PROFESSOR COIN: BITCOIN, ENERGY AND THE FUTURE OF SUSTAINABLE CRYPTO
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✍️ The article discusses the energy usage of Bitcoin mining and its environmental impact, highlighting the significant carbon footprint and exploring the potential for sustainable cryptos.
👉 Bitcoin mining consumes electricity on a scale comparable to mid-sized countries 👉 The environmental impact of Bitcoin mining includes carbon emissions, water usage, and e-waste 👉 Ethereum's switch to proof-of-stake (PoS) reduced its energy consumption by ~99.9% 👉 Not all mining is equal, with some using renewable energy sources and others using coal-based rigs 👉 Policy pressure is rising, with governments asking not just 'how much power?' but 'what kind of power, where, and with what externalities?'
-- #AndrewUrquhart #Stoll #Klaaßen #Gallersdörfer #Hossain #Steigner #deVries #Birmingham #Texas #Iceland #Canada #Kazakhstan #Quebec #technology
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