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.
Crime
Swansea man dies weeks after release from troubled HMP Parc: Investigation launched
A SWANSEA man has died just weeks after being released from HMP Parc, the Bridgend prison now at the centre of a national crisis over inmate deaths and post-release failures.
Darren Thomas, aged 52, died on 13 November 2025 — less than a month after leaving custody. The Prisons and Probation Ombudsman (PPO) has confirmed an independent investigation into his death, which is currently listed as “in progress”.
Born on 9 April 1973, Mr Thomas had been under post-release supervision following a period at HMP/YOI Parc, the G4S-run prison that recorded seventeen deaths in custody in 2024 — the highest in the UK.
His last known legal appearance was at Swansea Crown Court in October 2024, where he stood trial accused of making a threatening phone call and two counts of criminal damage. During the hearing, reported by The Pembrokeshire Herald at the time, the court heard he made threats during a heated call on 5 October 2023.
Mr Thomas denied the allegations but was found guilty on all counts. He was sentenced to a custodial term, which led to his imprisonment at HMP Parc.
Parc: A prison in breakdown
HMP Parc has faced sustained criticism throughout 2024 and 2025. A damning unannounced inspection in January found:
- Severe self-harm incidents up 190%
- Violence against staff up 109%
- Synthetic drugs “easily accessible” across wings
- Overcrowding at 108% capacity
In the first three months of 2024 alone, ten men died at Parc — part of a wider cluster of twenty PPO-investigated deaths since 2022. Six occurred within three weeks, all linked to synthetic drug use.
Leaked staff messages in 2025 exposed a culture of indifference, including one officer writing: “Let’s push him to go tomorrow so we can drop him.”
Six G4S employees have been arrested since 2023 in connection with alleged assaults and misconduct.
The danger after release
Deaths shortly after release from custody are a growing national concern. Ministry of Justice data shows 620 people died while under community supervision in 2024–2025, with 62 deaths occurring within 14 days of release.
Short sentences — common at Parc — leave little time for effective rehabilitation or release planning. Homelessness, loss of drug tolerance and untreated mental-health conditions create a high-risk environment for those newly released.
The PPO investigates all such deaths to determine whether prisons or probation failed in their duties. Reports often take 6–12 months and can lead to recommendations.
A system at breaking point
The crisis at Parc reflects wider failures across UK prisons and probation. A July 2025 House of Lords report described the service as “not fit for purpose”. More than 500 people die in custody annually, with campaigners warning that private prisons such as Parc prioritise cost-cutting over care.
The PPO investigation into the death of Darren Thomas continues.
Crime
Woman stabbed partner in Haverfordwest before handing herself in
A WOMAN who stabbed her partner during a drug-fuelled episode walked straight into Haverfordwest Police Station and told officers what she had done, Swansea Crown Court has heard.
Amy Woolston, 22, of Dartmouth Street in Milford Haven, arrived at the station at around 8:00pm on June 13 and said: “I stabbed my ex-partner earlier… he’s alright and he let me walk off,” prosecutor Tom Scapens told the court.
The pair had taken acid together earlier in the day, and Woolston claimed she believed she could feel “stab marks in her back” before the incident.
Police find victim with four wounds
Officers went to the victim’s home to check on him. He was not there at first, but returned shortly afterwards. He appeared sober and told police: “Just a couple of things,” before pointing to injuries on his back.
He had three stab or puncture wounds to his back and another to his bicep.
The victim said that when he arrived home from the shop, Woolston was acting “a bit shifty”. After asking if she was alright, she grabbed something from the windowsill — described as either a knife or a shard of glass — and stabbed him.
He told officers he had “had worse from her before”, did not support a prosecution, and refused to go to hospital.
Defendant has long history of violence
Woolston pleaded guilty to unlawful wounding. The court heard she had amassed 20 previous convictions from 10 court appearances, including assaults, battery, and offences against emergency workers.
Defending, Dyfed Thomas said Woolston had longstanding mental health problems and had been off medication prescribed for paranoid schizophrenia at the time.
“She’s had a difficult upbringing,” he added, saying she was remorseful and now compliant with treatment.
Woolston was jailed for 12 months, but the court heard she has already served the equivalent time on remand and will be released imminently on a 12-month licence.
News
BBC apologises to Herald’s editor for inaccurate story
THE BBC has issued a formal apology and amended a six-year-old article written by BBC Wales Business Correspondent Huw Thomas after its Executive Complaints Unit ruled that the original headline and wording gave an “incorrect impression” that Herald editor Tom Sinclair was personally liable for tens of thousands of pounds in debt.

The 2019 report, originally headlined “Herald newspaper editor Tom Sinclair has £70,000 debts”, has now been changed.
The ECU found: “The wording of the article and its headline could have led readers to form the incorrect impression that the debt was Mr Sinclair’s personal responsibility… In that respect the article failed to meet the BBC’s standards of due accuracy.”
Mr Sinclair said: “I’m grateful to the ECU for the apology and for correcting the personal-liability impression that caused real harm for six years. However, the article still links the debts to ‘the group which publishes The Herald’ when in fact they related to printing companies that were dissolved two years before the Herald was founded in 2013. I have asked the BBC to add that final clarification so the record is completely accurate.”
A formal apology and correction of this kind from the BBC is extremely rare, especially for a story more than six years old.
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