Authored by Elaine Ou via Bloomberg.com,
Concerns about the cryptocurrency's energy use are overblown...
While much of the world marvels at bitcoin’s meteoric rise, another part is focused on an environmental byproduct:
The sheer amount of electricity that crypto-currencies use.
By some estimates, bitcoin’s consumption alone exceeds -- or will exceed -- that of Ireland, Denmark, Japan or even the entire world.
Santa Barbara officials expanded evacuations Sunday as the Thomas Fire continues to rage through the Southern California county - burning over 230,000 acres to make it the fifth largest in the state since California began keeping records in 1932. Overall, approximately 8,500 firefighters are battling six wildfires across Southern California.
After destroying hundreds of buildings and forcing the evacuations of more than 200,000 people, the seven discrete wildfires ravaging Southern California finally receded over the weekend as the powerful Santa Ana winds that had fanned the flames earlier in the week died down. But firefighters early Sunday warned that the battle is far from over, as the progress made in containing the flames might soon be undone when the powerful Santa Aana winds return on Sunday.
Images of charred palm trees and the burnt-out husks of multi-million-dollar homes flooded social media for a fifth day Friday as the SoCal wildfires that exploded into life at the beginning of the week showed no signs of slowing.
Instead, some of the largest fires have entered the heart of Los Angeles – America’s second largest city – and are menacing some of the most expensive homes in the country.
Authored by Zainab Calcuttawala via OilPrice.com,
Tesla is not the only one bringing electric engines to cargo transport.
China just launched its first all-electric cargo ship, which will travel 50 miles at a top speed of 8 miles per hour on a single charge. Though it will be able to carry 2,200 tons of cargo with every haul, that battery capacity is barely enough to fulfill any transatlantic shipments. It will take just two hours to recharge, which is about as much time the vessel needs to unload at a destination.