Tag: renewable energy

Sep 16 2022

Bitcoin mining and electricity consumption explained

Bitcoin mining consumes a whole lot of electricity, even more than those consumed by nations. This article further delves in to this topic and explains why this phenomenon is so. Bitcoin mining is the method through which new bitcoins are placed into circulation. Bitcoin mining is laborious, expensive, and only seldom profitable. However, because miners […] The post...

Bitcoin mining and electricity consumption explained

Bitcoin mining consumes a whole lot of electricity, even more than those consumed by nations. This article further delves in to this topic and explains why this phenomenon is so. Bitcoin mining is the method through which new bitcoins are placed into circulation. Bitcoin mining is laborious, expensive, and only seldom profitable. However, because miners […] The post...

Sep 14 2022

How Bitcoin Mining Can Mitigate Renewable Energy Waste

Bitcoin miners, being the unique power consumers they are, can be a possible solution to the problem of renewable energy waste. Bitcoin Mining Can Be Utilized To Use Up Excess Power Produced By Renewables As per the latest weekly report from Arcane Research, the flexibility of BTC miners...

BlockFills to Offer ESG Credits to Miners

The company said that it is working with Isla Verda Capital to sell carbon offsets to miners who get their power from renewable energy sources. BlockFills, a company that provides crypto financial services and technology, is working with Isla Verde Capital to offer environmental credits to crypto miners to help them make up for the […] The post BlockFills...

Aug 24 2022

Tron Energy Usage Way Too Less Than Top Cryptocurrencies: Latest Report

Aug 24 2022 Published at Coingape under tags  news renewable energy tron

Tron's energy usage is relatively very less than that of some of the biggest cryptocurrencies, according to a latest report....

Jul 21 2022

Bitcoin Is A Net Benefit To The Environment

Bitcoin mining incentivizes energy usage that is better for the environment by easing the transition from fossil fuels to wind and solar energy.Watch This Episode On YouTubeListen To The Episode Here...

Jun 03 2022

New York State To Place Moratorium On Non-Renewable Bitcoin Mining

New York’s Senate just voted to place a two-year moratorium on the bitcoin mining industry preventing new applications and renewals for carbon-based mining.New York’s State Senate has passed a bill in a 36-27 vote placing a two-year moratorium on proof-of-work (PoW) cryptocurrency mining with fossil fuels, the method used for mining bitcoin....

Jun 01 2022

Quality Of Life Is Defined By Energy Use

Harry Sudock of Griid qualifies Bitcoin as a responsible use of energy and shares his perspective on the benefits of bitcoin mining for rural areas.Watch This Episode On YouTubeListen To The Episode:...

May 09 2022

How Bitcoin Will Help Solve the Climate Crisis

The Bitcoin network is more efficient compared to our current financial system, so any concerns about its energy use are completely unfounded.Watch The Whiteboard Video HereIn this article, we are going to dive into Bitcoin’s impact on the environment.Since the rise of Bitcoin, the...

Mining Bitcoin With Energy Stored In Waste Tires

PRTI has discovered a way to demanufacture old car tires, turning them into sources of energy, some of which is then used to mine bitcoin on-site.The ProblemThe wheel is often touted as one of the...

May 05 2022

Bitcoin Will Use Energy And It Doesn’t Need To Be Renewables

Energy usage is not something from which we should shy away. Bitcoin miners are already doing the hard work that is making the world a better place.The below is a direct excerpt of Marty's Bent Issue #1203: "Do not cede the frame. Energy usage is good."...

May 04 2022

Bitcoin Miner Marathon Digital Eyes 199,000 Miners, Holds over 9,000 BTC

Marathon Digital Holdings announced its April 2022 mining production updates noting over 9,000 BTC held in reserves and plans for a total mining fleet of 199,000.Marathon Digital Holdings, one of the largest North American bitcoin- miners, released its production and mining operations update for April 2022. Total bitcoin holdings equal 9,673 BTC valued at $377.2 million with YTD production...

May 02 2022

Bitcoin Is ‘A Liquid Alternative To Cash’ Says Elon Musk’s Tesla

In a recent SEC filing, Tesla explained bitcoin’s liquidity use case while outlining its “long-term potential.”In a recent SEC filing, Tesla doubled-down on its bitcoin investment as “a liquid alternative to cash” thesis.Tesla experienced a rocky path from buying bitcoin, to accepting it as payment, and later removing it as a payment method over environmental concerns. Tesla also...

Apr 28 2022

Bitcoin Miner CleanSpark Gains Proof Of Renewable Mining In New Partnership

CleanSpark partnered with Sustainable Bitcoin Standard to deliver certificates authenticating that bitcoin was mined with renewable energy.Bitcoin mining company CleanSpark has partnered with Sustainable Bitcoin Standard to deliver proof of sustainable mining practices. SBS provides Sustainable Bitcoin Certificates, which function as proof that bitcoin was mined with renewable energy....

Apr 26 2022

Bitcoin Miner CleanSpark Raises $35 Million In Financing From Trinity Capital

CleanSpark closed a $35 million, non-dilutive financing deal by collateralizing over 3,000 miners with a 9.9% interest rate to fuel growth expenditures.CleanSpark has closed $35 million in non-dilutive financing from Trinity Capital Inc. The loan is collateralized by 3,336 S19j Pro miners at a 9.9% interest rate. CleanSpark intends to use the financing to fuel growth capital...

Apr 16 2022

The Energy System Benefits From Bitcoin Mining

Bitcoin strengthens the grid due to the incentivization of energy production. It supports the people who need electricity and miners as buyers of last resort.Illiteracy is a peril of the trade for anyone working in the technology sector. New technologies tend to be met with resistance until they’re broadly understood, and sadly, policymakers and regulators are frequently guilty of the most egregious...

Apr 05 2022

What Is Behind Norway’s Booming Bitcoin And Crypto Interest?

In the fourth survey about crypto adoption ran in Norway by Arcane Research and Ernst & Young (EY) in 2018, they find that the industry is booming in the country with the levels of ownership that have doubled from 5% to 10%. Moreover, bitcoin miners seem to be attracted to several traits of the country....

Mar 31 2022

Bitcoin Miner CleanSpark Signs 200-MW Power Agreement

CleanSpark’s power agreement with Texas-based Lancium is expected to eventually trigger a five-fold increase in its bitcoin mining hashrate capacity.CleanSpark is adding 200 megawatts of renewable power to its bitcoin mining operations in West Texas over the next year through an agreement signed with energy technology company Lancium as the miner seeks to increase its current hashrate capacity five-fold.The...

Feb 12 2022

The Norwegian Bitcoin Mine That Uses Green Energy And Dries Wood As A By-Product

Another day, another bitcoin mine that uses green energy to operate. We have to highlight these initiatives to show how bitcoin and green energy are a complete match. They’re not at odds with each other as the FUDers want you to think. This time, it was...

Feb 11 2022

Kryptovault is breaking myths about the unsustainability of Bitcoin mining

Kryptovault, a Norwegian data center provider and operator, is also the largest Bitcoin miner in the country. The company's 54,000 square feet farm, located some 40 miles west of Oslo, has put itself at the forefront of the battle for Bitcoin and is pushing back at the prevailing narrative about the unsustainability of mining. The company operates 6,500 miners but plans to have...

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