Green Bitcoin Mining: PayPal and EnergyWeb’s Innovative Reward Scheme

CoinMarketCap04-23

Key Points PayPal and EnergyWeb are encouraging eco-friendly bitcoin mining practices with a new incentive program. The initiative aims to mitigate the environmental impact of bitcoin mining, which ...

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The initiative aims to mitigate the environmental impact of bitcoin mining,","collect":0,"end_time":0,"defaultTopTitle":"coinmarketcap.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4227":"交易和支付处理服务","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4566":"资本集团","LU1861217088.USD":"贝莱德金融科技A2","BK4535":"淡马锡持仓","BK4524":"宅经济概念","LU1861220207.SGD":"Blackrock FinTech A2 SGD-H","BK4527":"明星科技股","LU0158827948.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"A\" (USD) INC","BK4588":"碎股","LU2089283258.USD":"安联环球可持续基金Cl AM Dis","BK4551":"寇图资本持仓","BK4581":"高盛持仓","PYPL":"PayPal","LU2023251221.USD":"ALLIANZ GLOBAL SUSTAINABILITY \"AM\" (USD) INC","LU2089284900.SGD":"Allianz Global Sustainability Cl AM Dis H2-SGD","BK4106":"数据处理与外包服务","BK4554":"元宇宙及AR概念","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓"},"translate_title":"绿色比特币矿业：PayPal和EnergyWeb的创新奖励计划","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PYPL":1},"content_text":"Key Points\n\nPayPal and EnergyWeb are encouraging eco-friendly bitcoin mining practices with a new incentive program.\nThe initiative aims to mitigate the environmental impact of bitcoin mining, which critics argue is energy-intensive and harmful to the environment.\n\nPayPal Advocates for Environmentally Friendly Bitcoin Mining\nPayPal is proposing an incentive scheme for bitcoin miners who adopt sustainable practices.\nIn collaboration with the non-profit organization EnergyWeb, the PayPal Blockchain Research Group has created a platform that verifies the use of clean energy in bitcoin mining operations.\nThe Environmental Impact of Bitcoin Mining\nBitcoin mining involves solving complex cryptographic puzzles to generate new transaction blocks on the cryptocurrency’s blockchain.\nThis process typically requires high-powered computers, which consume significant amounts of energy.\nPayPal’s initiative aims to reward miners who utilize low-carbon energy sources, thus reducing their carbon footprint.\nThe use of such sustainable mining methods can help slow down global warming, as per the National Oceanic Atmospheric Administration.\nCritics argue that bitcoin mining leads to air, water, and noise pollution, among other environmental issues.\nIt’s estimated that bitcoin mining consumes around 127 terawatt-hours (TWh) annually, more than the total energy consumption of Argentina, as per the global energy non-profit Rocky Mountain Institute.\nA recent analysis by the New York Times revealed that the energy usage of bitcoin miners is approximately seven times that of Google’s global operations.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2429187742"}