• A WEF initiative may soon let you see what companies are lying about their environmental record via the blockchain (via Pixabay).
    Technology

    WEF project will use blockchain to expose corporate ‘greenwashing’

    The World Economic Forum’s Global Ledger project seeks to bring sunshine to businesses’ environmental promises

    A new initiative announced Tuesday by the World Economic Forum seeks to use blockchain technology to prevent “greenwashing” by companies that make public promises to improve their environmental credentials.

  • The world we were guaranteed because of Bitcoin (via Pixabay).
    Bitcoin,  Opinion

    Bitmain proves Bitcoin’s environmental threat was overblown

    Bitmain’s latest numbers and change in one index makes the future not as bleak

    Remember when Bitcoin’s energy consumption was going to destroy the world? It turns out that the planet’s demise at the hands of crypto miners may have been greatly exaggerated. Bitmain’s recent financial filings and a new change in in how a much-touted number, the Bitcoin Energy Consumption Index, is calculated should allay fears that crypto will singlehandedly destroy our planet.

  • bare trees
    Bitcoin,  Commentary,  Ethereum

    The staggering environmental cost of blockchain

    With bitcoin using more power than Czech Republic, are mined coins sustainable?

    Over the last couple of years an argument has ensued regarding the amount of electricity that the Bitcoin network consumes to produce (mine) a coin and ensure the security of its network. Though the electricity itself may be inexpensive in some countries, the environmental cost to produce that needed electricity is building towards insurmountable proportions. In recent testimony before the United States Senate Committee on Energy and Natural Resources, Arvind Narayanan stated that assuming “all [Bitcoin] miners use the most energy efficient mining device available on the market” the total energy required by the Bitcoin network is “is slightly under 1% of world electricity consumption.” The key to this figure…

  • Bitcoin fire
    Bitcoin,  Media,  Opinion

    Bitcoin can’t destroy the world if most people continue ignoring it

    Reports about the world’s death from Bitcoin might be greatly exaggerated

    Bitcoin’s white paper came out a decade ago this week, and perhaps a positive sign of its success is this week’s big, dire headline: “Bitcoin emissions alone could push global warming above 2°C.” However, there’s a problem (or, perhaps, not really a problem): the paper was written with the assumption that the Bitcoin bulls and HODL bros are right. Reality may say otherwise, to the benefit of the global environment. Written by seven academics at the University of Hawai‘i and published by Nature, the piece used a significant part of Alex de Vries’ work on his site, Digiconomist. De Vries has been sounding the alarm regarding Bitcoin’s threat to the…