Proof-of-Work


Policy

EU Parliament Scraps Proof-of-Work Ban Following Backlash: Report

The language had sparked enough of an outcry that a Monday vote on the bill's passage was indefinitely delayed.

A controversial proposed ban on proof-of-work crypto in the EU is off the table for now. (Walter Zerla/Getty)

Policy

European Parliament Postpones Vote on Crypto Regulations Indefinitely

A leaked draft has drawn criticism for including a provision that sought to ban the use of cryptocurrencies that rely on proof-of-work.

BRUSSELS, BELGIUM - SEPTEMBER 23: German Member of the European Parliament (MEP) Stefan Heinrich Berger (Christian Democratic Union - European People's Party) is listening to the outgoing President of the European Central Bank (ECB) in the Economic and Monetary Affairs Committee of the European Parliament on September 23, 2019 in Brussels, Belgium. (Photo by Thierry Monasse/Getty Images)

Opinion

The Case for Taxing Proof-of-Work

Most bitcoin owners aren't cypherpunks and don't require an energy-intensive consensus mechanism. A tax would shift them on to sensible alternatives. This post is part of CoinDesk's Tax Week.

(Umberto/Unsplash)

Policy

EU Parliamentarians Push to Limit Bitcoin Use Over Energy Concerns

A provision added to a draft regulatory package calls for the restriction of cryptocurrencies that use proof-of-work consensus mechanisms.

The EU Commission, Parliament and Council are due to begin negotiations on the MiCA framework. (Daniel Day/Getty Images)

Finance

Warren Targets 6 More Crypto Miners for Their Energy Use

The crypto miners welcomed the dialogue on the environmental issues of mining with the Massachusetts senator.

Sen. Elizabeth Warren (D-Mass.) (Kevin Dietsch/Getty Images)

Finance

Luxor Starts Ethereum Mining Pool as Proof-of-Stake Shift Looms

Luxor also started an advocacy group for Ethereum to remain on the proof-of-work consensus mechanism.

Hut 8 Luxor Ethereum mining (Bet Noire/iStock/Getty Images Plus)

Videos

Tezos Co-Founder on Carbon Footprint, Proof-of-Work vs. Proof-of-Stake

Kathleen Breitman, co-founder of the Tezos blockchain, explains how their protocol utilizes proof-of-stake to maintain energy efficiency. Plus, her opinion on the ongoing debate in the crypto space about how proof-of-stake compares to proof-of-work.

Recent Videos

Videos

Valkyrie Exec. Unpacks House Hearing on Energy Impacts of Blockchains

Valkyrie Chief Investment Officer Steven McClurg discusses his reactions to Thursday's House Energy and Commerce Committee hearing on the energy use of crypto mining. Plus, thoughts on the threat of a 51% attack on Bitcoin, criticisms about proof-of-work mining, and a wider outlook for the mining industry.

Recent Videos

Videos

EU Markets Regulator Reportedly Calls for Ban on Proof-of-Work Crypto Mining

Energy-intensive proof-of-work crypto mining should be banned in the European Union (EU), according to the vice chair of the European Securities and Markets Authority (ESMA) Erik Thedéen. “The Hash” panel discusses the differences between proof-of-work and proof-of-stake mining following the latest bitcoin energy debate.

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Policy

EU Markets Regulator Calls for Ban on Proof-of-Work Crypto Mining: Report

Erik Thedéen said that EU regulators should nudge the crypto industry towards the less energy-intensive proof-of-stake mining.

EU Parliament (areporter/Shutterstock)