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Environmental Groups Pressure Bitcoin Community to Lower Energy Use

WSJ – Consortium launches effort advocating changes to the cryptocurrency’s code – “A consortium of environmental groups launched a campaign on Monday seeking to change bitcoin’s code to decrease its energy use, which has grown substantially in the past few years. Bitcoin is popular among some investors, but its energy use has riled environmental groups, alarmed some lawmakers, and put the cryptocurrency at odds with a green movement that has some supporters on Wall Street. The new campaign aims to persuade people involved with the cryptocurrency, from mining companies to investors to software developers, that a change is better for the environment and bitcoin’s reputation and support. Greenpeace USA, Environmental Working Group and others will run ads in media outlets such as the New York Times, Politico and The Wall Street Journal highlighting bitcoin’s environmental impact and advocating for change. The campaign is funded by Ripple co-founder Chris Larsen, who isn’t representing the cryptocurrency firm in this endeavor. Mr. Larsen said he provided $5 million…”

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