Bitcoin, the first and most well-known of cryptocurrencies, has changed world finance forever, but its concerns about environmental impact are quickly gaining attention. LeeChiaJian, a keen observer of the crypto world, explores the hidden environmental consequences of Bitcoin mining, offering a balanced perspective and actionable insights.The Alarming Energy Consumption of...
Picture yourself living beside a huge, loud, hurtful generator. Day in, day out, the clamor doesn’t let up, shaking your windows and robbing you of tranquility. Now, imagine that same generator powering a Bitcoin mine rather than a hospital or school. It uses enough electricity to power your entire city,...
Look, let’s not kid ourselves, the last few years, the story on block reward mining has been… crazy. With halving events squeezing margins, environmental concerns swirling and the never-ending pressure to stay ahead of what’s next in a hyper-competitive landscape. Well, I’m here to tell you that this is not...
Bitcoin mining provides security by validating transactions and adding new blocks to the Bitcoin blockchain. The transition requires vastly more electricity to operate the charging stations and manufacture the cars. The Cambridge Bitcoin Electricity Consumption Index estimates that Bitcoin mining consumes approximately 184.4 terawatt-hours of electricity annually, surpassing the energy...
Norway, known for both its stunning natural beauty and forward-looking energy policies, is leading the charge. If it passes, as expected, it will make the country the first in Europe to impose targeted restrictions on crypto mining via data center regulation. This fall, the UK government intends to introduce a...
Norway's decision to temporarily ban new crypto mining facilities isn't just about saving electricity. It's a flashing neon sign screaming risk to crypto investors everywhere. While the headlines tout environmental benefits and grid stability, the real story is the potential financial fallout for those who've bought into the crypto mining...
Now picture a world in which cryptocurrency, rather than a black hole of investment, serves as the driving force behind the expansion of renewable energy. Sounds like a pipe dream, right? Maybe not. The recent crypto truck heist on the streets of Russia has renewed interest. This recent event in...
AgriFORCE’s Bitcoin mining operation in Alberta turns waste gas into digital gold. Is this bold transportation funding swap really that smart, or is it putting short-term profit ahead of long-term planetary health and harming local communities?Stranded Gas Savior Or Smokescreen?Now, it seems that Canadian agricultural company AgriFORCE is taking the...
Is France about to pull off the impossible: turn a global environmental villain into a local sustainability hero? Amendment No. 547 seeks to include the activity of Bitcoin mining into national energy strategy of France. It’ll be a stroke of genius, or a calamity in the making. And honestly, it...
Meanwhile in France, legislators are looking to Bitcoin mining as a solution to the country’s longstanding issue of producing too much electricity. The country, which relies on nuclear plants for over 70% of its electricity, faces a unique challenge: it often produces more power than it can sell, leading to...
