Tag: environment

Oct 21 2021

How Bitcoin Mining Is Solving Our E-Waste Crisis

With 40 million tons of e-waste generated each year, the unique incentives created by bitcoin miners offer a solution to a growing problem.We’re all familiar with the “energy waste” and “carbon emissions” narratives around Bitcoin mining. “It wastes energy!” “It’s a carbon emitter!” Obviously, Bitcoin is a unique and terrible attack on the environment at a scale previously unheard of in human...

Aug 24 2021

Bitcoin Is The Sustainable Money Europe Deserves

Only bitcoin offers a truly sustainable path forward for the continent which prizes this attribute.Recently we have been tragically exposed to a thought process of one Eero Heinäluoma, a Socialist member of the European Parliament. While it doesn’t seem like there’s actually any proposal to ban bitcoin mining at this moment, it’s safe to assume that such a proposal is just a...

Jul 19 2021

Bitcoin, Carbon Credits And Regenerative Farming

How can Bitcoiners accelerate a transition into regenerative farming and cattle management?An article discussing a speculative attack on the carbon credit system to sustainably rebuild the U.S. food supply chain and redenominate fiat into bitcoin, cattle and topsoil.There is a lot of interest and discussion among the Bitcoin community surrounding our food supply chain, its fragility and solutions...

Jul 09 2021

Why Do Media Companies Attack The Bitcoin Industry?

A recent article on the environmental impact of Greenidge’s Seneca Lake mining operation is one of many misleading publications on bitcoin.It is with no hyperbole that I say the media industry has it out for Bitcoin. Whether it be for the massive engagement to be extracted from the buzzing digital asset keyword or a legitimate opinion on bitcoin mining, it appears that media...

The Tall Tale Of Boiling Seneca Lake

The overdramatization of environmental concerns related to bitcoin mining obfuscate any legitimate conversation on the topic.Recently, an overdramatized story by Gretchen Morgenson of NBC News, about the Greenidge power plant and cryptocurrency mining hybrid on Seneca Lake,...

Jul 07 2021

We Need To Talk About The Climate Problem In Bitcoin Mining

The often cited “issue” in Bitcoin is misunderstood and misrepresented.Recently there has been a deluge of headlines about the environmental impact of mining bitcoin. Nearly every article, tweet, video, etc, cites Digiconomist and/or Cambridge as their primary evidence and says some version(s) of the following...

May 25 2021

Elon Musk And The Dutch Central Bank's Misinformation Campaign

The two environmental FUDsters could potentially mislead bitcoin investors as they utilize incorrect analysis.More than a decade after Satoshi Nakamoto combined proof of work and bitcoin mining together, fallacious comparisons of “energy cost per transaction” continue to be spread by seemingly intelligent and well-researched individuals.We can trace much of the spread of this narrative back to Alex de...

May 16 2021

Major Oil Spills Won’t Happen Under A Bitcoin Standard

May 16 2021 Published at Bitcoin Magazine under tags  culture environment oil sound money

Environmental disasters are the result of cut corners, and cut corners are the result of inflation.There has been, on a consistent basis, environmental fear, uncertainty and doubt (FUD) in regards to the electricity consumption of bitcoin mining, since Bitcoin began. I pose that not only does Bitcoin not harm the environment, it...

May 13 2021

Elon’s FUD Is A Problem For Tesla, Not Bitcoin

May 13 2021 Published at Bitcoin Magazine under tags  culture elon musk environment tesla

While the Tesla founder has proven inspirational in the past, with Bitcoin, he has fallen prey to his own eccentricities.Tesla's FUD bitcoin announcement doesn't mean bitcoin is overvalued; it does mean Tesla is overvalued. Tesla cars are expensive luxury items and their purchase is justified by Tesla being an aspirational brand. That brand is extremely dependent on the mystique of Elon Musk;...

May 04 2021

A Comparison Of Bitcoin’s Environmental Impact With That Of Gold And Banking

May 04 2021 Published at Bitcoin Magazine under tags  banking culture environment gold

The impacts of gold and banking on the environment relative to Bitcoin are much greater than mainstream narratives suggest.The following is a republishing of Hass McCook’s “Comparing Bitcoin’s Environmental Impact…,” which was first published here.NOTE: The methodology and...

Apr 22 2021

Apr 15 2021

Bitcoin Power: The Energy Of A Money

Energy production and its surrounding industry will experience a major shift in operations as Bitcoin becomes a driving force of profit.The energy sector is seeing a complete paradigm shift:Bitcoin’s monetary network effectMonetization of energyLeads to an arms race of energy tech becoming more and more efficient and productiveCheap energy production...

Mar 12 2021

Why This Environmentalist Doesn’t Blame Creators for the Carbon Footprint of NFTs

Brendan McGill, co-founder of Offsetra and Carbon.fyi, a company focused on reducing carbon emissions, talks about the environmental impact of NFTs. In this episode, Brendan discusses: his career as an environmentalist and...

Feb 09 2021

Microsoft Makes Historic Soil Carbon Credit Purchase From Regen Network

World-renowned tech giant Microsoft has shown in recent times notable interest in natural ecosystem health as well as other aspects of environmental sustainability. With this in mind, Microsoft has purchased a significant amount of soil carbon credits from startup firm Regen Network. This sale stands as one of the biggest carbon credit sales in Australia. The carbon credit, according to a press release...

Jan 19 2021

Blockchain Bites: ‘Crowded’ Crypto Traders, Ether All-Time High, the Bitcoin Battery Proposal

Bitcoin's environmental impact has become top focus for some critics as traders go "long BTC" and Dunamu reveals a “fear and greed” index.

Dec 22 2020

Ford Finds Using Blockchain With Hybrid Vehicles Can Help Cut Air Pollution in Cities

The automaker's study used blockchain to record hybrid vehicles as they automatically shifted to low-emissions mode in restricted city zones.

Dec 18 2020

Beyond ASICs: 3 Trends Driving Bitcoin Mining Innovation

Dec 18 2020 Published at CoinDesk under tags  asics bitcoin mining environment markets opinion

The bitcoin mining industry needs more than a market rally to survive – it needs to find answers to its environmental and geographical threats.

Dec 16 2020

French Fashion Brand Adds Blockchain Tracking to Clothes Made From Ocean Plastic

True Tribe is using the Ethereum-based SUKU protocol to track the provenance of clothing made from recycled ocean trash.

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