was released on May 17 as a collaboration among the Climate Safe Lending Network, The Outdoor Policy Outfit and Bank FWD. The collaboration made it possible to calculate the emissions generated due to a company’s cash and investments, such as cash, cash equivalents and marketable securities.
“Until now, the role that corporate banking practices play in fueling the climate crisis has been murky at its best. This landmark report shines a floodlight. The research and findings contained in this report offer companies a new, massively important opportunity to help shift our financial system away from fossil fuels and deforestation toward climate solutions on a global scale.
When compared to the direct operational emissions of global financial firms, the emissions generated through investing, lending and underwriting activities are 700 times higher. In addition to the portrayed “imagery,” there have been various efforts to track the exact energy consumption of operating the Bitcoin network. One of the most widely accepted metrics for this complex variable is calculated by the Cambridge Center for Alternative Finance and is known as the Cambridge Bitcoin Electricity Consumption Index .
ALL LOSER THIS IS CRAP.
People keep commenting on this concerning Bitcoin, when projects like Polygon have already gone past mining issues and have become fully carbon negative, this market draws fast and developers are working tirelessly to compete with one another, giving users better options
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So please I have documentation and already statelogs submitted and can back up everything I just they even went so far as to use python and j.son and hex scheme to take ownership of my nfts and flat out in simple script changed ownership of my wallet s and assets if you no vested
This after my accoutnt was deleted and seen transaction where put in a new F2 pool for Binance . I have reported to FinCEN. And tonight I get a notification from that bitcoin was below my thresh hold, I tried transfer my coins with an api and to my knowledge was succeful
People Binance literally wrote script used for hub deleted my account and put them in a poolthen had never to try get me to sign a new user agreement with them so they could collect part prize money on the current project after they flat out took roughly 600 thousand
I mean really it’s not even that they anrusj you take when you inverse period and the and contracts I have on 20 different platforms now learned toncheck coins verify get receipts straight from block and verify ones I’m talking about straight just simple script and the people on
everyone is talking about
Can effect be stopped or reduced really?
i love bitcoin but banning carbon based mining is probably the solution to this. bitcoin must turn to renewable energy because it does use a lot of energy
If you not using renewable energy to mine, your doing it wrong!
Bitcoin is criticized for good reason. It’s the dirtiest crypto in existence, producing as much CO2, and using as much energy as some countries. Mining should be regulated and taxed, like any other industry that is responsible for contributing to the climatecrisis.
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People, we need to tell everyone about this!