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Bitcoin is on a collision course with ‘Net Zero’ promises

Published 05/30/2023, 09:30 AM
Updated 05/30/2023, 09:40 AM
Bitcoin is on a collision course with ‘Net Zero’ promises
BTC/USD
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Each year at the annual UN Climate Change Conference (COP), individual countries are pressured to ramp up their emissions reductions promises and showcase evidence they are taking steps to meet them.

With Bitcoin mining blamed for using as much power as an entire country, and politicians searching for easy targets to strike, the industry appears to be on a collision course with these global commitments to achieve net-zero emissions.

Artist Benjamin Von Wong created The Skull of Satoshi sculpture. He says hes not anti-Bitcoin, he just wants to lower emissions. (VanWong)
The Change the Code lobby group is using the Merge to lobby for changes to Bitcoin. (Change The Code)
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Its probably just water vapor. (Pexels)
Ethereums energy consumption plummeted after it moved to proof-of-stake in 2022.
The Bitcoin Mining Council is led by Michael Saylor (BMC)
There is a PlanB, however. (Pexels)
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