Is the future of cryptocurrency in harmony with our environmental interests? Chinese grid blackout and recent studies have prompted debate on the consumption of coal-based energy for the process


Source: techstory.in techstory.in

Key Topics in this News Article:

News Snapshot:

Flipboard The Chinese grid blackout earlier this month has brought to attention the issue of dependency on coal-based electricity for Bitcoin mining in the Chinese provinces of Xinjiang and Sichuan. As the world celebrates Earth day this month and addresses environmental concerns raised due to this incident and the question of environmental harms caused by bitcoin mining is one of the most controversial issues where every person has an entirely different outlook on the causes and solutions of the problem. Recently, a study was published in Nature journal the contents of which were attested by eminent academics from the likes...