NFT News Daily Today TheBitTimes.com

The report compares Bitcoin energy usage to that of clothes dryers (equal) and its emissions to those of manure (much less) in a slight but readable document. KPMG has released a report on Bitcoin and ESG (environment, social and governance) issues. The professional services firm, one of the world’s Big Four, found that Bitcoin “appears to provide a number of benefits across an ESG framework.” Looking at each component of ESG separately, the report noted that emissions is a more significant indicator of environmental damage than energy usage. It contextualized Bitcoin (BTC) emissions in relation to those of other sources that ranged from tobacco to tourism and found it was the second smallest contributor behind “Video (US).” It concluded: “Bitcoin’s emissions may be lower than often discussed.” The report repeated common strategies for improving Bitcoin’s carbon footprint, such as using more renewable energy and energy produced from methane for mining. BREAKING: KPMG, one of the ‘t...

The company has 400 MW of capacity spread across three continents, but most of its power is concentrated in Texas. Bitcoin miner Genesis Digital Assets (GDA) announced on Aug. 1 that it has launched three new data centers in the U.S. state of South Carolina. The facilities came online in February and March. The facilities are located in the western part of the state, with the first opening in the town of Anderson on the site of an abandoned warehouse. It has a capacity of 18 MW. Facilities were opened between the towns of Union and Lockhart the following month that had a combined capacity of 15 MW. Genesis Digital Assets in South Carolina. Source: Genesis Digital Assets The company said in a statement that the new facilities were part of an expansion in the United States. GDA North American head Ankit Joshi said, “We were impressed to see how these local communities welcomed us so warmly as an opportunity for their economy.” Time for another WARNING! We are NOT onboarding new cus...