.jpeg)
Under the slogan “Change the coding, not the climate,” the campaign calls for the Bitcoin mining method called PoW, in which winner-takes-all mining rigs compete to solve power-hungry crypto puzzles, to a PoS method that is more Energy saving, which reduces the cryptocurrency's consumption of electricity. Instead of requiring increasing amounts of computing power to validate transactions on the blockchain, a Proof of Stake method that requires miners to bet their cryptocurrency in exchange for the ability to verify transactions and earn more tokens can be used as a reward.
According to figures from the Cambridge Bitcoin Electricity Consumption Index, Bitcoin is currently estimated to use more electricity per year than Norway or Sweden, while other coins including Cardano and Solana use a proof-of-stake model; “We know that cryptocurrencies do not need a lot of energy to function,” campaign activists said, and “many of the newer cryptocurrencies are low-energy or carbon-neutral because they use a better Proof of Stake model.”
The campaign argues that if only 30 people — the major miners, exchangers, and core developers who build and contribute to bitcoin’s token — agree to reinvent Proof of Work mining or replace it with a low-powered protocol, bitcoin will stop polluting the planet.
Proof of Stake Form
The campaign plans to launch a series of ads pressuring well-known crypto backers, including Tesla CEO Elon Musk and Twitter founder Jack Dorsey, and saying they have a responsibility to help clean up bitcoin even though the staking method bitcoin proponents say has. Disadvantages: Proof of Work allows for a more decentralized and therefore secure network. It is expected that Ethereum (the second largest cryptocurrency network in the world by market capitalization) will move to the Proof of Stake model later this year because it estimates that this switch will reduce the carbon footprint of this network by more than 99%.
Solar Energy
.jpeg)
In addition, US technology companies Block and Blockstream are preparing to launch a bitcoin mining center in June that will run entirely on solar energy, in a new effort to reduce the cost of cryptocurrency mining and make the process more environmentally friendly. Blockstream CEO Adam Buck told AFP that the electronic payment group Block, formerly known as Square, and Blockstream, a blockchain company, have invested $6 million in the project, which is expected to produce about 0.1 bitcoin in the world. today. Blockstream revealed that the center will be located in West Texas and will be equipped with solar panels and batteries from Tesla.
"A lot of people talked about this theory, and we thought we should try it in practice, so we have actual data that people can look at, use, and rely on," Buck added.