Tag Archives: environmental

California went big on rooftop solar. It created an environmental danger in the process

California went big on rooftop solar. It created an environmental danger in the process

Solar panels purchased for home use under incentive programs many years ago are nearing the end of their life cycle. Many are already winding up in landfills. (Jim Cooke / Los Angeles Times) California has been a pioneer in pushing for rooftop solar power, building up the largest solar market in the U.S. More than 20 years and 1.3 million rooftops later, the bill is coming due. Beginning in 2006, the state, focused on how to incentivize people to take up solar power, showered subsidies on… Source link

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Bitcoin slides on environmental concerns but backers hope for a $100k high

The amount of bitcoin held on exchanges like Coinbase and Binance, have dropped to lower than they were in November last year. Photo: Reuters Major cryptocurrencies were down on Friday morning after a volatile week amid rising concerns over bitcoin’s environmental impact. Bitcoin (BTC-USD) was down 0.4%, still struggling to cross the $50,000 (£36,237) mark. It was trading at $47,900 at the time of writing. Many supporters on Twitter are hopeful it will hit $100,000 by the end of the… Source link

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Bitcoin Slides to $35K, ETH to $2.4K on Biden, Environmental Bearishness

Bearish news is causing the crypto market to dip and uncertainty reigns as to when prices might pick up again. Bitcoin (BTC) trading around $35,889 as of 21:00 UTC (4 p.m. ET). Slipping 7.6% over the previous 24 hours. Bitcoin’s 24-hour range: $35,453-$39,053 (CoinDesk 20) Ether (ETH) trading around $2,506 as of 21:00 UTC (4 p.m. ET). In the red 9.3% over the previous 24 hours. Ether’s 24-hour range: $2,443-$2,784 (CoinDesk 20) Bitcoin dumps on doubt Bitcoin, the world’s largest… Source link

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Tesla suspends Bitcoin car purchases citing environmental impact

Just weeks after Tesla started accepting Bitcoin as currency for cars, Elon Musk revealed in a tweet that it will “suspend” the effort. According to the release (Tesla does not appear to have a functioning press office), the company is “concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions.”  A study last year estimated bitcoin mining used 7.46 GW of electricity on average, and the same study puts the number right now at 16.71 GW. That would represent… Source link

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‘There’s a real issue’ with environmental impact of bitcoin

Sen. Elizabeth Warren (D-MA) has questions about cryptocurrency, including whether it takes advantage of smaller investors. The progressive senator also wonders whether bitcoin is too easy to steal. The former presidential candidate has been pushing for government intervention on both of those fronts and, in a conversation with Yahoo Finance’s editor-in-chief, Andy Serwer, this week, she raised another growing concern: the impact on the planet that has come with the rapid growth of… Source link

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