{"id":13963,"date":"2022-09-20T12:28:03","date_gmt":"2022-09-20T12:28:03","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/climate-group-launches-new-campaign-against-bitcoin-mining\/"},"modified":"2022-09-20T12:28:03","modified_gmt":"2022-09-20T12:28:03","slug":"climate-group-launches-new-campaign-against-bitcoin-mining","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/climate-group-launches-new-campaign-against-bitcoin-mining\/","title":{"rendered":"Climate group launches new campaign against Bitcoin mining"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<ul>\n<li dir=\"ltr\"><em><strong>Climate groups want Bitcoin to follow Ethereum into switching from Proof-of-Work to Proof-of-Stake consensus mechanism.<\/strong><\/em><\/li>\n<li dir=\"ltr\"><em><strong>The groups have announced a new $1 million ad campaign targeted at pressuring Bitcoin and companies like Fidelity, PayPal and Jack Dorsey\u2019s Block to help push the agenda.<\/strong><\/em><\/li>\n<li dir=\"ltr\"><strong><em>Bitcoiners already scoffed at the calls when the campaign \u201cChange the Code, Not the Climate\u201d first launched in March.<\/em><\/strong><\/li>\n<\/ul>\n<p dir=\"ltr\">It was bound to happen and so it has.<\/p>\n<p dir=\"ltr\">A new campaign is underway targeting Bitcoin\u2019s energy use as a proof-of-work (PoW) network. The debate is getting new impetus after Ethereum finally launched its software upgrade via the Merge to become a proof-of-stake (PoS) blockchain.<\/p>\n<p dir=\"ltr\">And as Ethereum cuts its energy consumption by 99.95%, which Ethereum co-founder Vitalik Buterin confirmed will reduce global consumption by 0.2%, a host of environmental groups want Bitcoin to follow suit.<\/p>\n<h2 dir=\"ltr\">Bitcoin is an \u2018outlier\u2019, group claims<\/h2>\n<p dir=\"ltr\">A statement <a href=\"https:\/\/www.prnewswire.com\/news-releases\/climate-groups-to-bitcoin-cut-the-pollution-and-the-bs-301625320.html\" rel=\"noopener noreferrer\" target=\"_blank\">published<\/a> on Thursday by the Environmental Working Group, says a $1 million ad campaign has been launched to push for a rethink of Bitcoin\u2019s \u201coutmoded\u201d PoW consensus mechanism.<\/p>\n<p dir=\"ltr\">Apart from online advertisements, the initiative through Greenpeace is petitioning Fidelity Investments \u2013 which recently added Bitcoin to its clients\u2019 retirement (401(k)) accounts \u2013 to push for a PoW-to-PoS transition for BTC. Other players mentioned in the release are PayPal and Jack Dorsey\u2019s Block (formerly Square Inc.).<\/p>\n<p dir=\"ltr\">\u201cChange the Code, Not the Climate\u201d director Michael Brune said Bitcoin needs to look at the climate crisis and take its responsibility. He noted:<\/p>\n<p dir=\"ltr\">\u201c<em>With fires raging around the world and historic floods destroying lives and livelihoods, state and federal leaders and corporate executives are racing to decarbonize as quickly as possible. Ethereum has shown it\u2019s possible to switch to an energy-efficient protocol with far less climate, air and water pollution. Other cryptocurrency protocols have operated on efficient consensus mechanisms for years. Bitcoin has become the outlier, defiantly refusing to accept its climate responsibility.<\/em>\u201c<\/p>\n<p dir=\"ltr\">According to the \u201cChange the Code, Not the Climate\u201d group, discussions involving Congress and the Biden administration are taking place as they try to push the campaign goal.<\/p>\n<p dir=\"ltr\">Bitcoiners already put it to the group after the $5 million anti BTC campaign\u2019s launch in March that no such thing will happen. In fact, people pointed to Bitcoin mining already going green across the globe.\u00a0<\/p>\n<p dir=\"ltr\">Darin Feinstein, the co-founder of blockchain-focused firm Core Scientific, explained why Greenpeace should have been fighting for Bitcoin and not against it. His <a href=\"https:\/\/twitter.com\/DarinFeinstein\/status\/1508816753836666884\" rel=\"noopener noreferrer\" target=\"_blank\">tweet<\/a> in March:\u00a0<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/Greenpeace?src=hash&amp;ref_src=twsrc%5Etfw\">#Greenpeace<\/a> should be fighting for <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> <br \/>Banks the unbanked<br \/>Provides private property to the repressed<br \/>Eliminates censored transactions<br \/>Allows everyone to posses money that does not debase<br \/>Is unseizable<br \/>Strengthens the people<br \/>Uses just .0014 of the worlds energy <a href=\"https:\/\/t.co\/bFzgjxRJaw\">pic.twitter.com\/bFzgjxRJaw<\/a><\/p>\n<p>\u2014 Darin Feinstein (@DarinFeinstein) <a href=\"https:\/\/twitter.com\/DarinFeinstein\/status\/1508816753836666884?ref_src=twsrc%5Etfw\">March 29, 2022<\/a><\/p>\n<\/blockquote>\n<p dir=\"ltr\">So, will Ethereum\u2019s merge give the \u201c<em>Change the Code, Not the Climate<\/em>\u201d campaign the thrust it hopes to get to make \u201cthe change\u201d happen? .<\/p>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/new-1m-ad-campaign-against-bitcoin-mining-after-ethereums-merge\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Climate groups want Bitcoin to follow Ethereum into switching from Proof-of-Work to Proof-of-Stake consensus mechanism. The groups have announced a new $1 million ad campaign targeted at pressuring Bitcoin and companies like Fidelity, PayPal and Jack Dorsey\u2019s Block to help push the agenda. [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":13964,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/13963"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=13963"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/13963\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/13964"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=13963"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=13963"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=13963"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}