White House Launches Investigation As Bitcoin Cleanup Campaign Began
Nexus Media News
As the White House opens a request for information on whether digital assets “impede or advance efforts to tackle climate change,” a new campaign launched to “Change the Code Not The Climate.” Multiple climate groups and a billionaire are launching the effort to pressure those invested in Bitcoin to lessen the massive environmental impact of the cryptocurrency.
Some argue that’s an impossible goal and would only further entrench the already-wealthy’s hold over the system, and would likely still be incredibly inefficient and not be much better than the previous system. Bitcoin mining already consumes as much power as Sweden, and in some cases is keeping open coal and methane gas power plants that would otherwise or have already been shuttered, solely to fuel the compute...
