Tag Archives: Bitcoin Mining

Crypto miners in Texas must get approval from ERCOT to connect their rigs to the state’s power grid. Texas Requires New Permissions Before Crypto Can Be Mined It has come to the attention of the crypto world that Texas has become the place to be if one wants to set up a crypto mining business. The state provides vast open spaces and low electricity rates, and it appears many miners have moved their operations to the state to take advantage of Texas’ offerings. The state...

Das Bitcoin-Netzwerk soll mit Wind- und Solarstrom betrieben werden. Stromintensives Mining und Vorwürfe von Umweltkritikern war gestern – zumindest, wenn es nach den beiden Tech-Grössen Jack Dorsey und Adam Back geht. Die beiden Firmenchefs möchten sich in Texas zusammen tun und eine CO2-emissionsneutrale Bitcoin-Mining-Farm auf die Beine stellen, welche ihren Strom aus einer Solaranlage bezieht. Als Stromspeicher sollen die Megapacks des...

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...

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...

The US-based cryptocurrency mining and infrastructure startup – Prime Blockchain Inc. (PrimeBlock) – will reportedly become a publicly-traded company. The organization plans to merge with a blank-check firm in a $1.25 billion deal, including debt. According to a recent Reuters coverage, bitcoin mining company – PrimeBlock – will soon start trading as a publicly-traded company on Nasdaq after securing $300 million in equity financing from an affiliate of Cantor Fitzerald &...

Experts are saying that a simple switch in the bitcoin code would be enough to make the crypto mining process a lot safer for the planet. Mining Arguments Continue to Permeate the Space The arguments surrounding crypto mining have raged for years. While many say that crypto mining really doesn’t use as much energy as environmentalists think, others say the process is very damaging and will ultimately cause the planet to turn an irreversible corner. Men like Elon Musk,...

The city of Brenham in Texas has always been a major crypto mining hub. Many residents have taken to crypto mining as a hobby or as a means of earning extra funds. They do not employ expensive machines or have large warehouses filled with mining rigs to do this. Instead, they just do it out of their own homes, a testament to how loose the city has been with its regulations. Brenham, Texas Is Scaling Back Crypto Mining Energy Usage However, it looks like the city of...

As of Friday, the 19 millionth Bitcoin was officially mined, leaving only 2 million left to enter circulation. The Bitcoin network regularly produces new coins each time a block of transactions is added to its ledger. Each block is produced through a process called “mining”, whereby users race to solve a mathematical problem for completing the block using computer power. The first to produce the block is rewarded with the new Bitcoin, plus all relevant transaction fees. At...

Bitcoin Mining wird umweldfeundlich. In diesem Artikel steht warum. As of today, there are 19 million bitcoin in circulation. This means there are only 2 million left to be mined. Due to the maximum amount of bitcoin – 21 million – bitcoin is scarce. The inflow will only decrease in the coming years. When will the last bitcoin be mined? The bitcoin algorithm states that the last bitcoin will be mined around 2140. Thus, the mining of the...