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Nalezeno "Proof-of-work": 344

Report crowns Solana for using least energy per transaction, but there's a catch

3.2.2022
Despite Solana’s low power consumption per transaction, the PoS network still uses much energy overall compared to other PoS protocols

Bitcoin Mining Report Shows Network’s Emissions Account for 0.08% of the World’s CO2

2.2.2022
During the last year, Bitcoin — the cryptocurrency network that leverages proof-of-work (PoW) to process transactions and secure the protocol — has received a lot of criticism about its environmental impact. This week, the cryptocurrency firm Coinshares published a report that shows...

New York gubernatorial candidate calls for moratorium on proof-of-work mining

1.2.2022
Politicians and activists have often targeted crypto mining operations around Seneca Lake due to the presence of Greenidge Generation's plant

Team Proof-of-Work Educates Lawmakers at Bitcoin Mining Hearing in US

21.1.2022
Questions ranged from whether Bitcoin (BTC) could potentially transition to a proof-of-stake (PoS) consensus mechanism, to whether crypto mining can be considered “wasteful,” as lawmakers in the US House of Representatives discussed the energy impact of crypto mining during a hearing...

Watch Mining Hearing Live: Bitcoin Is More Energy-Efficient than Banks, Bitfury CEO Tells US Lawmakers

20.1.2022
Traditional banking requires 2.5 times the amount of power as Bitcoin (BTC) to produce the same amount of value, and only proof-of-work (PoW) provides “a truly trustless system,” according to Brian Brooks, CEO of major blockchain technology firm Bitfury and a former Comptroller of the Currency...

Regulator Reiterates Call for EU Ban on Proof-of-Work Mining

20.1.2022
The EU should prohibit proof-of-work crypto mining, an executive at the European securities watchdog has insisted. Coins relying on the energy-intensive method of minting pose a risk to efforts aimed at meeting climate change goals such as those set in the Paris Agreement, the regulator says....

EU securities regulator calls for proof-of-work crypto mining ban

19.1.2022
European regulators are concerned about crypto's risks to climate change goals

Time to Ban Proof-of-Work Mining in EU, Move to Proof-of-Stake, Says Securities Regulator

19.1.2022
A leading EU financial regulator wants the union to “ban” proof-of-work (PoW) crypto mining and force tokens into proof-of-stake (PoS) paradigms, while the EU itself and the traditional finance sector are reportedly less environment-friendly than Bitcoin (BTC) when it comes to electricity...

Misleading Memo for US House Hearing on Bitcoin & Ethereum Mining Includes 'Basic Errors'

18.1.2022
A hearing on crypto mining scheduled to take place in the US House of Representatives Committee on Energy & Commerce this week is already raising alarms in the crypto industry as a pre-published memo revealed what some called “basic errors” in lawmakers’ understanding of the field.... Read More:...

Proof-of-work Hearing, Robinhood on Crypto Investments, 55 'Rug-Potentials' + More News

14.1.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________... Read More: Proof-of-work Hearing, Robinhood on Crypto Investments, 55 'Rug-Potentials' + More News

Bitcoin & Crypto Mining in 2022: New Locations, Technologies, and Bigger Players

9.1.2022
___ ___ 2021 has been a stellar year for crypto, which must also mean it’s been a stellar year for miners. And to a large extent, it was, with miners pocketing USD 3bn in revenues from Bitcoin (BTC) mining in the month of April alone.... Read More: Bitcoin & Crypto Mining in 2022: New Locations...

Watch: 6 Crypto CEOs Testify About Threshold Issues, Bitcoin Mining, and More

8.12.2021
US lawmakers should take steps to bring crypto-related activities into the regulated financial system, while also developing a “national policy for a decentralized Web 3” as they did for Web 1 in the 1990s, Brian Brooks, CEO of Bitcoin (BTC) mining firm Bitfury, wrote in a testimony ahead of...

Coinbase adds 'ETH2' despite tomorrow's Ethereum upgrade postponing difficulty bomb

7.12.2021
But ETH2 is not a new cryptocurrency and the exchange appears to be prepping for Ethereum's transition to Proof-of-Stake

Norway Mulls Backing Sweden’s Call for Euro Ban on Crypto Mining

19.11.2021
The government in Norway is considering ways to limit the environmental impact of cryptocurrency mining and may support Swedish proposals to that end, including a European ban on proof-of-work mining. The European Commission has revealed it is already working to promote a transition to “more...

Altcoin Roundup: 3 Proof-of-work protocols focused on building Web 3.0

13.11.2021
Proof-of-work models are evolving to support the growth of Web 3.0. Here’s 3 projects that offer miners substantial rewards for supporting the network

Swedish Regulators Call for EU Ban on Crypto Mining, Power Company Defends Industry

10.11.2021
Alarmed by the rising energy needs of cryptocurrency mining, Sweden’s financial and environmental regulators have recently proposed an EU-wide ban on proof-of-work coin minting. The Swedish officials believe this would encourage a move towards a more energy-efficient extraction of bitcoin...