Crypto-Mining Energy Waste
Bitcoin mining by massive arrays of servers around the world consumes an oversized amount of electricity as its network verifies secure transactions with extremely complex puzzles.
It is estimated that the process already consumes as much energy as Sweden, and its drain on global power grids is growing.
But Greenpeace and other environmental groups say that a coding switch could greatly reduce Bitcoin’s energy consumption. The campaign, Change the Code Not the Climate, points to the coding soon to be adopted by rival cryptocurrency Etherium that will slash its power consumption by 99%.
Campaign spokesman Michael Brune says energy demand from bitcoin mining has been responsible for dirty coal plants and gas power plants being revived at a time when the world is struggling to reduce its carbon footprint.
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