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A transition to the proof-of-stake protocol, which has better energy efficiency, has been described as a sustainable alternative to bitcoin's scheme and as a potential solution to its environmental issues. [5] Bitcoin advocates oppose such a change, arguing that proof of work is needed to secure the network. [7]
Bitcoin's environmental impact is in the spotlight after Tesla abandoned plans to accept it as payment due to environmental concerns. Bitcoin's environmental impact is in the spotlight after Tesla ...
Story at a glance Online crypto currencies can use an enormous amount of energy. To better estimate the environmental impacts of Bitcoin mining, researchers assessed its ‘social cost of carbon ...
Tom Steyer, a hedge fund billionaire and environmental advocate, described bitcoin as a "huge user of electricity," noting that the crytpcorrency will remain an environmental threat as long as the ...
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The article starts with "One environmental impact of bitcoin is that it worsens climate change" but then goes on to discuss e-waste. I dont think e-waste is directly tied to climate change. Maybe the first sentence should be amended to make the article more of a catch all for various environmental issues relating to bitcoin?
The billionaire was responding to Ark Invest's director of research, Brett Winton, about how bitcoin mining can foster the adoption of renewables.
Elon Musk made big waves in the cryptocurrency market earlier this year when he announced that Tesla had purchased $1.5 billion of Bitcoin, even accepting it as payment for the company's famously...