Mining

The Proof-of-Work (PoW) consensus mechanism, which relies on crypto mining to validate transactions, is a pioneering concept that, in fact, pre-existed Bitcoin. But it is often criticized due to its environmental impact. Many proponents of clean energy consider high energy consumption to be an “Achilles Heel” for Bitcoin. The latest to weigh in on the matter was Solana’s co-founder, who gave his two cents on why BTC should make the transition. Anatoly Yakovenko, the...

Crusoe Energy Systems: Halbe Milliarde für Bitcoin-Miner, die überschüssiges Gas abfackeln. Crusoe Energy Systems erhält sage und schreibe eine halbe Milliarde für Bitcoin-Miner, die überschüssiges Gas abfackeln. Gas verbrennen = Geld verbrennen? Nicht bei Crusoe Energy Systems! Das Unternehmen aus Denver im US-Bundesstaat Colorado hat das Verfahren der „Digital Flare Migitation“ entwickelt, das aus Gas bares Geld macht. Die gewonnene Energie wird...

Several crypto mining firms are trying very hard to transition to renewable energy. Crypto Mining Energy Sources Are Still Points of Heavy Arguing The arguments surrounding crypto mining have been permeating the space for years. While there are some analysts and industry heads out there who claim the space is not as damaging to Earth’s atmosphere as one would think, there are many environmentalists who claim otherwise, no matter what’s thrown at them. It also doesn’t...

Denver-based Bitcoin miner Crusoe Energy Systems has announced closing a $350 million Series C equity offering. Expansion to the US and internationally, as well as onboarding more employees in the team, are some of the main objectives that Crusoe has following the event. Crusoe Funding Round According to the official blog post, Crusoe’s $350 million in equity financing witnessed the participation of G2 Venture Partners and a group of prominent technology, energy, climate, and...

Why do I have to complete a CAPTCHA? Completing the CAPTCHA proves you are a human and gives you temporary access to the web property. What can I do to prevent this in the future? If you are on a personal connection, like at home, you can run an anti-virus scan on your device to make sure it is not infected with malware. If you are at an office or shared network, you can ask the network...

The U.S. government has just sanctioned the first cryptocurrency mining company, which also happens to be from Russia. This comes a day after the IMF warned that Russia could potentially evade economic sanctions by mining cryptocurrencies. On April 20, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) sanctioned BitRiver, a cryptocurrency mining company based in Moscow, prohibiting any business relations with U.S. citizens. According to the statement,...

A crypto mining facility in Wichita Falls (part of Clay County, Texas) has been active for some time. The funny thing is that nobody seemed to notice it. Texas Is a Big Crypto Mining Haven The mining facility has been extracting bitcoin and other forms of digital currency for several months. Judge Mike Campbell once joked that there were more cows than people in the area that the mining facility had made its home in. Developed by Dexa Resources, the company is taking...

Greenridge Generation – a power generation and Bitcoin mining company – reportedly faces an “uphill battle” in staying compliant with New York state’s environmental law. The Department of Environmental Conservation (DEC) is currently under pressure from a regional activist group to have the facility shut down. The Fight to Reach Emissions Targets In a conversation with WSKG news, DEC Commissioner Basil Seggos said that he has “significant concerns” as to whether the mining...

A PC gaming electronics researcher made headlines in the PC world this week after finding a way to boost the computational efficiency of the Nvidia RTX 3090 card per kWh. That could save the GPU crypto mining community some coin on the electric bill. In Chemnitz, Germany, a one-man hobbyist PC gaming researcher by the name of Igor Wallossek recently found a way to cut the power consumption of the Nvidia RTX 3090. A report about the home lab electronics caper by Hassan Mujtaba...

Block Stream, Block, and Tesla are all teaming up to mine bitcoin using solar energy in Texas. Texas Continues to Grow Its Mining Space Solar and storage technology is being provided by Tesla. In an interview, Adam Back – the CEO and co-founder of Block Stream – explained that the company is going to be a massive experiment in that it will be one of the first crypto mining firms to be fully powered by renewable energy. He says: People like to debate about the different...