Transaction to Create a Nasdaq-listed 100% Renewable Energy, ESG-committed Crypto Miner
Toronto, Ontario (Newsfile Corp. - June 3, 2021) - Sphere 3D Corp. (NASDAQ: ANY) (the "Company" or "Sphere 3D")
Bitcoiners Waving Eco-Friendly Bona Fides Bet on Green Premium yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
Authors Rob Chang and Brittany Kaiser
Recently, Elon Musk announced that Tesla’s purchases and transactions with Bitcoin would be paused until the network “transitions to more sustainable energy.” Though Musk is one of the blockchain industry’s biggest advocates, his criticisms of the Bitcoin network’s energy usage are joining a growing choir of voices pressuring industry leaders to take action.
Accompanying every large crypto boom, and the renewed financial industry and public attention it inspires, comes the hand-wringing about what this future of finance is ultimately reaping and wreaking. The litany of naysayers reflexively return to their list of talking points against blockchain technology: it is mostly used by criminals (false), it is too volatile to be trusted (also false, especially when comparing it to other more finicky and “trusted” legacy assets that can crash or boom at a moment’s notice), and most of all, bitcoin energy consumption is what will drive