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
Israeli media reports injuries in ramming operation in al-Naqab.
Sheikh Daamoush: Zionists must remain worried, as they have committed a grave error.
Sheikh Daamoush: All concessions given by Lebanese government to date bore no fruit.
Sheikh Daamoush: It is the duty of the state to protect its citizens and sovereignty, government must push plans to that effect and refuse external pressures, diktats.
Sheikh Ali Daamoush: We are not concerned with any plans so long as enemy not abiding by ceasefire.
Israeli media says reports incoming of suspected ramming operation in Tal al-Sabe', al-Naqab.
Sheikh Daamoush: Sayyed Abou Ali's martyrdom will not undermine resistance or prevent it from continuing his plans.
Sheikh Daamoush: We announce today that Sayyed Abou Ali was one of the highest leaders who managed "People of Might" battle, bravely and successfully.
Sheikh Daamoush: Sayyed Tabatabai was a man of the field, present in all confrontations, and one of the architects of liberation and victory.
Hezbollah Executive Council head Sheikh Ali Daamoush delivers eulogy of martyred Commander Haitham Tabatabai, fellow martyrs.

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

Inside the Epstein-Rothschild web behind 'Israel’s' spy tech empire

Inside the Epstein-Rothschild web behind 'Israel’s' spy tech empire

  • Politics
  • 19 Nov 2025
Hamas fighters stand in formation as they prepare for the ceremony of Israeli captive hand over to the Red Cross in Nuseirat, central Gaza Strip, Feb. 22, 2025. (AP)

US plot for Gaza in shambles amid continued popular support for Hamas

  • Politics
  • 17 Nov 2025
Democracy at the civilizational crossroads: Critical analysis of bourgeois Democracy, its alternatives

Democracy at the civilizational crossroads: Critical analysis of bourgeois Democracy, its alternatives

  • Analysis
  • 19 Nov 2025
Hezbollah announces the martyrdom of Haitham al-Tabatabai

Hezbollah announces the martyrdom of commander Haitham Tabatabai

  • West Asia
  • 23 Nov 2025

Coverage

All
In Five

Read Next

All
AP
Politics

Settler attacks intensify as Palestinians face systematic displacement

Beirut demonstration
West Asia

Beirut protest affirms right to resist, condemns Israeli aggression

Israeli military failure
Palestine

IOF dismisses generals, disciplines others after Oct 7 investigation

Pope Leo XIV celebrates a Mass for the Jubilee of the Choirs in St. Peter's Square, at the Vatican, Sunday, Nov. 23, 2025.(AP Photo/Alessandra Tarantino)
Politics

Pope's Lebanon visit still on track, Church official confirms

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