Bitcoin mining’s energy use is much criticized, so how will Ethereum’s Merge change that for other digital assets? And is there an eco-friendly way to power crypto? In this week’s episode of Crypto IRL, hosts Katie Greifeld and Tim Stenovec ask if it’s ever justifiable to mine crypto during a global energy crisis. Alex de Vries, the founder of Digiconomist, says proof of stake could solve the industry’s energy consumption issues. Meanwhile, CleanSpark CEO Zach Bradford says proof of work is “a feature not a flaw,” and crypto mining can be green.
Watch Crypto IRL on Thursdays at 8:30 p.m. New York time on Bloomberg Quicktake, and at 8:30 p.m. on Fridays on Bloomberg TV. And it’s always streaming at www.bloomberg.com/qt. #crypto
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