{"id":79904,"date":"2022-04-06T10:33:21","date_gmt":"2022-04-06T14:33:21","guid":{"rendered":"http:\/\/danielschristian.com\/learning-ecosystems\/?p=79904"},"modified":"2022-04-06T10:33:30","modified_gmt":"2022-04-06T14:33:30","slug":"bitcoins-proof-of-work-mechanism-is-a-climate-disaster-environmental-groups-have-a-fix-roach","status":"publish","type":"post","link":"http:\/\/danielschristian.com\/learning-ecosystems\/2022\/04\/06\/bitcoins-proof-of-work-mechanism-is-a-climate-disaster-environmental-groups-have-a-fix-roach\/","title":{"rendered":"Bitcoin\u2019s proof-of-work mechanism is a climate disaster. Environmental groups have a fix. [Roach]"},"content":{"rendered":"<p><a href=\"https:\/\/www.protocol.com\/bulletins\/bitcoin-mining-proof-of-work\" target=\"_blank\" rel=\"noopener\"><strong>Bitcoin\u2019s proof-of-work mechanism is a climate disaster. Environmental groups have a fix.<\/strong><\/a> &#8212; from protocol.com by Sarah Roach<br \/>\n<em>Ending proof of work would cut bitcoin&#8217;s carbon footprint by an estimated 99%.<\/em><\/p>\n<p><em>Excerpt:<\/em><\/p>\n<p style=\"padding-left: 40px;\">If bitcoin could just cool it with the whole &#8220;using copious amounts of energy to mine magic internet money&#8221; thing, that&#8217;d be great. That&#8217;s the message some environmental groups are putting out there as part of a new campaign pressuring the bitcoin community to clean up its act with a code change.<\/p>\n<p style=\"padding-left: 40px;\">Greenpeace USA, Environmental Working Group and other organizations began a\u00a0campaign\u00a0called #ChangeTheCode this week in an attempt to turn up the heat on bitcoin investors. The cryptocurrency currently relies on a\u00a0proof-of-work\u00a0process that puts miners in competition with each other. That mechanism is used by miners to confirm and record crypto transactions, providing a greater level of security, but it also takes a heavy climate toll due to the amount of energy used and the associated carbon emissions. There are other options, including proof of stake, that use vastly less energy.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin\u2019s proof-of-work mechanism is a climate disaster. Environmental groups have a fix. &#8212; from protocol.com by Sarah Roach Ending proof of work would cut bitcoin&#8217;s carbon footprint by an estimated 99%. Excerpt: If bitcoin could just cool it with the whole &#8220;using copious amounts of energy to mine magic internet money&#8221; thing, that&#8217;d be great. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[819,858,263],"tags":[],"class_list":["post-79904","post","type-post","status-publish","format-standard","hentry","category-blockchain","category-cryptocurrencies","category-geography-geology"],"_links":{"self":[{"href":"http:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/posts\/79904","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/comments?post=79904"}],"version-history":[{"count":1,"href":"http:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/posts\/79904\/revisions"}],"predecessor-version":[{"id":79905,"href":"http:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/posts\/79904\/revisions\/79905"}],"wp:attachment":[{"href":"http:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/media?parent=79904"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/categories?post=79904"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/danielschristian.com\/learning-ecosystems\/wp-json\/wp\/v2\/tags?post=79904"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}