Tag: energy consumption

Dec 01 2022

Turning Garbage Into Digital Gold: The Rise Of Landfill Bitcoin Mining

Powering bitcoin mining operations with landfill waste is the latest trend in sector growth as miners capitalize on wasted and stranded energy resources.Powering bitcoin mining machines with literal garbage is an emerging trend within the mining sector as a crop of new companies focus on harnessing this abundant and otherwise wasted energy resource. Contrary to the prevalent political narrative that bitcoin mining...

Nov 05 2022

Research: A fresh take on Bitcoin mining – Why using more energy can lead to abundance

Bitcoin mining and its energy consumption have recently been the subject of many heated debates. As governments and institutions around the world keep introducing new measures to combat pollution and climate change, Bitcoin's energy-guzzling network sticks out like a sore thumb. Various data aggregators and trackers work around the clock to provide the market with the exact amount of energy the network...

Research: The data behind Bitcoin’s energy FUD – Bitcoin mining consumes more electricity than…

Did you know that the amount of electricity consumed by the Bitcoin network in a single year could satisfy the total electricity needs of the entire University of Cambridge for 758 years … could power all tea kettles used to boil water in the UK for 23 years? One of the biggest elements of FUD (Fear Uncertainty and Doubt) in Bitcoin is that...

Oct 24 2022

Environmentalist Attacks On Bitcoin Mining Are Intensifying

Misleading attacks on bitcoin mining energy use are intensifying, and investors need to be aware of the adversaries that they face.This is an opinion editorial by Zack Voell, a bitcoin mining and markets researcher.For most of Bitcoin's short history, discussions over how much energy the global network uses to process and record transactions has been a...

Oct 10 2022

In Remote Northeast Ireland, This Bitcoin Miner Is Turning Biogas Into Sats

A proof of concept on a farm in Ireland demonstrates how bitcoin mining can create value from methane and carbon dioxide waste.This is an opinion editorial by John Quigley, a Bitcoin mining researcher and digital nomad from Ireland. A version of this article was originally published on Adaptive Analysis....

Sep 26 2022

Despite Financial Times FUD, Bitcoin Is Not Crypto

Too many continue to conflate Bitcoin with cryptocurrencies, but those arguments can be dismantled, step by step.This is an opinion editorial by Federico Rivi, an independent journalist and author of the Bitcoin Train newsletter.Would you say that soccer and baseball are part of the same industry because both playing fields are covered with grass and in both games a ball is...

Sep 21 2022

The Environmental Myth Of Proof Of Stake

Enriching people for low-energy services won’t save the environment, only proof of work builds a sustainable future.This is an opinion editorial by Level39, a researcher focused on Bitcoin, technology, history, ethics and energy.The notion that Ethereum’s recent “Merge,” from proof of work to proof of stake, reduces energy consumption...

Sep 10 2022

Bitcoin And Making Sense Of The European Crisis

As the European energy crisis peaks, the larger implications for the world economy and bitcoin are becoming apparent.“Fed Watch” is a macroeconomic podcast, true to bitcoin’s rebel nature. In each episode, we question mainstream and Bitcoin narratives by examining current events in macroeconomics from across the globe, with an emphasis on central banks and currencies.In this episode, CK...

Sep 08 2022

The Energy Crisis Will Turn The Money Printers Back On, But Only Bitcoin Can Solve It

The only way out of this mess is to adopt a money that is extremely hard for the unproductive class to corrupt. That money is bitcoin.The below is a direct excerpt of Marty's Bent Issue #1258: “The energy crisis is going to turn the money printers back on faster...

Sep 02 2022

Bitcoin Miners Should Take Solar Energy Plus Storage More Seriously

Bitcoin miners now have a lucrative opportunity as the trend in pairing batteries with solar energy plants accelerates.This is an opinion editorial by Ali Chehrehsaz, a mechanical engineer with 16 years of experience in the energy industry.This article will outline how collecting solar energy and storing it can provide a powerful dynamic for bitcoin mining operations by outlining that:...

