Mining bitcoin youtube
Streaming sites may actually be having a bigger impact on the environment than you ever imagined. In the past 24 hours you might have watched a video recommended by YouTube, played a videogame in the cloud or asked a digital assistant to play your favourite song. These services, triggered by a tap, swipe or voice command, are delivered in an instant — cleanly, wirelessly and noiselessly — and it may never have occurred to us what impact they have on the environment. But every innovation delivered across the internet is run from data cent res, colossal buildings as big as nine hectares, situated well away from prying eyes in deserts or tundra.
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- Now even YouTube serves ads with CPU-draining cryptocurrency miners
- YouTube CEO hints at upcoming NFT support in open letter
- Bitcoin primer
- YouTube Channels of Crypto Influencers, Indian Exchanges Hijacked to Scam Innocent Investors
- North Texas Siblings Make $35K a Month Mining Cryptocurrency; Here’s How They Do It
- Crystal Blockchain
Now even YouTube serves ads with CPU-draining cryptocurrency miners
UK-based cryptocurrency venture Save Planet Earth has convinced investors it can make them rich and fix the climate, but its tree-planting vision is a long way from reality. Why would anyone pay such a huge premium? To find answers, Climate Home News dived into a community of cryptocurrency investors, connecting on messaging apps Telegram and Discord. The aim? An investigation by Climate Home, drawing on interviews with government officials and experts in those countries, suggests this claim is vastly inflated.
SPE was established in April by year-old Imran Ali, a project manager from the northern British city of Bradford, who previously worked in the waste and renewable energy sectors. The company is part of a recent boom in cryptocurrency initiatives to overhaul carbon trading.
These involve taking carbon credits out of the existing market and putting them on a blockchain where they can be bought with cryptocurrency, allowing traders to speculate on the price of a tonne of carbon. Growing demand for offsets is expected to push up prices. The buzz around cryptocurrencies provided him with a vehicle to fund carbon saving projects and raise awareness about the climate crisis, he explained.
SPE says it has attracted more than 80, investors. While Climate Home could not verify the figure, supporters of the venture exchange hundreds of messages every day on its Telegram channel. Ali said SPE was in talks with fossil fuel and mining companies interested in using its carbon credits to offset their emissions.
Cryptocurrencies are an alternative way to make payments. The technology behind it allows virtual money to be sent directly to others without using a centralised system, bypassing governments and financial watchdogs. Each transaction of crypto assets is registered and verified on a blockchain, a computer-based system that uses digital keys to prove to the network who owns what.
This makes blockchain networks transparent and difficult to cheat. Not necessarily. Blockchains used to support cryptocurrencies like Bitcoin are extremely energy-intensive. New generations of blockchain use a different security test that uses just 0.
Blockchain applications for global carbon accounting are being explored. The international community of investors backing SPE coordinate on Telegram to generate hype around the company, sharing memes and motivational chats with newcomers. Climate Home spoke to half a dozen SPE investors.
Nearly all of them had previously invested in cryptocurrency. None knew much about the carbon market. They trusted Ali to generate carbon credits that would increase in value and make them money. For most, saving the planet was secondary. In practice, carbon pricing is not the only tool of climate policy. Want climate news in your inbox? Sign up for free to get our weekly newsletter and occasional extra bulletins.
Nine months after its launch, SPE said it had contracts to plant 1. These boasts were, at best, premature.
In a follow-up email, Ali changed his story. He said SPE did not have permission to generate carbon credits on public land in Pakistan but agreements had been reached with private landowners, which he would not disclose.
In fact, while SPE says it has planted 25,, trees to date, none have been used to generate carbon credits. This was done without the involvement or knowledge of the environment ministry. Land for tree-planting is scarce. But Welikannage told Climate Home that while the agency had supported SPE in planting some trees on Earth Day , it was no longer in contact with the initiative.
The choice of fruit trees raised an eyebrow for Meredith Martins, assistant professor at the North Carolina State University, who has studied agroforestry systems in Sri Lanka. That requires clear agreements with stakeholders, land owners and authorities. SPE is one of a flurry of crypto ventures to have seized on surging demand for carbon offsets. Toucan, a nonprofit crypto initiative based in Switzerland, says its technology has allowed more than 18 million tonnes of carbon offsets to be tied to digital cryptocurrency tokens.
Supporters say this will make the carbon market more transparent, verifiable and easier to access for individuals and companies seeking to offset their emissions. Trading carbon credits the traditional way requires an account with a dedicated registry, putting it out of the reach of small buyers. Carbon market experts are open to the idea in principle, sceptical in practice.
Many are growing concerned about a proliferation of poor quality digital credits on the market. A key concern is that by putting credits on a blockchain, it removes it from the control of the carbon standard that issued it. Standard Verra has distanced itself from the trend of tokenising its credits, warning that once they are traded on a blockchain, it can no longer vouch for their environmental benefits. Comment: Why I refuse to collude with polluters in the carbon offsetting lie.
The use of carbon credits to offset emissions from burning fossil fuels is controversial, regardless of how transactions are carried out. There is a long history of forest carbon projects not delivering the claimed climate benefits — and a certification process to try and address these flaws.
Trading carbon credits on a blockchain does not make them any better for the climate, argued Gilles Dufrasne , policy officer at Carbon Market Watch. Carbon market incumbents have plenty of ideas on how to use blockchain to advance climate action and democratise finance, Hewlett said, but crypto entrepreneurs were not listening to the old hands. And that would be a missed opportunity. Investigative journalism takes time and expertise. With your support, we can dig deeper.
Please consider a contribution to our work. Read more on: Carbon markets Carbon markets. The climate crisis - and how we confront it - is THE story of our lifetimes. At Climate Home News, we believe journalism can make a difference. Our mission is to produce original reporting that informs, engages and inspires action. This takes time and expertise. Support our work today with a donation or by subscribing to our daily newsletter for exclusive extra content.
What is a cryptocurrency? What is blockchain? Climate Home.
YouTube CEO hints at upcoming NFT support in open letter
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Bitcoin primer
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YouTube Channels of Crypto Influencers, Indian Exchanges Hijacked to Scam Innocent Investors
We use cookies and other tracking technologies to improve your browsing experience on our site, show personalized content and targeted ads, analyze site traffic, and understand where our audiences come from. To learn more or opt-out, read our Cookie Policy. Congress members sent a letter to companies mining Bitcoin in the US. Democratic lawmakers are pushing Bitcoin mining companies in the US to divulge how much electricity they use in an effort to assess how that will impact nearby residents and the environment.
North Texas Siblings Make $35K a Month Mining Cryptocurrency; Here’s How They Do It
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Or, what is hope? We, as people, expect miracles development, welfare, freedom from our princes The political history of Goa is littered with stories of smaller regional parties rising, battling and falling to the might of The poll-bound states have a handful of small parties in the fray.
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Ben Lovejoy. With the new M1 Pro and M1 Max chips offering huge performance increases, a question occurred to me: Might MacBook Pro cryptocurrency mining be feasible? Some Redditors wondered the same thing. MacBooks resale value is basically the best in the market […] The SoC has multiple dedicated processors for specific things like screen output, super fast video encoding, encryption and an extremely powerful neural engine. If some world class apple and crypto mining programmer put his hands on it, magical things would happen. Not blazing fast by any means, but it is pretty damn efficient, and the per W hash rate is probably really good. Naturally, someone has already put it to the test and run the numbers.
YouTube was recently caught displaying ads that covertly leach off visitors' CPUs and electricity to generate digital currency on behalf of anonymous attackers, it was widely reported. Word of the abusive ads started no later than Tuesday, as people took to social media sites to complain their antivirus programs were detecting cryptocurrency mining code when they visited YouTube. The warnings came even when people changed the browser they were using, and the warnings seemed to be limited to times when users were on YouTube. Great now my browser everytime I watch youtube
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