In an interview with Bloomberg Technology Pat Gelsinger, CEO of Intel, one of the world’s largest chip manufacturers, criticised the first cryptocurrency for its negative impact on the environment.
“One transaction on the bitcoin network consumes enough energy to power a house throughout the day. He said that this is a climate crisis.
The CEO of Intel also recalled the company’s plans to release a new mining chip that will “help develop technology in a responsible and sustainable way.”
According to the announcement, the devices will be released on “tiny chips”, so their release will have minimal impact on current production processes. Details were given at the ISSCC International Conference in February.
Gelsinger also said that he would work to improve the situation, and that technology could transform currency, transactions, and supply chains.
The non-profit Cardano Foundation achieved the goal of 1 million trees in January as part of the Cardano Forest environmental program using the ADA token.
Why bitcoin’s environmental impact is exaggerated – Much ado over nothing
Recall that in February, Berkshire Hathaway Vice Chairman Charles Munger compared cryptocurrencies to a “disease” and praised China for banning them.