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Bitcoin Mining Council Claims Digital Asset Is Now Using 56% Sustainable Energy To Mine In Flawed Study

According to a recent report by the Bitcoin Mining Council (BMC), the global Bitcoin mining industry is allegedly now using 56% sustainable energy to mine BTC. “Bitcoin mining uses a negligible amount of energy, is rapidly becoming more efficient, and is powered by a higher mix of sustainable energy than any major country or industry,”… Read More

Bloomberg Article Falsely States That Bitcoin Is “Dirty Energy” Using Flawed Data Coinshares Debunks Them

Bloomberg published a narrative that has continued to be debunked for a long time that mining Bitcoin is bad for the environment due to its use of energy, and Coinshares quickly swung back debunking the argument. “The Bitcoin algorithm demands increasing amounts of computational power to validate transactions. If it were a country, its annualized… Read More

Square Invests $10 Million Towards A Cleaner Bitcoin Ecosystem

Square wants a cleaner energy consumption for Bitcoin to counteract the narrative that Bitcoin is wasteful on power causing pollution. Payments company Square has launched a Bitcoin Clean Energy Investment Initiative. The company which funds many companies within the cryptocurrency space is committing $10 million to support businesses that drive renewable energy within the Bitcoin… Read More

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