• Bitcoin,  Media,  Politics

    Opinion: Bitcoin’s environmental woes may not be so bad after all

    Bitcoin gets a lot of heat over a lot of heat

    People who are usually up in arms about stuff are up in arms over bitcoin. Specifically, over the huge amount of energy used to process transactions and keep the blockchain going. In early December, environmental news site The Grist published a story by Eric Holthaus. “Bitcoin could cost us our clean-energy future,” warns the headline which also infers there’s some kind of a clean-energy future to begin with. Paragraph after paragraph paints a grim image of the years to come, where bitcoin miners will guzzle more energy than evil capitalist America by next year and then suck the entire planet’s energy the year after like space aliens or something. The…