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The UN scientists evaluated the activities of 76 Bitcoin mining nations during the 2020–2021 period and found that the global Bitcoin mining network consumed 173.42 Terawatt hours of electricity. A recent study conducted by the United Nations (UN) suggested a direct correlation between the price of Bitcoin (BTC) and the energy needed for mining operations. The UN scientists evaluated the activities of 76 Bitcoin mining nations during the 2020–2021 period and found that the global Bitcoin mining network consumed 173.42 Terawatt hours of electricity. During this timeframe, the crypto ecosystem was undergoing a bull run, and Bitcoin rallied to mark its all-time high of $69,000. The UN report highlighted: “A 400% increase in Bitcoin’s price from 2021 to 2022 triggered a 140% increase in the energy consumption of the worldwide Bitcoin mining network.” At the time, fossil energy sources accounted for 67% of the electricity generated for Bitcoin mining. However, crypto entrepreneurs have ...

As AI and cloud computing become more popular, their environmental footprint is bound to grow. However, blockchain can help make these technologies more sustainable. As the meteoric growth of AI and cloud computing takes an unspoken toll on the environment, blockchain-based distributed networks like CUDOS can create a sustainable future for AI. In the past, Bitcoin (BTC) was targeted because of its high electricity usage and its consequent environmental impact. It took the combined effort of the mining industry and Bitcoin advocates to kick off numerous renewable energy initiatives, which resulted in the share of “green energy ” in the Bitcoin mining industry growing to over 58%. As Bitcoin carved a sustainable path into the future for itself, another technology started causing qualms in parallel with its explosive growth — artificial intelligence (AI). Sure, it’s fun to ask trading advice from ChatGPT or order a funny portrait of a president on Midjourney, but AI relies on countless...

Michael Saylor, Layah Heilpern and Steven Lubkha were among those in the crypto community that took an interest in what Australian actress Margot Robbie had to say about Bitcoin. Australian actress Margot Robbie, who is playing the lead in the new Barbie movie, has caused quite a stir within the crypto community after stating that simply talking about Bitcoin (BTC) gives off Ken vibes. In the last 24 hours, the crypto community on Twitter, including Microstrategy's Michael Saylor and prominent Youtuber Layah Heilpern, showed a mixed response to Robbie’s statement about Bitcoin that she made in an interview with Fandango on June 22. #Bitcoin is Big Ken Energy. pic.twitter.com/ExFOGXsuJ9 — Michael Saylor️ (@saylor) July 28, 2023 Robbie revealed that every time she overheard her husband Tom Ackerley and television producer David Heymen discussing Bitcoin on set, it brought to mind the traits of Ken, the fictional co-star character in Barbie, portrayed by Ryan Gosling.  “When Da...

“I’ve been ringing the alarm about the risks that Bitcoin poses to our power grids and climate,” said Senator Warren, agreeing with a New York Times article on the matter. United States Senator Elizabeth Warren blamed the Bitcoin (BTC) mining industry for rising energy prices in American households based on unverified mainstream reporting. However, Crypto Twitter was not ready to let it slide and unanimously decided to clarify the disinformation.  While Senator Warren has predominantly spoken against the crypto ecosystem, the latest dig at Bitcoin Mining comes based on a New York Times article. The report accuses Bitcoin miners of cashing in on electricity and indirectly forcing the public to pay the price. The narrative fit Warren’s perception of the crypto industry as she stated: “I’ve been ringing the alarm about the risks that Bitcoin poses to our power grids and climate. U.S. Environmental Protection Agency and Department of Energy should use their authority to require cryptomine...