Recently, the world’s second-largest cryptocurrency, ethereum, implemented a major network upgrade that reduced its energy consumption by 99.9%. But though energy usage has been one of the cryptocurrency industry’s biggest targets for critique, it’s not likely that bitcoin will follow suit. Instead, bitcoin miners are touting their use of renewables and their benefit to the electrical grid, as they try to green their image. Here’s how both networks are trying to become more sustainable.
Chapters:
00:00 – Introduction
02:24 – How mining works
05:18 – Proof-of-stake
08:57 – Energy implications
14:10 – Future
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Connect with CNBC News Online
Get the latest news: https://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC
#CNBC
How Ethereum And Bitcoin Are Trying To Go Green
13 Comments
1st
1) BTC is not 2) ETH did this to enrich original Eth Holders and screw everyone else because – primairly – Vitalik is evil.
Jim Cramer hates Bitcoin almost as much as he hates Keith Gill.
No
who cares, climate change is political. omg , all we care about is making money $$$$$
XRP.
CARDANO COMMUNITY 🙌
How much electricity do electric cars consume ?
Yes solar panel cpu
Crypto is a fraud
Can a cow stop farting?
Despite the economic downturn, I'm so happy😊. I have been earning $ 60,200 returns from my $7,000 investment every 13days.
How about do a video of the energy usage of YouTube and Facebook? Bitcoin just need to make sure it uses green energy and stop trying to push POS for it because it won't happen. If it did, it would be the end of Bitcoin and possibly crypto. I would sell if it was ever announced.