Tag: renewables

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....

Last week, Tesla announced they will no longer accept Bitcoin as payment for vehicles. In a timely episode, Alex Gladstein, chief strategy officer at the Human Rights Foundation, and James McGinniss, CEO and co-founder of David Energy, come onto the show to discuss Bitcoin, the petrodollar, and how to contextualize the energy usage of the first cryptocurrency (BTC) versus the leading fiat currency...

Bitcoin may be the key piece in solving the growing demand for energy usage outpacing our ability to capture and store energy from the sun.The stage has been set for Bitcoin to incentivize renewable energy and power a greener future. Tesla and Elon Musk have the technology and ingenuity to solve one of the greatest challenges facing humanity. A dawn of optimism...

Bit Digital will be colocating in Compute North facilities to leverage its renewable-energy-focused design for bitcoin mining.Bit Digital, one of the largest bitcoin mining companies in North America by hash rate, is expanding its operations by colocating in Compute North facilities, adding an additional 40 megawatts of hashing power with 13,000 new ASIC miners to its arsenal, according to a...