It is well known that replacing the energy intensive mining mechanism in cryptocurrencies can make them significantly more sustainable, but it has also been argued this can make them less decentralized/secure. Digiconomist now features a new deep dive to examine this argument:…

It is well known that replacing the energy intensive mining mechanism in cryptocurrencies can make them significantly more sustainable, but it has also been argued this can make them less decentralized/secure. Digiconomist now features a new deep dive to examine this argument:…

Bitcoin has failed to become a global decentralised digital currency, instead falling victim to fraud and manipulation.

The recent approval of an ETF doesn’t change the fact that Bitcoin is costly, slow and inconvenient, argues #TheECBBlog

ecb.europa.eu/press/blog/dat…

Given that the Bitcoin mining industry loves to self-report data, it should be no problem to forward this to the EIA in a week? 🙄

Given that the Bitcoin mining industry loves to self-report data, it should be no problem to forward this to the EIA in a week? 🙄

Bitcoin’s power demand is reaching new all-time highs again while the BTC mining industry is increasingly scrutinized

Bitcoin’s power demand is reaching new all-time highs again while the BTC mining industry is increasingly scrutinized

Thought the community loved to be transparent on this matter 🧐

Electricity usage from Bitcoin mining operations in the US represents 0.6% to 2.3% of all the country’s demand in 2023, according to a new analysis by the US Energy Information Administration trib.al/r9RNfNQ

I always recommend people whom don’t like my model for some reason to follow the Cambridge method instead 👍

I always recommend people whom don’t like my model for some reason to follow the Cambridge method instead 👍

Full house at Hood County TX town hall regarding MARA bitcoin 'mine'
Complaints we heard from locals living here:
Vertigo, nose bleeds, migraines, ringing ears, child behavioral issues, animals needing anxiety meds, wildlife gone, can be heard up to 10MILES
Erin Brockovich

Bitcoin mining

❌ is great for the environment

✅ enables expanding gas production (both developing new wells faster and allowing for production in previously stranded areas)

✅ helps improving production on existing gas wells

Source: Crusoe

Bitcoin mining

❌ is great for the environment

✅ enables expanding gas production (both developing new wells faster and allowing for production in previously stranded areas)

✅ helps improving production on existing gas wells

Source: Crusoe

Did you know that just weeks after Bitcoin launched, 15 years ago today, halfin (speculated to be Satoshi Nakamoto) already expressed concerns around the wasteful nature of Bitcoin’s proof-of-useless-work mechanism?

Nowadays BTC is responsible for enough CO2 emissions to negate…

Did you know that just weeks after Bitcoin launched, 15 years ago today, halfin (speculated to be Satoshi Nakamoto) already expressed concerns around the wasteful nature of Bitcoin’s proof-of-useless-work mechanism?

Nowadays BTC is responsible for enough CO2 emissions to negate…

Every #Bitcoin transaction uses about the same amount of #water as a backyard swimming pool according to a study in Cell Reports Sustainability. Digiconomist talks to Gareth_Mitchell. Peter Guest is this week’s studio expert.
You can listen here to all the episodes:
somewhereonearth.co

“Arch-nemesis of Crypto now targets AI”

nrc.nl/nieuws/2024/01…

“Arch-nemesis of Crypto now targets AI”

nrc.nl/nieuws/2024/01…