New research reveals that each transaction involving Bitcoin results in the wastage of water equivalent to filling up an entire swimming pool, highlighting the significant environmental consequences associated with cryptocurrencies.Continue Reading
Bitcoin has faced widespread criticism for the massive amounts of energy consumed by the millions of nodes and mining rigs out there generating proof-of-work computations — so a number ofContinue Reading
Bitcoin mining is an energy-intensive process that involves using powerful computers round the clock to solve complex mathematical problems. It is a decentralised digital currency that has no physical existence.Continue Reading
Until November 2018, the annual electricity consumption by Bitcoin was estimated to be about 46 Terawatt-hour (TWh), revealed the study by the Technical University of Munich (TUM) and the Massachusetts Institute ofContinue Reading
Bitcoin mines are popping up across the country, but their arrival isn’t always a cause for celebration. Residents living near these facilities are increasingly reporting a troubling side effect: constantContinue Reading
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Riot Platforms, the crypto mining company, recently scored a cool $31.7 million in energy credits from ERCOT, the Texas power grid operator. How did they do it? By simply reducingContinue Reading
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