CryptoMediaClub
Friday, October 31, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home Blockchain

Riot Inc Disputes New York Times’ Claims on Bitcoin Mining

12.04.2023
A A
0
148
VIEWS
ShareShare

Riot Inc Disputes New York Times' Claims on Bitcoin Mining

  • Riot Platform denies Bitcoin mining contributes to environmental pollution.
  • New York Times claimed Riot Inc uses as much electricity as 300,000 households.
  • Over 50% of Bitcoin mining uses environmentally friendly energy.

Riot Platform, a significant player in the Bitcoin (BTC) mining industry, has recently refuted claims that BTC mining contributes significantly to environmental pollution and exploits power grids to generate profits.

Consequently, these reports come after the New York Times article claimed that Riot Inc uses a large amount of electricity in mining cryptocurrency. According to the data in the article, the Texas-based platform uses as much electricity as 300,000 households use in the city.

The New York Times Article reported that Riot Inc ranks as the top electricity consumer among 30 crypto-mining industries. Specifically, Riot utilizes approximately 450 megawatts, releasing around 1.9 million tons of carbon emissions.

Riot Company’s reports assert that Bitcoin mining has no adverse environmental effects. Also, Riot claims that its data centre draws power from the Texas power grid, which they consider the cleanest and most renewable energy-sourced grid in the US.

As per the research conducted independently on renewable energy production, the percentage of Texas’s energy consumption that comes from renewable sources is merely 26%. Additionally, this is because Texas also produces significant energy from fossil fuels. South Dakota is the state that creates most of its own green power, accounting for 83% of the total.

In response to the aforementioned news, Riot Company denied the report’s validity, stating it was not genuine. Furthermore, the company claims to release reports that were politically motivated, intending to serve particular interests.

The price of Bitcoin has surged recently, causing Riot Inc shares to experience a significant increase of approximately 4%. Correspondingly, this rise in the value of Bitcoin has had a direct impact on the share prices of Riot Inc.

The Reality of Bitcoin Mining and Energy Usage

In 2017, the academicians at Cambridge University established Cambridge Bitcoin Power Consumption Index (CBECI). This index analyzed the amount of power consumed for Bitcoin mining in each country. However, the proportion of energy from renewable sources doesn’t require for the calculation.

Since it requires a lot of energy, Bitcoin has been criticized for many years. Moreover, the research conducted by ESG expert and investor Daniel Batten, more than 50% of the Bitcoin mining process are using environmentally friendly energy.

Recommended For You:

  • Bitcoin Mining Firm Riot Reports Monthly Output of 740 Bitcoins in January
Share11Tweet7ShareSharePin3

Related Posts

Ondo Finance Unleashes Revolutionary Tokenized US Treasuries on Sei
Blockchain

Ondo Finance Unleashes Revolutionary Tokenized US Treasuries on Sei

18.07.2025
0

Skip to content

Read moreDetails
Hashed stablecoin: South Korea’s Crypto Giant Unveils Bold Trademark Play

Hashed stablecoin: South Korea’s Crypto Giant Unveils Bold Trademark Play

17.07.2025
LA Token’s Strategic Move: Lagrange Foundation Considers Crucial Buyback for Price Stability

LA Token’s Strategic Move: Lagrange Foundation Considers Crucial Buyback for Price Stability

14.07.2025
Shocking Loss: Crypto Influencer Accidentally Burns $75K in PUMP Token

Shocking Loss: Crypto Influencer Accidentally Burns $75K in PUMP Token

14.07.2025
Dubai’s Historic Approval: Qatar National Bank Launches Revolutionary Tokenized Money Market Fund in DIFC

Dubai’s Historic Approval: Qatar National Bank Launches Revolutionary Tokenized Money Market Fund in DIFC

08.07.2025
Load More
Next Post
Blockchain Trial by TECNIO Centre EASY and Aumenta Solutions Solidifies Jelurida’s Role In Port Infrastructure Maintenance

Blockchain Trial by TECNIO Centre EASY and Aumenta Solutions Solidifies Jelurida’s Role In Port Infrastructure Maintenance

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

The First Real-World Asset Product stUSDT Launches on the TRON Blockchain

2 years ago
Crypto Venture Giant Hack VC Raises $77M for its ‘Oversubscribed’ Third Fund

Crypto Venture Giant Hack VC Raises $77M for its ‘Oversubscribed’ Third Fund

1 year ago
UK Opens Arms to Crypto as KR1 Targets London Stock Exchange Listing

UK Opens Arms to Crypto as KR1 Targets London Stock Exchange Listing

2 days ago
Mumbai Launches Metropolis Metaverse to Showcase Infrastructure Projects

Mumbai Launches Metropolis Metaverse to Showcase Infrastructure Projects

2 years ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Australian Police Seize $6M in Crypto After Analyst Exposes Manipulated Seed Phrase

Fed cancels December rate cut, 18% chance of hike, slowing Bitcoin rally

Cardano Price Prediction: Crypto Analysts Point to Break Above Symmetrical Triangle and Bullish Accumulation – Is ADA About to Hit $1 In November?

CZ Vs Senator Warren: Binance Founder Threatens Lawsuit Over Money Laundering Claim: Report

Alleged Mastermind Behind $31M FINTOCH Exit Scam Arrested in Thailand

Hong Kong Regulator Tightens Watch on Crypto Treasuries, Plans Public Awareness Push

Trending

Chainlink Price Prediction: Crypto Twitter Points to LINK Exchange Reserves Multi-Year Lows – Is a Supply Shock Coming?
All news

Chainlink Price Prediction: Crypto Twitter Points to LINK Exchange Reserves Multi-Year Lows – Is a Supply Shock Coming?

30.10.2025
0

Chainlink is still one of the few coins that has not bounced back since the October 10...

Nordea to Offer BTC-Linked Synthetic ETPs From December — European Crypto Market Maturing?

Nordea to Offer BTC-Linked Synthetic ETPs From December — European Crypto Market Maturing?

30.10.2025
Why $13B in Bitcoin options expiring this week is a price nothing burger

Why $13B in Bitcoin options expiring this week is a price nothing burger

30.10.2025
Australian Police Seize $6M in Crypto After Analyst Exposes Manipulated Seed Phrase

Australian Police Seize $6M in Crypto After Analyst Exposes Manipulated Seed Phrase

30.10.2025
Fed cancels December rate cut, 18% chance of hike, slowing Bitcoin rally

Fed cancels December rate cut, 18% chance of hike, slowing Bitcoin rally

30.10.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz