Bitcoin mining struggles to go green, research shows


FILE PHOTO: A representation of the virtual cryptocurrency Bitcoin is seen in this picture illustration taken October 18, 2021. REUTERS/Edgar Su

LONDON (Reuters) - Bitcoin is struggling to go green, with the cryptocurrency making only slim gains in its usage of sustainable energy in the year to January, research by Cambridge university showed on Tuesday.

Processing bitcoin transactions and "mining" new tokens is done by powerful computers, hooked up to a global network, that compete against others to solve complex mathematical puzzles.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

BitGo debuts with $2.59 billion valuation as crypto IPO window reopens
Bitwise and Proficio Capital Partners ETF targets gold, metals, bitcoin as alternative to currencies
Exclusive-Amazon plans thousands more corporate job cuts next week, sources say
Intel struggles to meet AI data center demand, shares drop 13%
Tesla starts robotaxi rides without safety monitors in Austin
Elon Musk's X back up after brief outage, Downdetector shows
U.S. fintech could gain as Trump pushes affordability agenda, Citi says
UK court gives go-ahead to challenge to large data centre
Spotify launches AI-driven 'prompted playlist' for premium users in US, Canada
Coupang investors seek US probe over South Korea's handling of data leak

Others Also Read