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Bitcoin Miners Consume Fossil Fuels Equivalent to 3.5 Million Cars: NY Times

Bitcoin Miners Consume Fossil Fuels Equivalent to 3.5 Million Cars: NY Times

The New York Times recently exposed substantial environmental and economic impact of Bitcoin mining in United States, reporting that 85% of miners' en...

New York Governor Signs Law Partially Banning Bitcoin Mining on Fossil Fuels

New York Governor Signs Law Partially Banning Bitcoin Mining on Fossil Fuels

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...

Research: 62% of the total energy consumed in Bitcoin mining still comes from fossil fuels

Research: 62% of the total energy consumed in Bitcoin mining still comes from fossil fuels

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...

Bitcoin Miners Still Use 62% Fossil Fuels: Research

Bitcoin Miners Still Use 62% Fossil Fuels: Research

The research found that coal remains the highest single power source for Bitcoin miners.

PoW and PoS Are Crypto Versions of Fossil Fuel Cars and Electric Vehicles: ECB Report

PoW and PoS Are Crypto Versions of Fossil Fuel Cars and Electric Vehicles: ECB Report

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.

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