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The COVID-19 epidemic has had a tremendous influence on the world's Alternative Finance market, and many businesses have seen their demand fall as a r ....

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Renewable crypto mining: British farmers transform manure to create digital coins

Dozens of farmers generate new cryptocurrencies from green energy sources ....

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Environmental News For The Week Ending 06 March 2019

Environmental News For The Week Ending 06 March 2019
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Electricity needed to mine bitcoin is more than used by 'entire countries'

Last modified on Sat 27 Feb 2021 03.03 EST
It’s not just the value of bitcoin that has soared in the last year – so has the huge amount of energy it consumes.
The cryptocurrency’s value has dipped recently after passing a high of $50,000 but the energy used to create it has continued to soar during its epic rise, climbing to the equivalent to the annual carbon footprint of Argentina, according to Cambridge Bitcoin Electricity Consumption Index, a tool from researchers at Cambridge University that measures the currency’s energy use.
Recent interest from major Wall Street institutions like JPMorgan and Goldman Sachs probably culminated in the currency’s rise in value and an endorsement by Tesla’s Elon Musk helped drive its recent high as investors bet the cryptocurrency will become more widely embraced in the near future. ....

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