4min chapter

Swan Signal Live - A Bitcoin Show cover image

Lyn Alden: Bitcoin's Energy Usage Isn't a Problem. Here's Why.

Swan Signal Live - A Bitcoin Show

CHAPTER

The Bitcoin Block Size War

SegWit2X was a failed contentious hard fork attempt outlined in the New York agreement that intended to double the block size limit. The existing core developers and individual node operators were not on board with the plan, and so along with multiple other reasons, it was aborted. Some of the larger companies in the industry have formed the Bitcoin Mining Council to collect volunteer data from miners on the sources of energy used. Their initial findings suggest that Bitcoin Mining uses a higher ratio of sustainable energy than just about any country's typical electrical grid. There is a split in the Bitcoin community about how they should respond to environmental concerns.

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