Ethereum’s energy consumption from the blockchain s inception in 2015 until it moved to a proof-of-stake (PoS) consensus mechanism late last year is about…
If Bitcoin’s energy consumption can be thought of as a skyscraper, Ethereum’s energy use post-Merge, would be the size of a raspberry, according to University of Cambridge research.
As bitcoin's fortunes and prominence rise, so do concerns about its environmental impact. The process of mining the cryptocurrency is enormously energy intensive, so much so that it consumes more electricity in a year than Argentina or the Ukraine, according to the latest data from the Cambridge Bitcoin Electricity Consumption Index.
Are bitcoinâs ESG credentials impacting its popularity? By Jamie Gordon, 5 May 2021
How bitcoin stacks up from an ESG perspective is becoming an increasing concern for investors after a coal mine shutdown in Xinjiang shone a light on the cryptocurrencyâs operations.
News of the coalmineâs two-day shutdown sent the price of bitcoin tumbling 23% as the digital assetâs global computing power was cut by a third.
Analysis by CoinShares noted flows into digital assets in the week ending 23 April slowed to their lowest level since October 2020 as bitcoin mining issues in Xinjiang saw assets under management (AUM) drop $10bn, down to $54bn.Â
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