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EU should ban energy-intensive mode of crypto mining, regulator says
- stevesimmons 5y ago(Sorry for the FT paywall; can't find a second source) Erik Thedéen, vice-chair of the European Securities and Markets Authority, told the Financial Times that bitcoin mining had become a “national issue” for his native country Sweden and warned that cryptocurrencies posed a risk to meeting climate change goals in the Paris agreement. Thedéen said that European regulators should consider banning a mining method known as “proof of work” and instead nudge the industry towards the less energy-intensive “proof of stake” model to cut down on the sector’s vast power usage.
- ml_basics 5y agoSource without paywall https://news.ycombinator.com/item?id=29990883 https://news.ycombinator.com/item?id=29990883
- Panino 5y agoZcash plans to switch to proof of stake by 2024: https://electriccoin.co/blog/ecc-roadmap-calls-for-focus-on-wallet-proof-of-stake-and-interoperability/ https://electriccoin.co/blog/ecc-roadmap-calls-for-focus-on-...