ENERGY WEB PLATFORM TO ‘GREEN’ CRYPTO MINING

A partnership between PayPal’s blockchain research group, Energy Web and DMG Blockchain Solutions is proposing a solution to ‘green’ Bitcoin mining. The basis of the solution is to incentivise Bitcoin mining with low-carbon energy sources with cryptoeconomic rewards. While increasingly miners have been turning to renewables, the energy consumption of Bitcoin mining still remains a concern with an April 2, 2024 estimate suggesting that it is currently responsible annually for around 85Mt of carbon dioxide equivalent.

Read More: https://www.smart-energy.com/news/energy-web-platform-to-green-crypto-mining/


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