News
The Energy Conundrum: Bitcoin vs. Traditional Banking

The financial sector is facing significant energy challenges, with both Bitcoin and traditional banking contributing to environmental concerns. This article explores innovative solutions aimed at reducing the energy consumption and carbon footprint of these financial activities, highlighting the importance of sustainability in the industry. For cutting-edge strategies and initiatives addressing the energy challenges in the financial sector, visit the Terranox Website to learn about innovative solutions promoting sustainability and environmental responsibility.
The Energy Dynamics of Bitcoin
The energy dynamics of Bitcoin are a complex interplay between the technology’s innovative potential and its environmental impact. Bitcoin mining, the process that keeps the Bitcoin network secure and functional, is at the heart of these energy dynamics.
This process involves solving complex mathematical puzzles to validate transactions and add them to the blockchain, a task that requires significant computational power. As a result, Bitcoin mining operations often use large arrays of specialized hardware known as ASICs (Application-Specific Integrated Circuits), which consume substantial amounts of electricity.
The high energy consumption of Bitcoin mining has raised concerns, especially as the network grows and the difficulty of mining increases. Critics argue that the environmental cost of Bitcoin mining could outweigh its benefits, particularly in regions where electricity is generated from fossil fuels, contributing to greenhouse gas emissions and climate change.
However, proponents of Bitcoin argue that the network’s energy usage is a necessary investment in a decentralized and secure financial system, and that it is comparable to or even less than the energy consumption of traditional financial systems when considering the full lifecycle of money, including printing, transportation, and storage.
Furthermore, the Bitcoin community is actively seeking ways to reduce its environmental impact. One approach is the increasing use of renewable energy sources for mining operations. Hydroelectric power, solar energy, and wind energy are becoming more common in Bitcoin mining, particularly in regions where these resources are abundant and cheap.
The Environmental Footprint of Traditional Banking
The environmental footprint of traditional banking is a multifaceted issue that encompasses various aspects of the banking sector’s operations. Unlike the digital realm of cryptocurrencies, traditional banking relies heavily on physical infrastructure, including bank branches, ATMs, and the production and transportation of currency. These elements contribute to the sector’s energy consumption and carbon emissions.
Bank branches and ATMs are ubiquitous, and their operation requires energy for lighting, heating, cooling, and running electronic systems. The energy used in these facilities often comes from non-renewable sources, contributing to the carbon footprint of the banking sector. Additionally, the construction and maintenance of physical banking infrastructure involve the use of materials and resources, further adding to the environmental impact.
The production and transportation of physical currency are other significant contributors to the environmental footprint of traditional banking. The process of printing banknotes and minting coins requires energy and resources, and the transportation of currency between banks, businesses, and consumers generates carbon emissions. The management of cash, including its storage and security, also entails energy consumption.
In response to these environmental concerns, the banking sector is increasingly adopting sustainable practices. Many banks are investing in energy-efficient buildings and technologies to reduce their carbon footprint. Digital banking is being promoted as a more environmentally friendly alternative to physical banking, as it reduces the need for paper and physical infrastructure. However, digital banking is not without its environmental impact, as data centers and network infrastructure require energy to operate.
Innovations and Solutions
In addressing the energy challenges associated with both Bitcoin and traditional banking, several innovations and solutions are being explored and implemented. These efforts aim to reduce the environmental impact of financial activities while maintaining or even enhancing the efficiency and security of transactions.
In the realm of Bitcoin, one significant innovation is the development of more energy-efficient mining hardware. Advances in technology have led to the creation of mining rigs that require less electricity to perform the complex computations necessary for securing the blockchain.
Solar, wind, and hydroelectric power are increasingly being harnessed to provide the electricity needed for mining, thereby reducing the reliance on fossil fuels and mitigating the carbon footprint of the cryptocurrency. Some mining facilities are even being set up in locations with excess renewable energy, such as regions with abundant hydroelectric power, to take advantage of lower energy costs and contribute to a more sustainable mining ecosystem.
Digital banking is one such innovation, as it reduces the need for physical infrastructure and the associated energy consumption. By enabling customers to conduct transactions online or through mobile apps, banks can decrease the usage of paper, lower the energy required for operating branches, and minimize the carbon emissions from commuting to and from bank locations.
Conclusion
In conclusion, the financial sector is actively seeking ways to address its environmental impact. Through advancements in technology, the adoption of renewable energy sources, and the promotion of green finance, both Bitcoin and traditional banking are making strides toward a more sustainable future.
Entertainment
Join TV and radio presenter Hester Grainger live at the Torch

