Ecology | ForkLog

ForkLog 9 25.05.2021

Marathon to build a ‘green’ data center for Bitcoin mining

American mining company Marathon Digital Holdings announced plans to build a data center in Texas with a capacity of 300 MW. The new facility is planned to be 70% carbon-neutral.

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ForkLog 6 24.05.2021

One River applies for a carbon-neutral Bitcoin ETF

One River Asset Management's Bitcoin hedge fund filed an application to launch an ETF based on the first cryptocurrency. Its hallmark will be purchases of carbon credits to offset CO2 emissions associated with mining the underlying assets.

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ForkLog 15 24.05.2021

CryptoTrunks NFT project suspends operations over environmental impact

The environmentally friendly non-fungible token (NFT) project CryptoTrunks has temporarily suspended operations to reduce its environmental impact.

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ForkLog 6 22.05.2021

Greenpeace pauses Bitcoin donations over high energy consumption

A representative of the international environmental organisation Greenpeace told the Financial Times in a comment about the suspension of accepting Bitcoin donations due to the high energy consumption of cryptocurrency mining.

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ForkLog 36 21.05.2021

FTX and BitMEX to channel part of fees to carbon-offsetting

Cryptocurrency exchanges FTX and BitMEX plan to donate a small percentage of transaction fees to carbon-offset organizations.

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ForkLog 9 20.05.2021

BIT Mining Limited to invest $25.74 million in building a mining center in Texas

BIT Mining Limited will allocate $25.74 million to fund the construction of a 57.2 MW cryptocurrency mining center in Texas.

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ForkLog 8 18.05.2021

Experts say Bitcoin is more environmentally friendly than the petrodollar

The petrodollar, backed by the U.S. armed forces, threatens the environment more than mining the first cryptocurrency. This was stated by Alex Gladstein, the Human Rights Foundation's Director of Strategy, and James McGinnis, co-founder of David Energy, on the Unchained podcast.

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ForkLog 8 17.05.2021

Study finds Bitcoin network uses less energy than the banking sector

Annual electricity costs of Bitcoin miners total 113.89 TWh, while gold production reaches 240.61 TWh, and in the banking sector about 263.72 TWh. This is according to a Galaxy Digital report.

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ForkLog 10 17.05.2021

Greenidge Generation to become carbon-neutral

A New York-based mining company, Greenidge Generation, will from June 1 fully neutralise the carbon footprint from Bitcoin mining through the purchase of CO2 offsets.

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uskoryayushhei-sya-fragmentatsii-mirovogo-interneta

ForkLog 6 12.05.2021

ECB board member says Bitcoin threatens sustainable development goals

Cryptocurrency mining, such as Bitcoin, poses a threat to global sustainable development in environmental terms, according to European Central Bank board member Fabio Panetta.

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ForkLog 4 10.05.2021

Ninepoint Partners to allocate portion of management fees to reducing carbon footprint

Ninepoint Partners, the Bitcoin ETF provider on the Toronto Stock Exchange, will allocate an undisclosed portion of its management fees toward reducing its carbon footprint.

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ForkLog 14 22.04.2021

Square and ARK Invest unveil model for expanding green energy through Bitcoin mining

Bitcoin mining could contribute to the transition to renewable energy, according to analysts from Square and ARK Invest.

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