CEO of one of the largest chip manufacturers Intel Pat Gelsinger in an interview Bloomberg Technology criticized the first cryptocurrency for its impact on the environment.
“One transaction on the bitcoin network consumes enough energy to power a house throughout the day. This is a climate crisis,” he said.
The CEO of Intel also recalled the company’s plans to release a new mining chip that will “help advance the technology in a responsible and sustainable way.”
According to the announcement, the devices will be released on “tiny chips”, so their release will have a minimal impact on current production processes. Details were promised to be revealed at the ISSCC international conference in February.
Gelsinger also promised to work on fixing the situation and added that the technology could transform currency, transactions and supply chains.
In January, the non-profit organization Cardano Foundation reached the goal of one million trees planted as part of the Cardano Forest environmental project using the ADA token.
Recall that in February, Berkshire Hathaway Vice Chairman Charles Munger compared cryptocurrencies to a “disease” and praised China for their ban.
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CEO of one of the largest chip manufacturers Intel Pat Gelsinger in an interview Bloomberg Technology criticized the first cryptocurrency for its impact on the environment.
“One transaction on the bitcoin network consumes enough energy to power a house throughout the day. This is a climate crisis,” he said.
The CEO of Intel also recalled the company’s plans to release a new mining chip that will “help advance the technology in a responsible and sustainable way.”
According to the announcement, the devices will be released on “tiny chips”, so their release will have a minimal impact on current production processes. Details were promised to be revealed at the ISSCC international conference in February.
Gelsinger also promised to work on fixing the situation and added that the technology could transform currency, transactions and supply chains.
In January, the non-profit organization Cardano Foundation reached the goal of one million trees planted as part of the Cardano Forest environmental project using the ADA token.
Recall that in February, Berkshire Hathaway Vice Chairman Charles Munger compared cryptocurrencies to a “disease” and praised China for their ban.
Subscribe to Cryplogger news in Telegram: Cryplogger Feed – the entire news feed, Cryplogger — the most important news, infographics and opinions.
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