Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Trump: Venezuela airspace should be considered 'closed in its entirety'
AFP: Ukraine behind attack on Russian 'shadow fleet' tankers in Black Sea
Sheikh Qassem: We, our allies, the honorable in our nation, our people, and our army will never accept being subservient to the US or 'Israel'
Sheikh Qassem: They must despair, for whatever they do, this people cannot be defeated or broken, and we shall neither fall nor yield
Sheikh Qassem: Threats neither advance nor delay matters, yet the possibility of war or its absence exists because 'Israel' and the US are weighing their options
Sheikh Qassem: All these threats are simply a form of political pressure after a whole year of efforts proved ineffective
Sheikh Qassem: 'Israel's' 'servants' in Lebanon are few, but they cause problems by obstructing the country’s stability, growth, and liberation alongside the US and 'Israel'
Sheikh Qassem: Weapons block 'Israel’s' project, and anyone seeking disarmament plays into 'Israel’s' hands
Sheikh Qassem: The agreement came because we held fast, empowered by our vision, our faith, our will, our people, our patriotism, and our unwavering attachment to our land
Sheikh Qassem: People of Might Battle was a confrontation by a modest force, incomparable to the enemy's strength, but it was noble in spirit, brimming with courage, resolve, and unwavering faith in victory

EU Parliament drops proposal on phasing out energy-hungry crypto

  • By Al Mayadeen Net
  • Source: Agencies
  • 15 Mar 2022 14:54
1 Min Read

A proposal to prohibit people in the EU from using energy-hungry processes to generate cryptocurrencies including Bitcoin was dropped today.

  • x
  • Cryptocurrencies like Bitcoin and Ether have stirred up alarm over the amount of electricity they require
    Cryptocurrencies like Bitcoin and Ether have stirred up alarm over the amount of electricity they require

A controversial proposal that attempted to limit pollution from the most energy-inefficient cryptocurrencies failed in the EU parliament today.

The EU Parliament's Committee on Economic and Monetary Affairs voted on Monday to proceed with a legislative framework to regulate digital assets, but dropped a rule in the framework that would have disallowed people in the EU from using an energy-hungry process to generate cryptocurrencies including Bitcoin.

Bitcoin and Ether and other such cryptocurrencies have stirred up alarm over how much energy they consume, and the greenhouse gas emissions they generate as a result. This is particularly important for the EU, which is grappling with an energy crisis and a rise in electricity rates that has now been compounded by the problems presented by Russia's operation in Ukraine.

The entirety of the Bitcoin network uses more electricity in one year than the entire country of Norway. Bitcoin miners use special computers that solve complex puzzles that need a lot of energy. The EU parliament considered banning that very puzzle-solving because of the amount of energy it consumes.

  • Bitcoin
  • Ether
  • Cryptocurrency
  • European Parliament
  • European Union
  • EU

Most Read

13 elite Israeli troops were wounded in a confrontations in Beit Jinn, Syria.

13 elite Israeli troops wounded in confrontations in southern Syria

  • West Asia
  • 28 Nov 2025
Hezbollah announces the martyrdom of Haitham al-Tabatabai

Hezbollah announces the martyrdom of commander Haitham Tabatabai

  • West Asia
  • 23 Nov 2025
A boy tries to stand near missiles displayed in the National Aerospace Park of the Revolutionary Guard, just outside Tehran, Iran, Thursday, Nov. 13, 2025 (AP)

Key Israeli sites destroyed, nuclear docs moved to Tehran: Minister

  • Politics
  • 22 Nov 2025
Hezbollah publishes biography of martyred leader Haitham al-Tabatabai

Hezbollah publishes biography of martyred leader Haitham Tabatabai

  • Politics
  • 23 Nov 2025

Coverage

All
In Five

Read Next

All
National Guard are seen after reports of two National Guard soldiers shot near the White House in Washington, Wednesday, November 26, 2025. (AP Photo/Evan Vucci)
Politics

NG shooting suspect belonged to CIA 'Zero Units' in Afghanistan

This satellite image taken by Airbus DS shows objects on the ground at the Saudi Maternity Hospital in el-Fasher, Sudan (AP)
Politics

Inside the RSF’s brutal campaign against El Fasher’s healthcare

Lebanon urges UN action as 'Israel' builds new walls inside its border
Politics

Lebanon files UN complaint over Israeli concrete walls inside border

UN slams 'Israel' over Gaza torture reports, urges full investigation
Politics

UN slams 'Israel' over Gaza torture reports, urges full investigation

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS