Bitcoin's new puzzle: How to ditch fossil fuels and go greenIn the world of bitcoin mining, access to cheap and reliable electricity is everything.
21 Apr, 2022, 01.21 PM IST
Mozilla pauses crypto donations amid climate impact debateLast week, Mozilla tweeted that it accepts cryptocurrency donations, which "led to an important discussion about cryptocurrency's environme...
07 Jan, 2022, 11.46 AM IST
Bitcoin uses more electricity than the entire nation of Philippines. Why is it so energy-intensive, is going greener possible?The process of creating Bitcoin consumes around 96 terawatt-hours of electricity annually.
20 Sep, 2021, 03.07 PM IST
Bitcoin uses more electricity than many countries. How is that possible?Cryptocurrencies have emerged as one of the most captivating, yet head-scratching, investments in the world. They soar in value. They crash...
16 Sep, 2021, 07.44 AM IST
Anhui becomes latest Chinese province to root out cryptocurrency miningAnhui will shut down all cryptomining projects in a cleanup aimed at reducing power consumption, as the province faces a "grave" supply sho...
14 Jul, 2021, 03.18 PM IST
Why China is getting tough on cryptocurrencyChina's regulatory assault on the digital currency has crypto watchers reaching for answers as to why Beijing is clamping down now and what...
22 Jun, 2021, 09.42 AM IST
In widening Chinese bitcoin crackdown, Sichuan to probe cryptomining: OfficialChina's central government vowed last week to crack down on bitcoin mining and trading, while this week Inner Mongolia, also a major mining...
27 May, 2021, 10.14 PM IST
Crypto miners halt China business after crackdown, bitcoin tumblesBitcoin took a beating after China's crypto-mining ban and is now down nearly 50% from it's all-time high. The latest shakeout in digital c...
24 May, 2021, 10.50 AM IST
Why does Bitcoin consume 'insane' energy?"If Bitcoin was a country, it would use around the same amount of electricity a year to mine as Switzerland does in total," Deutsche Bank a...
15 May, 2021, 02.28 PM IST
Elon Musk wants a greener bitcoin. Has he got a plan or a pipedream?Tesla can itself take an active role in helping make bitcoin greener by investing in new projects aimed at boosting the use of renewable en...
14 May, 2021, 01.25 PM IST
Elon Musk decries bitcoin's 'insane' energy use after Tesla U-turnElon Musk tweets a graph of bitcoin's power consumption, saying "Energy usage trend over past few months is insane." This, after he earlier...
13 May, 2021, 08.09 PM IST
View: Elon Musk conveniently ignored bitcoin's inconvenient truthCheap and abundant power is essential to crypto miners, with coal accounting for an estimated 38 per cent of their supply, according to the...
13 May, 2021, 04.35 PM IST
Anti-Chinese sentiments rise in Iran courtesy bitcoin firmsDozens of cities across Iran have witnessed frequent power cuts since early January. Iranian Minister of Energy Reza Ardekanian admitted th...
27 Feb, 2021, 01.52 PM IST
Bitcoin use causing huge CO2 emissions: StudyFor a Bitcoin transfer to be executed and validated, a mathematical puzzle must be solved by an arbitrary computer in the global Bitcoin ne...
17 Jun, 2019, 12.14 PM IST
Bitcoin to use 0.5 per cent of world's electricity by year endBitcoin's burgeoning electricity demands have attracted almost as much attention as the cryptocurrency's wildly fluctuating value.
17 May, 2018, 12.49 PM IST
Turning coal into bitcoin? Dirty secret of 2017's hottest marketChina is the biggest operator of computer “mines” and probably accounts for about a quarter of all the power used to create cryptocurrencie...
15 Dec, 2017, 09.40 PM IST
Is India ready to bite the bitcoin bullet?The answer — not yet. Bitcoin mining using Blockchain technology cannot be sustained with the current technology infrastructure.
13 Mar, 2017, 08.57 AM IST