Business
Bitcoin’s woke backers risk climate trouble – The Australian Financial Review
Square has upped its bitcoin investment to about $US220 million at the same time as launching a Bitcoin Clean Energy Investment Initiative.
The biggest threats for institutional bitcoin investors though are claims the bitcoin mining industry is environmentally toxic given how much energy it consumes. In total its been estimated the computer power required to mine the coins means the industry consumes as much electricity as a country the size of Argentina every year.
Existential risks
In response to bitcoins climate problem, Square announced on Wednesday it plans to go carbon neutral by 2030 and launch a Bitcoin Clean Energy Investment…
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