News
Bitmain rolled out its efficiency-focused Antminer S21 at the WDMS, and Bitcoin miners shared their plans for boosting productivity via green energy.
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Energy News
Energy for blockchain products is one of the main topics of discussion for the development process of the cryptocurrency industry. As Bitcoin mining is very demanding in terms of energy usage and has become even harder to do over time, Bitcoin’s proof-of-work algorithm has been altered in other, less consuming algorithms for new cryptocurrencies. Bitcoin’s influence on the energy sector is hard to overestimate. Bitcoin energy consumption is currently taking more energy than most countries on the planet. This is not just the reason for the large profits in the energy industry but also a warning for the environment, as it is a threat to the climate with an amount of 20 megatons of CO2 emission per year. The reduction of the energy consumption for cryptocurrencies is also an important task as government environmental policies may become an obstacle for the blockchain industry.
- Analysis
The next generation of crypto mining will focus on alternative energy sources for efficiency.
4830 - Markets News
Charles Edwards of Capriole Investments says that despite the current headwinds, Bitcoin’s fair value sits at $45,000.
5079 - News
Iris Energy has invested $10 million in the latest generation of Nvidia GPUs to explore generative AI while it continues to focus on Bitcoin mining.
34331 - Podcast
Energy Web CEO Jesse Morris explains why blockchain can make “going green” more efficient, how fighting climate change is easier, and why Energy Web is building on Polkadot.
3090 - Opinion
Bitcoin mining is becoming more sustainable thanks to things like hydro-cooling farms and associated petroleum gas — undermining environmental criticism.
5034 - Follow up
References to the tax were removed from the U.S. debt bill, but that doesn’t mean it’s gone for good.
8911 - Video
Investing in assets "outside of the traditional financial system” is the only way to preserve one’s wealth, according to the former BitMEX CEO.
20565 - News
A Singapore-based fund manager will purchase Mawson Infrastructure Group's Texas subsidiary and said it will participate in the state energy grid’s load response program.
11607 - News
“I’ve been ringing the alarm about the risks that Bitcoin poses to our power grids and climate,” said Senator Warren, agreeing with a New York Times article on the matter.
3451 - Video
Tom Campbell, an Irish dairy farmer who runs a farm in County Armagh, is using excess energy from his farm to mine Bitcoin.
7182 - Overview
Blockchain’s transparency and traceability can aid sustainability and reduce carbon emissions for climate change.
3491 - Spotlight
A mining pool with a green focus is bringing sustainability to the Bitcoin mining sector.
15666 - Overview
Modern technologies that don’t rely on electricity include solar calculators, mechanical watches, bicycle-powered generators and more.
4857 - News
With the tough conditions that faced Bitcoin miners last year, Iris’ co-founder said the purchase was a “significant milestone” for the company.
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