🤑 It doesn’t get more affordable. Grab this 60% OFF Black Friday offer before it disappears…CLAIM SALE

‘Bitcoin Miner Greenwashing,’ Claims American Environmentalist Group

Published 2023-02-03, 01:17 p/m
© Reuters ‘Bitcoin Miner Greenwashing,’ Claims American Environmentalist Group
BTC/EUR
-
BTC/USD
-
BTC/EUR
-
BTC/JPY
-
BTC/USD
-
BTC/JPY
-
BTC/GBP
-
BTC/GBP
-

Coin Edition -

  • American environmentalist group EWG says Bitcoin Miners’ shift to nuclear power is merely “greenwashing.”
  • EWG believes miners use massive amounts of water to operate nuclear cryptomines.
  • “Even one nuclear-powered bitcoin mine is too many,” says the activist group.

Environmental Working Group (EWG), the American activist group, has called Bitcoin Miners’ shift to nuclear power “greenwashing.” The Washington-based firm claims crypto mining operations, such as Cumulus Data, are falsely projecting their shift in energy utilization as environment-friendly.

“Technically, nuclear produces zero carbon emissions,” explains EWG. But, the organization clarifies that these miners use massive amounts of water to operate, creating dangerous radioactive waste.

Expressing their deep contempt for nuclear cryptomines, the environmentalists state, “Even one nuclear-powered bitcoin mine is too many.” Once the nuclear cryptomine is online, EWG believes Terawulf will be among the earliest to use the data center. Terawulf is one of the biggest bitcoin miners in the U.S.

Furthermore, EWG highlights a quote from Nazar Khan, Terawulf’s co-founder and c…

The post ‘Bitcoin Miner Greenwashing,’ Claims American Environmentalist Group appeared first on Coin Edition.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.