Mining

Block, formerly named Square, and Blockstream team up to mine bitcoin off Tesla-supported solar power in Texas, as reported by CNBC. Bitcoin mining is seen as an activity that incentivizes the monetization of renewable power production. Tesla’s 3.8 megawatts solar PV array, along with 12 megawatt-hours Megapack, will power the bitcoin mining facility located in Western Texas. Block stated that “100% solar-powered bitcoin mining project with Blockstream, using solar and...

Après le Paris Blockchain Week Summit, l’antenne Kryptosphere [1] du Pôle Universitaire Léonard de Vinci organise le 15 avril le Kryptosphere Blockchain Summit. Cette journée sera articulée autour de trois tables rondes sur les thématiques suivantes : L’entreprenariat dans le monde de la Blockchain (10h30-12h) – Thibaut Boutrou (COO et co-fondateur – Just Mining) – Julien Henrot-Dias (CEO et co-fondateur DESKOIN) – Clément...

Litecoin Foundation, a community-run organization, committed to the development and adoption of Litecoin, announced a partnership with the digital currency mining platform AntPool to form LTC Labs. The newly established research laboratory will be dedicated to developing anonymous transactions, decentralized applications, Litecoin-based wallets, and other projects within the Litecoin ecosystem. Also, AntPool promised to donate half of its Litecoin mining earnings each month...

The American billionaire Mark Cuban is excited about Ethereum’s shift from a proof of work model to proof of stake for two key reasons. He believes the so-called Merge will significantly cut the protocol’s energy consumption, and it could turn Ether into a deflationary asset. ‘I’m Very Bullish’ This summer, Ethereum is expected to change its infrastructure from the energy-intensive mining model PoW to PoS, making the blockchain protocol less harmful to the environment. Many...

The newly developed processor for the proof-of-work algorithm can deliver up to 580 GH/s hash rate and can operate up to 26 J/TH power efficiency. The tech giant believes the new processing chip, Blockscale ASIC, will be a gamechanger that empowers blockchain applications to maintain decentralization via proof-of-work while asserting the principle of environmental sustainability. Scalability and Sustainability Intel, one of the largest semiconductor chips manufacturers in...

Das Betreiben von Rechenparks zum Mining bleibt lukrativ. Schätzungen zufolge wurden alleine im letzten Jahr Bitcoins im Wert von rund 15 Milliarden Euro geschürft. Ebenso gigantisch wie der Gewinn der Miner sind jedoch die Kosten für das Klima. Deshalb haben sich Klimaaktivisten zusammengeschlossen um gemeinsam für einen Wechsel auf „Proof-of-Stake“ zu werben. Unter dem Titel “Change the Code, Not the Climate” werden momentan Zeitungsanzeigen...

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Adrian Grenier – an American actor best known for his role as Vincent Chase in the TV series “Entourage” – opined that cryptocurrencies can “fix a lot of the systems that are broken currently.” He also defended bitcoin mining, which many criticize due to environmental concerns. ‘Crypto Can Fix Many Industries’ It is safe to say that in current times of post-pandemic crisis, military conflicts, and surging inflation, the global financial system needs a shot in the arm. A vast...

Digital Power Optimization, Inc. has joined hands with a hydroelectric power producer and a billion-dollar family office to establish a new green-powered company known as Cascade Digital Power. The company’s goal will be to mine digital currencies and provide mining services like repairs and maintenance to crypto projects throughout the U.S. while utilizing 100 percent renewable energy. The move is slated to bring down the carbon footprint of what has long been...

According to a recent report from Arcane Research, Norway has become an attractive hub for the Bitcoin mining industry. Not only does the nation produce close to 1% of the global hash rate, but it is entirely powered by renewable energy. Why Norway? When Norway is mentioned in the context of BItcoin, it is often to highlight Bitcoin’s intense energy consumption. As Forbes noted last May, Bitcoin miners cumulatively absorb more energy than some small countries – Norway being...