It takes a lot of energy for miners to verify transactions and mint new blocks on the Bitcoin (BTC) blockchain. According to Statistica, one Bitcoin transaction consumes as much electricity as over 1 million VISA transactions. Moreover, the cryptocurrency's environmental burden increases even more if the energy used for mining stems from fossil fuels.But SAITech, a … [Read more...] about This Singapore tech company says its recycling 90% of waste heat from Bitcoin mining
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IBM, Nomura Research seek blockchain use in plastic recycling
An effort started in April saw IBM Japan and Mitsui Chemicals develop a framework for the use of blockchain in tracing plastic waste Tokyo-based firms IBM Japan, Mitsui Chemicals and Nomura Research Institute (NRI) have formed a consortium that seeks to find out how best to use blockchain technology in providing safe recycling of plastic. A press statement from Nomura notes … [Read more...] about IBM, Nomura Research seek blockchain use in plastic recycling