ihodl.com
Pat Gelsinger, CEO of Intel, one of the world's largest chipmakers, has criticized Bitcoin for its impact on the environment in an interview with Bloomberg Technology. According to him:
"A single ledger entry in Bitcoin consumes enough energy to power your house for almost a day. That is a climate crisis."
The company's CEO has also recalled the company's plans to launch a new mining chip that "will help advance this technology in a responsible and sustainable way."
Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.
According to the announcement, the devices will be released in "small chips," so their launch will have minimal impact on current production processes. The company has promised to reveal details at the ISSCC international conference in February.
Gelsinger has also promised to work to address the situation, adding that the technology could transform currency, transactions and supply chains.
Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.
Just this month, Berkshire Hathaway vice chairman Charlie Munger compared cryptocurrencies to a "disease" and praised China for banning them.