Tag: renewables

The site furthers the company’s goals of providing mining hosting services to a retail audience using sustainable power sources.Sazmining, a bitcoin mining hosting solution provider, has launched their first hydroelectric-powered mining facility in Wisconsin, providing the company with a carbon-neutral source of electricity.According to a press release sent to Bitcoin Magazine, the facility will house...

Virunga National Park, located in Eastern Congo, is mining bitcoin to preserve revenue in the face of disease and militia attacks.Virunga National Park, located in the Democratic Republic of Congo, is Africa’s oldest protected space and a testament to the biodiversity and natural beauty of the continent. But the park has faced increasing pressure from local militia groups that have waged violent...

A new direction towards sustainable energy projects has been led with an investment into a Costa Rican bitcoin mining operation.Generation Hemp Inc., the largest mid-stream hemp processing entity in the U.S., has renamed itself Evergreen Sustainable Enterprises, Inc., citing a new directional focus on sustainable energy projects, with their first project involving a bitcoin mining operation in Costa Rica. ...

Miners will consume every last drop of wasted energy available, because they’re incentivized to do so.This is an opinion editorial by Robert Warren, partner at Distributed Hash and business development at Upstream Data Inc.The layperson knows only one thing about Bitcoin mining -- it uses a lot of energy, and that is bad. This mind-virus, successfully spread by the climate...

Bitcoin could enable humanity to take the next step in energy production and usage through the capabilities it unlocks.This is an opinion article by Ruda Pellini, co-founder and president of Arthur Mining.The world is no longer the same — it is constantly changing. And this transformation is happening increasingly faster. In reality, the “new normal” is a constant transformation and the...

Bitcoin is capable of reducing energy costs for consumers as opposed to the opposite-of-intended effects that renewables have.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.Part OneA common critique of Bitcoin is that it uses too much energy, yet...

Variable energy productions as a result of weather are guarantees of downtime and wasted money — so why incentivize them?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.Imagine if you will, a seller of items that only worked under certain...

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...

While a plan to leverage “volcano energy” is great marketing for El Salvador’s planned Bitcoin City, on its own, it might not be the best source....

The Bitcoin Magazine Policy Team invites Tesla and Elon Musk to reconsider their stance on the environmental impact of bitcoin.Dear Tesla and Elon Musk,In February 2021, Tesla became an industry leader in Bitcoin by accepting payment alongside Microsoft, PayPal, Starbucks, Overstock and Twitch. As Bitcoin users and supporters, we were obviously disappointed in May when Tesla announced that it would no...

Houston-based tech company Lancium enables Texas’ grid to dial power demand up and down through bitcoin mining.Lancium, a tech company focused on bitcoin mining, has raised $150 million to expand its renewable energy-run business model across Texas, CNBC reported.The Houston-based...

Blockstream and Macquarie collaborate to explore carbon-neutral alternatives for their joint investment in bitcoin mining.Bitcoin infrastructure company Blockstream and financial group Macquarie will be partnering to pilot a Bitcoin mining facility and explore alternative carbon-neutral energy sources to power such operations. The partnership, announced in a press release sent to Bitcoin Magazine today,...

As Bitcoin transforms the incentives around energy use, will solar power become the future of mining?There are two energy revolutions currently underway that complement one another: the revolution in human energy use, as greener or more sustainable options become a priority in the light of climate change, and the Bitcoin revolution that is driving a whole new frontier in how energy is...

Blockstream has announced Blockstream Energy, a new service that allows energy producers to maximize energy production efficiency and sell surplus electricity.Today, August 17, 2021, Blockstream announced their latest service, Blockstream Energy, which offers scalable energy demand to energy producers using Bitcoin’s proof of work (PoW), in a press release sent to Bitcoin Magazine.This new service...

A recent article on the environmental impact of Greenidge’s Seneca Lake mining operation is one of many misleading publications on bitcoin.It is with no hyperbole that I say the media industry has it out for Bitcoin. Whether it be for the massive engagement to be extracted from the buzzing digital asset keyword or a legitimate opinion on bitcoin mining, it appears that media...

An old hydro-power station in the U.S. has started mining bitcoin to make three times as much money as selling the energy.Bitcoin is helping increase the profitability of one of the oldest hydro-power stations in the U.S., the Mechanicville plant, as reported by Times Union. After decades of court...

The often cited “issue” in Bitcoin is misunderstood and misrepresented.Recently there has been a deluge of headlines about the environmental impact of mining bitcoin. Nearly every article, tweet, video, etc, cites Digiconomist and/or Cambridge as their primary evidence and says some version(s) of the following...

The bitcoin mining company will introduce a second facility located in South Carolina, a report outlines.According to a press release, Greenidge Generations Holdings, Inc. intends to establish a second bitcoin mining operation in South...

Daymak is accepting pre-orders for the car, which will be capable of mining bitcoin utilizing solar technology.The Daymak Spiritus will be the first automobile capable of mining bitcoin, according to a news...

The energy debate is misleading, and characterizes energy usage as an objectively measurable undertaking (which is not true).Bitcoin. Internal combustion engines. Netflix. Norton. Twitter. Facebook. Online banking. ATMs. Security cameras (and their systems). Printers. Lightbulbs. Christmas lights. Easy-Bake Ovens.Tinder....