Are we misguided about Bitcoin mining’s environmental impacts? Slush Pool’s CMO Kristian Csepcsar explains By Cointelegraph
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It’s a controversial topic in the blockchain community that comes up from time to time — just how much impact (BTC) mining has on the environment. Last year, Tesla (NASDAQ:)’s CEO Elon Musk brought forth a sharp correction in the cryptocurrency market by tweeting that Tesla would abandon plans to accept BTC, citing “rapidly increasing use of fossil fuels for Bitcoin mining and transactions.” However, a recent report published by CoinShares notes that despite the widespread use of coal, oil and gas for Bitcoin mining, the network accounts for less than 0.08% of the world’s CO2 production.
During an exclusive interview with Cointelegraph, Kristian Csepcsar, chief marketing officer at Slush Pool (NASDAQ:), the oldest Bitcoin mining pool, gave insight on what he believes are current misconceptions regarding Bitcoin mining’s environmental impact. When asked about the drawbacks of using electricity derived from oil and gas mine Bitcoin, Csepcsar says there are more than meets the eye:
Continue Reading on Coin Telegraph
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
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It’s a controversial topic in the blockchain community that comes up from time to time — just how much impact (BTC) mining has on the environment. Last year, Tesla (NASDAQ:)’s CEO Elon Musk brought forth a sharp correction in the cryptocurrency market by tweeting that Tesla would abandon plans to accept BTC, citing “rapidly increasing use of fossil fuels for Bitcoin mining and transactions.” However, a recent report published by CoinShares notes that despite the widespread use of coal, oil and gas for Bitcoin mining, the network accounts for less than 0.08% of the world’s CO2 production.
During an exclusive interview with Cointelegraph, Kristian Csepcsar, chief marketing officer at Slush Pool (NASDAQ:), the oldest Bitcoin mining pool, gave insight on what he believes are current misconceptions regarding Bitcoin mining’s environmental impact. When asked about the drawbacks of using electricity derived from oil and gas mine Bitcoin, Csepcsar says there are more than meets the eye:
Continue Reading on Coin Telegraph
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
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