THIS June, the Torch Theatre welcomes ADHD coach, speaker and former Wright Stuff presenter Hester Grainger to the stage with her powerful and uplifting show, ADHD: Unmasked.
Expect an evening of open conversation, laughter, and refreshingly honest insights into life with ADHD. In a supportive and inclusive space, Hester invites everyone—whether living with ADHD, supporting someone who is, or simply curious—to share stories, connect, and feel seen.
A well-known voice in the neurodivergent community, Hester is a regular podcast guest and media contributor. Her appearance on ADHD Chatter with Alex Partridge went viral, with clips from the episode racking up over 22 million views.
ADHD: Unmasked is an interactive, dopamine-filled evening where Hester shares how to embrace a fast-paced mind, practise self-compassion, and tap into the strengths of neurodiversity. She’ll also speak candidly about family life—raising two autistic/ADHD teenagers and living with her autistic/ADHD husband—as well as navigating ADHD in the workplace, friendships, relationships, and late diagnosis.
Audience participation is welcome, with opportunities to ask questions throughout. Whether you’ve received a diagnosis or are just starting your journey, this event offers connection, laughter, and a sense of belonging. You’ll leave feeling empowered, informed—and most importantly—reminded that you are not alone.
Hester began her media career on Channel 5’s The Wright Stuff, going on to work with Loose Women and Today with Des and Mel. She has featured on BBC Radio 2, Radio 4, Radio 5 Live, and hosted her own show on BBC Radio Berkshire.
She has appeared on leading podcasts such as ADHD Chatter, The Hidden 20%, and ADHD Women’s Wellbeing Podcast, and her writing has been published by HuffPost, Evening Standard, Reader’s Digest, and Arabian Business.
Alongside her husband Kelly, Hester co-founded Perfectly Autistic, a neurodiversity consultancy providing training, talks, and coaching to support neurodivergent employees. Both were diagnosed with ADHD in their forties, after Kelly’s earlier autism diagnosis.
Hester says: “I’m so excited to tour the UK talking about ADHD—something I’m truly passionate about. Being diagnosed in my forties finally gave me the answers I’d been searching for my whole life. With growing awareness, so many people have questions and want to understand more. This evening will be fun, entertaining, and honest—and nothing’s off limits.”
ADHD: Unmasked comes to the Torch Theatre on Friday 6 June at 7:30pm.
Tickets: £26
Book online at www.torchtheatre.co.uk or call the Box Office on (01646) 695267.

News
Pembroke Dock boy walks out with Spurs captain at Stamford Bridge

AN EIGHT-YEAR-OLD boy from Pembroke Dock had the experience of a lifetime on Thursday night (Apr 4), when he was selected as the official mascot for Tottenham Hotspur in their Premier League clash against Chelsea at Stamford Bridge.
Joey Williams, a pupil at Pembroke Dock Community School, walked out onto the pitch hand-in-hand with Spurs’ team captain, Son Heung-min, in front of a packed stadium and millions of viewers watching around the world.

The once-in-a-lifetime opportunity was part of Tottenham Hotspur’s official mascot programme. Joey, who recently turned eight, travelled to London with his family to take part in the unforgettable event.
His proud mum, KatieJane Solomon, told The Herald: “My son lives in Pembroke Dock and was chosen to be mascot for the Chelsea vs Tottenham game tonight. He walked out with Son Heung-min!”
“He’s a very big Spurs fan so we signed him up to be a member on there website about a year ago and he was very lucky selected at random last month.”
The Premier League clash ended in high drama, but for Joey, the biggest highlight was walking out alongside his football heroes.


