Biggest Cryptominers in the U.S. Can Use as Much Power as Houston, Findings Show
Seven of the largest Bitcoin mining companies in the United States are set up to use nearly as much electricity as the homes in Houston, according to data disclosed Friday as part of an investigation by congressional Democrats who say…
Art World Confronts Its Challenges
ATHENS — Should the British Museum return the ancient sculptures known as the Parthenon Marbles to Greece? Is the art world contributing to global warming? Is the hot market for digital art known as NFTs over? These are among the…
Bitcoin Mining Is a Tax on Our Electrical Grid
He and others also argue that Bitcoin isn’t as much of an energy hog as it first appears. Because Bitcoin miners can rapidly turn on or off, they are stabilizing the electrical grid in places such as Texas by throttling…
After Chinese Ban, Cryptocurrency Mining Got Worse for Climate
China’s crackdown on cryptocurrencies upended the world of Bitcoin last year, triggering a mass exodus of “miners” — who use power-hungry computers to mine, or create, new Bitcoins — to new locations around the world. Now, research has found that…
Regulators Want to Clamp Down on Stablecoins
Seeking stability Financial regulators have urged lawmakers to act fast on legislation to address the rising risk of stablecoins. This type of cryptocurrency — ostensibly backed one-to-one by a stable asset like the dollar, making it more practical as a…
In Coinbase’s Rise, a Reminder: Cryptocurrencies Use Lots of Energy
The stock market debut of Coinbase, a start-up that allows people to buy and sell cryptocurrencies like Bitcoin, is a watershed moment for digital money. It also threatens to lock in a technology with an astonishing environmental footprint. Cryptocurrencies use…
Bitcoin’s Climate Change Impact Is Under Scrutiny
Will owning Bitcoin become a status symbol — or a scarlet letter for a new generation of climate-focused investors wise to the challenges it poses? The answer is complicated. Bitcoin supporters say that estimates of its carbon footprint are overstated….
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