Bitcoin mining uses more electricity than all the electricity that Sweden does, according to a report from the University of Cambridge. In a new campaign launched, a group of Bitcoin climate activists want to change their algorithm from Proof-of-Work to proof of stake To reduce climate consumption. The campaign called “Change the code, not the climate” aims to get Bitcoin to change its algorithm, which will significantly reduce the competition for cryptocurrency mining. Ultimately, reducing carbon dioxide emissions from using expensive hardware to mine cryptocurrency. According to a report cited…
Read MoreProgram Code Change Will Reduce Bitcoin’s Energy Use by 99.9%: Climate Clusters