News
Trump’s tariffs threaten Welsh exports as luxury carmakers face uncertain future

Aston Martin and TVR among firms at risk from new US automotive import tax
WELSH exporters have been dealt a major blow after former US President Donald Trump announced sweeping new tariffs on UK goods, including a 25% tariff on all automotive imports into the United States, sparking concern across Wales’ high-value manufacturing sector.
The announcement, made on April 2, also includes a 10% baseline tariff on all UK imports into the US, taking effect from April 5. These new charges come on top of previously announced 25% tariffs on steel, aluminium and automotive parts, with only a limited number of product exemptions such as pharmaceuticals and semiconductors.
The United States is Wales’ second largest export market, accounting for 13.5% of total goods exports. In 2024, Welsh goods trade with the US was valued at £6.4bn, with £2.2bn in exports and £4.2bn in imports. Of the 3,188 Welsh firms that exported goods globally in 2024, over a third (33.4%) exported to the US.
While Welsh exports span sectors from steel to technology, some of the hardest-hit businesses could be those involved in high-end automotive manufacturing—a sector that Wales has been nurturing in recent years.
Luxury carmakers in the firing line
Aston Martin’s factory in St Athan, Vale of Glamorgan, opened in 2020 to manufacture the DBX luxury SUV, has been a flagship project for Welsh industry. With many of these vehicles aimed at wealthy international buyers, particularly in the US, a 25% tariff could significantly hinder their competitiveness abroad.
Similarly, TVR’s long-awaited revival, with plans to produce its new Griffith sports car in Ebbw Vale, is expected to rely heavily on overseas sales, including to American car enthusiasts. Any additional import taxes on these cars could make them prohibitively expensive in the US market—potentially delaying investment and job creation in the Welsh factory.
Both brands represent the premium end of British automotive design and were supported by the Welsh Government as part of a strategy to attract advanced manufacturing jobs.
Welsh Government: “Far-reaching impacts”
Reacting to the announcement, Rebecca Evans MS, Cabinet Secretary for Economy, Energy and Planning, expressed “deep concern” about the likely effects of the tariffs.
“Whilst it is a small relief to see that the tariffs applied to UK imports are lower than those imposed on the EU, a 10% tariff represents a significant rise for most products,” she said.
“These changes will affect almost all of our businesses that export to the US.”
Evans said the Welsh Government remains in close contact with Westminster and is working with business and industry leaders to assess the fallout. Support will be available through existing business support programmes, and regular updates will be provided as the full impact becomes clearer.
Could there be an upside for UK consumers?
Amid the gloom, some experts suggest UK consumers might see short-term benefits, especially in the used car market.
Aidan Rushby, CEO of car finance company Carmoola, said the tariffs could create a glut of nearly-new and unsold stock that ends up staying in the UK.
“If British manufacturers struggle to sell into the US, we could see more cars redirected to the domestic market, which may mean better deals for UK consumers,” he said.
“An economic wobble caused by global trade tensions could also push used car prices lower as demand softens. That’s good news for buyers, but for current car owners, it could mean faster depreciation.”
Rushby added that it’s more important than ever for buyers to stay informed and work with responsible lenders.
Renewable energy sector raises alarm
It’s not just manufacturing that could suffer. Jane Cooper, Deputy Chief Executive of RenewableUK, warned that the broader fallout from tariffs and trade disputes could stifle green innovation and investment.
“These tariffs, combined with the US Government’s recent moves to halt offshore wind development, will mean UK and American companies will miss out on opportunities to trade, invest and collaborate in clean technology,” she said.
While trade in renewable goods between the UK and US is limited, Cooper said many UK-based manufacturers operate across Europe, and the disruption to supply chains could be significant.
Business leaders urged to prepare
The Institute of Directors (IoD) North Wales hosted a key event last week in Bangor, where industry experts briefed Welsh businesses on how best to navigate the evolving trade landscape.
David Roberts, Chair of North Wales IoD, said: “From global trade concerns such as Trump’s tariffs, to local investment opportunities in Flintshire and Wrexham, it’s vital that Welsh firms stay informed and resilient.”
Despite reassurances, there are no current plans for the UK to retaliate. The UK Government is seeking a negotiated solution with the US and has opened a consultation to assess the impact on British businesses.
For now, Welsh exporters—and especially those in automotive and high-tech sectors—face a turbulent road ahead.
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