A simple switch in the way transactions are verified could reduce bitcoin’s energy-guzzling mining habits
Bitcoin mining already uses as much energy as Sweden, according to some reports, and its booming popularity is revitalizing failing fossil fuel enterprises in the US. But all that could change with a simple switch in the way it is coded, according to a campaign launched on Tuesday.
The campaign, called Change the Code Not the Climate and coordinated by Environmental Working Group, Greenpeace USA and several groups battling bitcoin mining facilities in their communities, is calling on bitcoin to change the way bitcoins are mined in order to tackle its outsized carbon footprint.
(SOURCE) https://www.theguardian.com/technology/2022/mar/29/bitcoin-reduce-energy-consumption-climate-groups