Cryptocurrency

Mining Bitcoin With Natural Gas For A Clean Crypto Future | Business of Climate Change | Forbes



Cryptocurrency and the blockchain technology that underlies it is responsible for creating assets worth billions of dollars, but the digital “mining” of Bitcoin and other cryptocurrencies is an energy intensive process requiring thousands of computers. 

But the energy geared towards mining cryptocurrency doesn’t necessarily have to harm the environment. Some cryptocurrencies are moving towards forms of mining that are less energy-intensive. Others have protocols that require the use of renewable energy. 

Miners producing Bitcoin and similar cryptocurrencies are also working to take advantage of inefficiencies in power production and turning them into digital gold. 

We spoke to EZ Blockchain, a company that is directly keeping greenhouse gasses out of the atmosphere while turning a profit in the process by utilizing wasted energy with the help of Bitcoin mining and high density computing.

Business of Climate Change explores the industries that are most implicated in climate change — and the companies working to fix that. Forbes’ Senior Science Editor discusses the promise of these solutions with industry experts, scientists and entrepreneurs.

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22 Comments

  8. C Groff

    genius, using offgasses waste that just gets burned away at dumps and oil facilities, also all those obsolete wells that dont produce as much gas but leak free money, the government should do this instead of just print

  17. Ackza𒀖

    A FAT MAN should NOT be talking about CLIMATE CHANGE if he cant even change his own personal food climate. His food over consumption , en mass, scaled up to the whole nation? Well thats your problem right there. His lifestyle is anti climate

  18. Ackza𒀖

    These women talk about bitcoin and climate change like theyre going to use green taxes to somehow reign in bitcoin… NOPE! Bitcoin doesnt care about your laws, it will be mined in illegal chinese and russian power plants running on hydro electric and nuclear and coal power forever or UNTILL you DEVELOP better energy production system like the searl effect generator mag lev fly wheel.

  21. Fumiker Hong

    Every crypto investor right now just smiling at the price of crypto as it held strong and indeed valuable enough to generating good ROl.more person are gonna become millionaires and we have crypto thanks for that

  22. message{ BRAINSCOTT805 ON TELEGRAM }

    Can’t stop thanking you☝️ brain I never believe your software mining is the processing of cryptocurrency mining untilizing a remote datacenter with a shared processing power. This type of software mining enables users to mine bitcoins or alternative cryptocurrencies without managing the hardware a big thanks to you sir with the real software that works smoothly on my computers.

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