Aug 19 2022

The Continual Power Of Intermittent Bitcoin Mining

Bitcoin mining operations are finding profitable ways to power up and down intermittently to match their energy sources.Many aspects of the Bitcoin mining industry are poorly understood and often misrepresented. But one practice in this sector stands apart for the misunderstandings and underappreciation that surround it: intermittent...

Aug 10 2022

Despite Challenges, Nigerian Bitcoin Miners Are Poised To Profit

Nigeria is leading Africa in Bitcoin adoption, and miners there are overcoming regulatory and power grid challenges to find economic freedom.This is an opinion editorial by Emeka Ugbah, host of the “Bitcoin This Blockchain That” podcast based in Rwanda.Imagine that you are nursing a cup of caffé mocha in a coffee shop in Lower Manhattan. Then you overhear this African-looking...

Jul 29 2022

Africa Is Poised For A Bitcoin Mining Boon

Surging general interest in Bitcoin, ideal energy sources and other facts make Africa an ideal region for growing bitcoin mining operations.Mining headlines are typically filled with mentions of North America and...

Jul 16 2022

Who Says Bitcoin Mining Needs To Be Profitable?

In addition to profits, bitcoin mining can also offer consistent electricity demand and can clean up the air by utilizing electricity made from wasted methane.This is an opinion editorial by Mickey Koss, a West Point graduate with a degree in economics. He spent four years in the infantry before transitioning to the Finance Corps.I’ve heard some recycled fear, uncertainty and doubt...

Jun 27 2022

Ethereum Energy Consumption Sees Sharp Decline As Mining Profitability Drops

Ethereum energy consumption had been on the rise through 2021. Most of it had been triggered by the bull market which had brought renewed interest to the market. However, with the market now finally headed into the dreaded bear trend, the interest in the blockchain has waned. As a result, activity on Ethereum is down and what this has translated to is a...

Jun 26 2022

Why My Energy Company Pays Me For Running A Bitcoin Miner At Home

Cycling home bitcoin miners with peak energy consumption times and capturing their excess heat help make the case for small-scale mining.Decentralization is a core ethos of Bitcoin. In this article, I will discuss the importance of keeping Bitcoin mining decentralized with widespread, small-scale mines. The future is competitive.Large Bitcoin mines have economies-of-scale advantages and are able to...

Jun 23 2022

Discussing How Bitcoin Can Unlock Thermal Energy From The Ocean

A conversation about Level39’s recent article about using thermal energy from the ocean to generate electricity and mine bitcoin with the excess.This is a recording of a recent Twitter Spaces conversation about Level39’s “How Bitcoin Can Unlock The Energy Of The Ocean For 1 Billion People.”...

Jun 17 2022

Bitcoin Mining Could Be The Answer To Nigeria’s Inflationary Crisis

Renewable energy potential, wide adoption and deflationary fiat make Nigeria the perfect home for extensive bitcoin mining operations.This is an opinion editorial by Heritage Falodun, a software engineer and co-host of the “Bitcoin In Nigeria” podcast.The aim of this work is to give a brief, concise but insightful elucidation around the economic meltdown and environmental degradation in Nigeria,...

Jun 13 2022

Why Bitcoin Mining Is Taking Off In The Lone Star State

A combination of unique energy infrastructure, favorable policy and unique incentives is making Texas the Bitcoin mining capital of the U.S.By its nature, Bitcoin mining is energy intensive and incentivizes the use of cheap energy to turn a profit. Bitcoin miners have started to flock to Texas because of the...

Jun 02 2022

White House To Craft Bitcoin Mining Policy Addressing Energy Use: Report

The Biden administration is reportedly crafting policies intended to lower energy consumption and emissions from bitcoin mining.The White House is drafting policy to address bitcoin mining as it seeks to lessen energy consumption and emissions. In March 2022, President Biden signed an executive order in a “whole of government” approach to regulate the broader cryptocurrency market. Per...

Know a good blog/source that is not listed? Contact us or fill the form below to add one: