 'Clean' Bitcoin and Mining Institutionalization
The ongoing debate around bitcoin's sustainability continues. "Shark Tank's" Kevin O'Leary emphasized the need for "green" bitcoin and the institutionalization of mining during the opening day of Consensus 2021. It was followed almost immediately by a Twitter announcement from Elon Musk that he has met with North American bitcoin miners over sustainability concerns. "The Hash" panel unpacks all the comments.
Going Green? More Crypto Companies Move to Offset Carbon Emissions
Crypto exchanges BitMEX and FTX are the latest companies taking a closer look at their environmental footprint. “The Hash” panel considers the importance of prominent crypto players committing to becoming more carbon neutral in the midst of ongoing climate controversies swirling around crypto.
Ballet CEO Bobby Lee Talks Bitcoin's Environmental Challenge, Elon Musk's Influence and Lee's New Book
Crypto pioneer Ballet CEO Bobby C. Lee weighs in on bitcoin’s environmental debate, market volatility, and the risk profiles of financial firms that provide crypto services.
Chia's Rising Popularity Fuel Price Hikes of Hard Drives in Asia
Chia, a cryptocurrency that is "farmed" based on proof of storage, is booming in Asia and fueling the cost of hard drives as the supply dwindles. Could chia be better for the planet? "The Hash" panel discusses chia's impact on crypto mining and energy conservation.
Chart of the Day: Bitcoin Mining Consumes Almost The Same Amount of Electricity as Malaysia or Egypt
“All About Bitcoin” host Christine Lee breaks down the chart tweeted by Elon Musk Thursday, with bitcoin’s annualized estimate electricity consumption being approximately 150 TWh, or about the same size consumed by Malaysia or Egypt.
Elon Musk, Bitcoin and the Ongoing Energy Debate
Responding to Elon Musk calling the bitcoin energy usage trend “insane,” CleanSpark CEO Zach Bradford sheds light on the ongoing debate about cryptocurrency and energy consumption.
Elon Musk Says Tesla Suspending Bitcoin Payments, Citing Environmental Concerns
In a reversal, Tesla CEO Elon Musk says the electric car manufacturer would no longer be accepting bitcoin payments due to environmental concerns. The price of bitcoin and other cryptocurrencies dropped in response. “The Hash” panel debates the timing and what’s really behind Tesla’s U-turn.
Does Bitcoin Have an Energy Problem?
Many bitcoin mining operations are using renewable energy to power their computers, especially hydroelectric power. CoinDesk’s Managing Director of Research Noelle Acheson joins “All About Bitcoin” to break down the environmental impact of mining and how it can be improved by making renewable energy more cost effective.
Which Energy Sources are Bitcoin Miners Using?
Bitcoin mining has been attacked for being environmentally taxing, but many mining operations are actually powered with renewable energy. Christine Lee breaks down the power sources used by miners worldwide in today's Chart of the Day.