Op Ed: Bitcoin’s Energy Consumption Is Neither Frivolous Nor Excessive

Op Ed: Bitcoin’s Energy Consumption Is Neither Frivolous Nor Excessive

As the CEO of Hut 8, one of North America’s largest cryptocurrency miners and the world’s largest publicly traded cryptocurrency miner, I’m often asked questions about energy consumption in the mining of cryptocurrency. Unfortunately, there are many misconceptions around energy use and why it’s required to safely and securely transact cryptocurrencies. During our ribbon-cutting ceremony in the City of Medicine Hat in September 2018, a reporter asked me how I felt about something “frivolous” like bitcoin using so much energy.
A Greener Cryptocurrency From Bittorrent Inventor, Bram Cohen

A Greener Cryptocurrency From Bittorrent Inventor, Bram Cohen

The inventor of Bittorrent has now turned his attention to blockchain technology and building a greener Bitcoin called Chia. Bram Cohen released Bittorrent to the world in 2004, but, in early 2017, he stepped away from the company he built to focus on blockchain technology.

India Trials a Power Grid on the Blockchain to Incentivize Sustainable Energy

Access to reliable energy is the foundation of economic development and human society. Yet reliable energy can come at a steep environmental cost. Today’s energy systems are being rapidly reexamined and transformed by both private businesses and public organizations.

How Blockchain Technology is Helping to Clean the Niger River

Ogoniland, situated off the coast of the Gulf of Guinea in southeastern Nigeria, is considered the most polluted region along the Niger Delta and among the worst in the world. Even though the Niger Delta is rich in resources, poverty, pollution and unemployment are rife.

CarbonX and ConsenSys Put P2P Carbon Credit Trading on the Blockchain

Carbon credits trading (also known as “cap and trade”) as a means to help mitigate the effects of global climate change has long been advocated by environmentalists fighting one of the most intransigent environmental challenges of the 21st century. Now ConsenSys and CarbonX Personal Carbon Trading Inc.