Bitcoin miners align with fossil fuel firms

Bitcoin miners align with fossil fuel firms, alarming environmentalists

Today, through a holding company based in Kennerdell, Pennsylvania, called Stronghold Digital Mining that bought the plant, Scrubgrass burns ...

Mining for Power - Greenpeace USA

Introduction Greenpeace USA research reveals how the Bitcoin mining industry is interconnected with the fossil fuel and other polluting ...

The local environmental disasters that inconvenience bitcoin's ...

With its fossil fuel–heavy energy supply, Kentucky produces more carbon from cryptocurrency mining than any other U.S. state, according to ...

How a Natural Gas-Powered Bitcoin Miner Became a Darling of ...

So given that oil isn't going to disappear overnight, this particular fossil- fuel powered Bitcoin miner has been wildly successful with climate ...

Environmental Impacts of Bitcoin Mining - PennFuture

... fossil fuels like coal and gas are often used to create that electricity. ... NBC News, Sept. 25, 2021: Bitcoin miners align with fossil fuel firms, alarming ...

Pioneering the Future of Bitcoin Mining: Embracing Stranded Gas for ...

By converting this otherwise wasted gas into electricity, Bitcoin miners can reduce their carbon footprint, utilize an untapped energy resource, ...

The Greening of Bitcoin Mining - International Policy Digest

The Harvard Business Review highlights the vast untapped potential of natural gas that is currently flared in the U.S. and Canada, suggesting it ...

2109 Bitcoin miners align with fossil fuel firms

web, https://www.nbcnews.com/tech/tech-news/bitcoin-miners-align-fossil-fuel-firms-alarming-environmentalists-n1280060 ; author, Olivia Solon ; publication, NBC ...

Why fossil fuel companies see green in Bitcoin mining projects

ExxonMobil and other fossil fuel companies have turned to Bitcoin mining to address a gas problem. But their plans come with risks.

Bitcoin, data centers fuel energy spike, risking climate goals

The same is true in Texas, where data mining centers have requested the equivalent of roughly 41 new nuclear power plants to power their energy- ...

Bitcoin mining's green mile: 54.5% sustainable energy use

Bitcoin mining has achieved a new sustainability milestone, with 54.5% of its energy consumption now powered by renewable sources.

Can bitcoin mining empower energy transition and fuel sustainable ...

Profits from bitcoin mining can empower energy transition in the US. Hydrogen, ammonia, and methanol also emerge as feasible alternatives.

Sharing in Climate Chaos: Asset Managers and Banks' Investment ...

... Bitcoin mining. These companies' support has thrown a lifeline to the fossil fuel industry and is impeding progress on efforts to curb emissions

Crypto-Mining Creates New Environmental Injustices for Black Texans

Texas energy companies plan to build new fossil fuel power plants in communities of color to meet energy demand created by supercomputers.

Can Crypto Miners Make the World Greener? - CoinDesk

A report by crypto asset management firm CoinShares found that as of December 2021, renewables contributed under 30% of the total energy ...

U.S. bitcoin mining under fire for climate, energy impact

U.S. environmental groups warn about the climate cost of bitcoin · Lawmakers in New York push for a mining moratorium.

Inside a Bitcoin Mine at a Natural Gas Well In Texas - VICE

In many places, Bitcoin mining often relies on fossil fuels either directly or by pulling from the grid, along with whatever renewables are ...

It takes a lot of energy to mine Bitcoin. That's good news for states ...

Bitcoin mining is breathing new life into America's aging fossil fuel power plants, creating a demand environmentalists say discourages ...

Cryptocurrency's Energy Consumption Problem - RMI

Bitcoin miners are largely contracting energy from fossil sources and claims of sustainability tend to be based on being co-located near ...

Bitcoin Mining Is Set to Turn Greener - Global X ETFs

The bitcoin mining industry is taking note of the cost benefits of renewable energy. Recently, a number of industry-leading miners began a ...