Category: Environment



Waste Coal-Converting Bitcoin Miner Stronghold Digital Mining Raises $100 Million


Waste Coal-Converting Bitcoin Miner Stronghold Digital Mining Raises $100 MillionOn Tuesday, Stronghold Digital Mining, Inc., an ESG-friendly cryptocurrency miner announced it has raised $105 million in two private equity securities funding rounds. Stronghold’s operations convert waste coal into alternative energy in order to mine bitcoin and other cryptocurrencies. ESG-Friendly Crypto Miner Turns Coal Waste to Bitcoin, Operation Raises $100M While many have been focused […]






Veriblock Reveals Initiative to Recycle Bitcoin’s Energy Consumption by Securing Dogecoin


On Wednesday, the Veriblock project, a blockchain that leverages the implementation of proof-of-proof (PoP) consensus, announced an initiative to secure the Dogecoin blockchain using Bitcoin. The Veriblock Foundation believes the effort counters the hostile ‘Blood Bitcoin’ narrative in regard to recent environmental concerns over proof-of-work (PoW). Veriblock to Secure Dogecoin via PoP and Bitcoin’s PoW […]


Crypto Proponents Become Skeptical of Closed-Door Meeting Between Billionaires and Bitcoin Miners


Crypto Proponents Become Skeptical of Closed-Door Meeting Between Billionaires and Bitcoin MinersAfter Tesla’s Elon Musk and Microstrategy CEO Micheal Saylor revealed the revelation of a newly created “Bitcoin Mining Council,” the news became a viral subject. While some crypto supporters like the idea, others have been skeptical of a couple of billionaires having closed-door meetings with North American bitcoin miners. Bitcoin Mining Council Brings Back Memories […]




John Lennon’s Son Defends Bitcoin- Musician Highlights Carbon Footprint Tied to Consumerism


John Lennon's Son Defends Bitcoin- Musician Highlights Carbon Footprint Tied to ConsumerismOver the course of the last week, the concern tied to the environmental impact bitcoin mining produces continues to be a very topical discussion. On May 14, the musician and activist, Sean Ono Lennon, the son of John Lennon and Yoko Ono, said that he’s more concerned with consumerism than those complaining about bitcoin’s use […]


While Bitcoin Energy Concerns Grow, Nobody Discusses the Carbon and Military Violence Backing US Dollars


While Bitcoin Energy Concerns Grow, Nobody Discusses the Carbon and Military Violence Backing US DollarsThis week a great number of bitcoin supporters and skeptics have been arguing over whether or not bitcoin mining is harmful to the global environment. However, crypto supporters have been saying that concerns over the Bitcoin network’s energy supply are absurd, in contrast to the carbon used and the military violence that backs a number […]


Bitcoin Markets Blood Red After Tesla Announcement, Crypto Economy Sheds Billions


Bitcoin Markets Blood Red After Tesla Announcement, Crypto Economy Sheds BillionsDigital currency markets have seen better days, as billions of dollars were shaved off the entire crypto-economy after Tesla revealed it would not be accepting bitcoin over environmental concerns. The entire market capitalization of all the crypto assets in existence has dipped under the $2 trillion mark, and most coins are down between 5-30% during […]


Comedian Bill Maher excoriates environmental impact of crypto


The mention of Dogecoin still got a few cheers from the socially distanced audience.

Bill Maher did not hold back criticizing cryptocurrencies from Bitcoin to Dogecoin, implying the whole space was fake and yet still required an incredible amount of real energy.

Speaking in the New Rules segment on his show Real Time with Bill Maher on Friday, the comedian said the goal of mining crypto was to “make something that is purposefully arbitrary.” Comparing the crypto space to a virtual game and speaking about mining in a seemingly derisive tone, Maher implied investing in tokens was a childish endeavor which some prominent financial figures like Warren Buffett were avoiding.

“There is something inherently not credible about creating hundreds of billions in virtual wealth with nothing ever actually being accomplished and no actual product made or service rendered,” said Maher. “Unfortunately what is real is the unfathomable amount of electricity those massive supercomputers suck up for their mining.”

He added:

“Bitcoin uses more electricity per transaction than any other method known to mankind just one uses more energy than a million visa transactions and has the same carbon footprint as 85,000 hours of watching Youtube [...] Bitcoin uses more energy than Netflix, Apple, Facebook, Microsoft and Google combined."

The comedian admitted he still doesn’t “get it” when it comes to crypto — for example, he mistakenly referred to the creator of Bitcoin (BTC) as “Satatoshi Nakamoto.” Prominent figures in the space were quick to jump on Maher’s comments, seemingly referring to the 65-year-old as someone who was out of touch with the realities of the financial world.

“I like Bill Maher a lot and he is spot on many times, but his view of crypto is one sided,” said Alex Iskold of 2048 Ventures. “There is speculation for sure but the future of money is digital, and blockchain will have many many applications, that’s for sure too.”

Though Maher’s comments on the nature of cryptocurrency as "just a Beanie Baby that runs on coal" elicited sharp criticism from some, others were not so quick to dismiss his environmental arguments. Bitcoin’s energy consumption has been significantly increasing as the network does, leading to many being concerned with the crypto asset’s carbon footprint in the years to come.

Digiconomist founder Alex de Vries recently said the environmental impact of BTC could “quickly get completely out of control if adoption increases a lot more.” However, both Twitter CEO Jack Dorsey and Tesla CEO Elon Musk have claimed that the continued adoption of Bitcoin would incentivize the use of renewable energy like solar and wind.









BTC Miner Stresses: ‘Bitcoin is One of the Most Environment-Friendly Financial Networks’


BTC Miner Stresses: 'Bitcoin is One of the Most Environment-Friendly Financial Networks'While bitcoin has been gathering widespread attention with prices touching all-time highs, mainstream pundits have tried to attack the leading crypto asset for its energy consumption. It seems a new ‘bitcoin is bad for the environment’ editorial is published nearly every week by mainstream journalists, tech authors, and climate activists. This week a representative from […]




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