Tag: renewable energy

Oct 10 2021

Can Bitcoin Save the Planet? This Lawmaker Highlights How BTC’s Mining Narratives Can Change

There has been a lot of criticism about Bitcoin (BTC), and the process of generating new coins through mining, which governments and even industry veterans claim are energy-intensive. The current view on the high energy demands of BTC has pushed China to crack down on mining activities by sending out all miners in the country. The post Can Bitcoin Save the Planet? This...

Crypto Crackdown: Bitmain to Stop Shipping Antminers to China This October

Bitmain, the largest Bitcoin mining equipment manufacturer in China has announced it will stop shipping its flagship product, the Antimer, to China in response to the regulatory crackdown ongoing in the country. As announced by the firm, the suspension of its Antminer shipping will commence on Monday 11th of October, and it will only affect The post Crypto Crackdown: Bitmain to Stop Shipping...

Sep 29 2021

The President Shows El Salvador’s Volcano Bitcoin Mining Rig’s “First Steps

Many people doubted Nayib Bukele’s Volcano Bitcoin Mining plans, but here we are. The president shared a video via Twitter in which we can see an El Salvador government-branded container arriving at the geothermal power plant. The reveal is that the container is full of Bitcoin mining rigs and you can see the technicians plugging them in. Bukele’s tagline is a mysterious “...

Jul 22 2021

What Did Musk, Dorsey, And Wood Say About ESG, Green Energy, And Bitcoin Mining?

The billionaires had a Zoom meeting yesterday, and it’s all crypto Twitter talks about today. Bitcoin should embrace ESG concerns, thinks Cathie Wood. Jack Dorsey hopes Bitcoin will bring world peace. Elon Musk doubled down on his sketchy views about the subject and wasn’t...

Jul 16 2021

Nuclear Powered Crypto Mining is Coming to America

There has been a lot of negative sentiment towards Bitcoin and crypto mining this year due to its energy consumption but greener options are now emerging. Tesla CEO, Elon Musk, kicked off the FUD with his comments on Bitcoin’s carbon footprint earlier this year. A massive crackdown on crypto mining operations in China followed and as a result,...

Jun 11 2021

MicroStrategy’s Michael Saylor Kickstarts the Bitcoin Mining Council Inviting Industry Players to Join

On Thursday, June 11, MicroStrategy chief Michael Saylor officially kickstarted the newly formed Bitcoin Mining Council thereby inviting industry players. The Bitcoin Mining Council basically aims to shift the dynamics of the...

Jun 10 2021

El Salvador Plans Renewable Bitcoin Mining With Volcanoes

Following on from the groundbreaking news that El Salvador has legalized Bitcoin as a currency, the country now plans to mine the asset with renewable energy. On Wednesday, forward-looking El Salvador President Nayib Bukele tweeted his intentions. He has instructed the state-owned geothermal electric company to propose plans for renewable energy Bitcoin mining facilities. The Central American country has a lot of volcanic...

Jun 04 2021

Bitcoin: Elon Musk’s True Intentions

There is no denying that Tesla and Elon Musk have made a huge impact on crypto markets this year. One analyst has delved deeper to figure out what he could really be up to. The two major moves for crypto markets this year have been correlated with Tesla and Elon Musk. The first was when the electric car maker announced its...

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