A new cryptocurrency seeks to rival Bitcoin by addressing significant environmental sustainability issues criticized within the crypto industry. Traditional cryptocurrencies, particularly Bitcoin, face scrutiny due to high energy consumption, with Bitcoin mining consuming over 140 terawatt-hours annually. This has generated demand for greener alternatives aligned with global sustainability goals and ESG principles. Investors and developers are increasingly focusing on projects that minimize energy use, as regulations tighten. Bitcoin.ℏ or BTC.ℏ exemplifies this trend and is positioned as part of a broader movement toward eco-friendly cryptocurrency practices.
Bitcoin mining consumes over 140 terawatt-hours annually, comparable to the energy usage of countries like Norway.
The cryptocurrency industry has faced intense scrutiny over its environmental impact, particularly due to the insane amount of electricity that powers Bitcoin's proof-of-work consensus mechanism.
Investors and developers are prioritizing projects that minimize energy consumption and promote sustainable practices, mostly because regulation is catching up with the industry.
Bitcoin.ℏ or BTC.ℏ is presented as a green cryptocurrency and as part of a growing 'crypto mining sustainability movement'.
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