‘Bitcoin Miner Greenwashing,’ Claims American Environmentalist Group

• American environmentalist group EWG says Bitcoin Miners’ shift to nuclear energy is merely “greenwashing.”
• EWG believes miners use large quantities of water to function nuclear cryptomines.
• “Even one nuclear-powered bitcoin mine is simply too many,” says the activist group.

Environmental Working Group (EWG), the American activist group, has referred to as Bitcoin Miners’ shift to nuclear energy “greenwashing.” The Washington-based agency claims crypto mining operations, equivalent to Cumulus Knowledge, are falsely projecting their shift in power utilization as environment-friendly.

“Technically, nuclear produces zero carbon emissions,” explains EWG. However, the group clarifies that these miners use large quantities of water to function, creating harmful radioactive waste.

Expressing their deep contempt for nuclear cryptomines, the environmentalists state, “Even one nuclear-powered bitcoin mine is simply too many.” As soon as the nuclear cryptomine is on-line, EWG believes Terawulf shall be among the many earliest to make use of the information middle. Terawulf is without doubt one of the largest bitcoin miners within the U.S.

Moreover, EWG highlights a quote from Nazar Khan, Terawulf’s co-founder and chief working officer: “We’d love for it [nuclear power] to be the bulk. . . . It’s a zero-carbon base-load useful resource, so when it comes to the way it matches into what we’re doing, it’s a beautiful useful resource to have.”

Including to the listing, Cumulus Knowledge CEO Alex Hernandez reiterated these sentiments, saying, “We stay up for advancing our aim of fixing the power ‘trilemma’ which we outline because the quickly rising client demand for zero-carbon, low-cost, and dependable electrical energy demand.”

Nevertheless, EWG just isn’t satisfied and in its enchantment to the general public, Alex Formuzis, a spokesperson for the conservationist group states, “Utilizing electrical energy from a nuclear plant is hardly a profit to the atmosphere, and bitcoin and its Wall Road apologists like Constancy and Goldman Sachs comprehend it.

This try at greenwashing can’t cowl up bitcoin’s lengthy historical past of counting on soiled sources of electrical energy for revenue.

Nonetheless, the eco-activist agency just isn’t against crypto mining alternate options equivalent to proof-of-stake, which Ethereum has adopted. EWG suggests Bitcoin observe Ethereum’s lead and make a code change that can dramatically decrease its electrical energy use and the excessive monetary burden that comes with it.