{"id":4563,"date":"2022-01-30T12:36:38","date_gmt":"2022-01-30T11:36:38","guid":{"rendered":"http:\/\/costops.com\/index.php\/2022\/01\/30\/how-do-we-solve-bitcoins-carbon-problem\/"},"modified":"2022-01-30T12:36:38","modified_gmt":"2022-01-30T11:36:38","slug":"how-do-we-solve-bitcoins-carbon-problem","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2022\/01\/30\/how-do-we-solve-bitcoins-carbon-problem\/","title":{"rendered":"How do we solve bitcoin\u2019s carbon problem?"},"content":{"rendered":"<p>The cryptocurrency consumes more energy than Norway. As countries consider copying China\u2019s ban, experts disagree on whether a greener version is possible<\/p>\n<p>When bitcoin mining company Bit Digital started shipping its energy-intensive computers out of China in early 2021, eyebrows were raised. \u201cA lot of people thought we were being overly paranoid,\u201d says chief strategy officer Sam Tabar, who helped relocate all of the company\u2019s machines to the US and Canada.<\/p>\n<p>But the company\u2019s paranoia paid off. China\u2019s bitcoin mining ban last summer, driven partly by environmental concerns, sent the industry spinning into chaos. The announcement sparked a fire sale of the computers used to power bitcoin, with mining companies scrambling to ship more than 2m of the machines out of China. They arrived by the crateload in countries like the US, Russia and Kazakhstan.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/technology\/2022\/jan\/30\/how-do-we-solve-bitcoins-carbon-problem\">Continue reading&#8230;<\/a><br \/>\n<img src=\"https:\/\/i.guim.co.uk\/img\/media\/e53b6aaa1c8cee03b3463285866424a3bc95bcd4\/0_6_2480_1488\/master\/2480.jpg?width=140&amp;quality=85&amp;auto=format&amp;fit=max&amp;s=f65544324944fa5a4576b3df53e90898\" title=\"How do we solve bitcoin\u2019s carbon problem?\" \/>The cryptocurrency consumes more energy than Norway. As countries consider copying China\u2019s ban, experts disagree on whether a greener version is possible<br \/>\nWhen bitcoin mining company Bit Digital started shipping its energy-intensive computers out of China in early 2021, eyebrows were raised. \u201cA lot of people thought we were being overly paranoid,\u201d says chief strategy officer Sam Tabar, who helped relocate all of the company\u2019s machines to the US and Canada.<br \/>\nBut the company\u2019s paranoia paid off. China\u2019s bitcoin mining ban last summer, driven partly by environmental concerns, sent the industry spinning into chaos. The announcement sparked a fire sale of the computers used to power bitcoin, with mining companies scrambling to ship more than 2m of the machines out of China. They arrived by the crateload in countries like the US, Russia and Kazakhstan. Continue reading&#8230;Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The cryptocurrency consumes more energy than Norway. As countries consider copying China\u2019s ban, experts disagree on whether a greener version is possible When bitcoin mining company Bit Digital started shipping its energy-intensive computers out of China in early 2021, eyebrows were raised. \u201cA lot of people thought we were being overly paranoid,\u201d says chief strategy &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"http:\/\/costops.com\/index.php\/2022\/01\/30\/how-do-we-solve-bitcoins-carbon-problem\/\"> <span class=\"screen-reader-text\">How do we solve bitcoin\u2019s carbon problem?<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":0,"featured_media":4564,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/4563"}],"collection":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/comments?post=4563"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/4563\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/4564"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=4563"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=4563"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=4563"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}