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Bitcoin mining energy could be slashed by ‘99%’

Environmentalists have launched a campaign to encourage the crypto industry to change bitcoin’s underlying code in order to reduce its considerable electricity consumption.

Change the Code Note the Climate claims that switching from proof-of-work to proof-of-stake would slash bitcoin’s energy requirements by 99 per cent - but it’s not a simple switch. It would require consensus among bitcoin miners and industry figures in order to happen, which has historically been extremely difficult (just look at bitcoin cash).