The New York Times recently exposed substantial environmental and economic impact of Bitcoin mining in United States, reporting that 85% of miners' en...
A moratorium on some crypto mining operations relying on carbon-based energy has been signed into law in New York. Businesses engaged in proof-of-work...
According to a recent analysis by the Cambridge Center for Alternative Finance (CCAF), fossil fuels were used to produce about 62% of all the energy u...
The research found that coal remains the highest single power source for Bitcoin miners.
The bank has published a new paper on crypto’s energy consumption, this time likening PoW to fossil fuel cars and PoS to electric vehicles.