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Tag: energy usage

Ark Invest: Bitcoin Mining Net Positive to Environment, Concerns of BTC’s Energy Consumption Are Misguided

May 17, 2021 wp-bot Bitcoin News

Following concerns raised by Tesla CEO Elon Musk about Bitcoin’s energy consumption, global asset manager Ark Investment Management explained that the concerns are “misguided.” Referring

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Banking System Uses Significantly More Energy Than Bitcoin, Research Shows

May 17, 2021 wp-bot Bitcoin News

A new report shows that the banking system consumes more than twice the amount of energy that bitcoin does. The authors analyzed bitcoin’s energy usage

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