Making Bitcoin energy efficient will take time, but it will be worth the wait
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City AM
City AM
By Darren Parkin by Viktor Prokopenya, executive director of VP Capital With the energy crisis affecting most industries, and the promise of crypto mining being able to adapt quickly to change blockchain power consumption, as reported in the recent Arcane report, this echoes my prediction of crypto mining catching up to achieve zero-emission technology in a few years. There is a lot of noise about how cryptocurrency mining is harmful, but this is overstated. A lot is done using renewable or wasted energy, for instance from nuclear power plants. Machine learning and AI also today consume lots o…
