Lighthouse Eco

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cryptocurrency

NY Agency Sued Over Cryptomining Operation That Could Increase Plant Emissions by 3,500%

“New York’s landmark climate law means that agencies can’t ignore the climate and environmental justice consequences of their decisions,” said one advocate.

Bitcoin climate impact greater than gold mining, study shows

Environmental damage of producing bitcoin averages 35% of its market value over past five years

China’s vast bitcoin mining empire risks derailing its climate targets

China powers nearly 80% of the global cryptocurrencies trade, but the energy required could jeopardise its pledge to peak carbon emissions by 2030

Bill Gates Sounds Alarm On Bitcoin’s Energy Consumption–Here’s Why Crypto Is Bad For Climate Change

As bitcoin pushes toward new highs, billionaire philanthropist Bill Gates is sounding an alarm on the cryptocurrency’s strikingly high carbon footprint “Bitcoin uses more electricity per transaction than any other method known to mankind,” Gates told the New York Times in a recent interview,…