Bitcoin mining is an essential part of how the currency works, as miners verify transactions and add new blocks to the blockchain. It has come under attack for its high energy use. Estimates indicate Bitcoin mining uses between 73-113 terawatt-hours (TWh) of electricity per year as of 2023. This astounding...
Bitcoin mining—which has a massive carbon footprint—is facing more and more criticism for its negative effects on the environment. This activity happens to consume a staggering amount of energy. In reality, it consumes more electricity than most countries and is a major driver of carbon pollution.The Environmental Cost of BitcoinRecent...
The discussion around Bitcoin’s energy consumption has been one of the most consistent dog whistles used to rally strong opposition to cryptocurrency. This is one of the most serious criticisms against Bitcoin, echoed by many environmentalists. They even go so far as to liken it to the energy consumption of...
Paraguay, a landlocked country in the middle of South America, is quickly becoming an unlikely hub for Bitcoin mining. The transformation has the potential to leverage its unique energy landscape. In the meantime, a stormy political atmosphere is luring in firms such as Hive Digital Technologies. With its abundant hydroelectric...
Kuwait just recently adopted a hard-line stance against cryptocurrency mining. Thanks to their ban, energy use has plummeted across the board. This decision is a result of increasing concern about the stress on the national electric grid and risk of blackouts. In doing so, the agreement represents a watershed moment...
Kuwait’s Al-Wafrah region experienced a record 55 percent reduction in energy use. This steep fall came after a government-led campaign to shut down any and all illegal crypto mining facilities. This week, authorities raided the government’s estimated 100 homes housing illegal Bitcoin mining rigs. The findings, recently released in a...
We all love innovation, right? The allure of decentralized finance, innovative technology, and perhaps a pinch of that cryptocurrency gold rush excitement. What if that gold rush is doing it while creating a path of pollution, noise and economic burden behind it? Could the future of finance be emerging from...
Upstate New York is currently experiencing an escalating battle between cryptocurrency mining facilities that have settled in the region and vulnerable communities fighting for their environment and public health. Now companies like Greenidge Generation continue to rush into the region to exploit their dirt cheap electricity. They are facing withering...
You’re excited because you realize that New York has turned the corner, is moving full steam ahead to a cleaner, greener tomorrow. Think again. Beneath the surface of solar panels and wind farms, a dirty secret is quietly sabotaging our efforts: Bitcoin mining. And it’s happening right in our own...
Texas, the state known for its wide-open spaces and low-cost energy intended to lure factories and data centers, not data miners, has become a crypto mining mecca. Whether it’s attracting AI companies or some other tech hub of the future, state leaders like Gov. But behind the promises of innovation...
One cryptocurrency that’s made quite a bit of news this week is Solana, mainly due to its explosive DeFi development. Take it away, Jason Jason, a veteran crypto analyst, breaks down the on-chain metrics, TVL, and DApp revenue powering Solana’s ecosystem. Ideally, he wants to know the probability of SOL...
Okay, fam, let's be real. You've seen the tweets. You've heard the whispers. Solana’s return isn’t just a comeback – it’s a renaissance. Forget the doom and gloom of the crypto winter. We're talking DeFi Summer 2.0, and this time, it's bigger, bolder, and way more accessible.Look, I get it....
So, wow—Solana’s really been killing it, huh? Fifth largest crypto, TVL through the roof, fees surpassing Ethereum… it’s enough to make you think we've found the holy grail of blockchains. Before you remortgage the homestead and YOLO into SOL, hold up. More importantly, I’m a pragmatist who’d rather see cold,...
Decentralized finance (DeFi) has quickly become a rapidly evolving and expanding sector. New projects emerge almost daily, tantalizing crypto investors around the globe. As we speak, Rexas Finance is surging like wildfire, especially has been the buzz in the community of XRP and BTC Holders. With its unique paradigm-shifting approach...
100x returns. The holy grail of crypto investing. We’ve all heard the hype, the happy talk, the success stories, the Lambo memes. And if we’re being real, it’s easy to understand how the idea of flipping a few thousand dollars into a life-changing payout can be so alluring. So before...
The cryptocurrency market is abuzz with excitement for the year 2025, with crypto enthusiasts already looking for the next big investment. That said, the promise of 100x returns, though tempting, requires a careful and educated strategy. This article will explore three altcoins—JBOLT, TAO, and ICP—exploring their potential for significant growth...
Forget the tired narratives about Bitcoin dominance. Now the real action is in the deep, wild altcoin universe where innovation is occurring at warp speed. I've been diving deep, sifting through the noise, and I've found three altcoins that I believe possess the potential for massive growth by 2025. We're...
Let me tell you about Maria. For Maria, who was working two minimum wage jobs, just getting by and feeling stuck. The system felt rigged. That was until her friend introduced her to Bitcoin, and more importantly introduced her to an extremely simple strategy known as dollar-cost averaging (DCA). Now,...