Connect with us

Hi, what are you looking for?


The Battle Over Managing Cryptocurrency Energy Consumption | Cryptocurrency In Real Life

Conservationists aim to emulate a New York statute to put a halt to what they perceive as exaggerated cryptocurrency energy consumption. This would compel Bitcoin miners to embrace alternative methodologies such as “proof of stake.” Conversely, miners in regions like Texas argue that control measures will not conserve energy in the long run, asserting that the advantages of virtual assets will surpass the disadvantages.

According to Liz Moran from the ecological advocacy organization Earth Justice, cryptocurrency mining and governmental monitoring of energy usage can coexist harmoniously. On the other hand, Jason Les, the CEO of Riot Blockchain, maintains that recent economic disruptions have made the utility of Bitcoin even more crucial than before.

#cryptocurrency #BTC #bloomberg

Credit: YouTube/Bloomberg Television

You May Also Like


Previously, in April, the CEO of Tesla and SpaceX, Elon Musk, caused quite a stir by revealing his intentions to procure the entire social...


Concerns about rising prices are impacting the entire economy of the United States, and one sector that is particularly affected is the real estate...


With rising expenses in fuel and power worldwide, particularly in the United States, the quest for sustainable energy sources has intensified. A significant historical...


Kellogg, a major supplier of packaged foods in the United States and globally, has maintained overall centralized control of all its owned labels during...