Bitcoin Mining Can Revolutionize Energy Industry & Its Use, Says Arcane Research

2022-9-4 19:00

A recent report by Arcane research indicates that Bitcoin mining has the potential to revolutionize the energy industry. 

According to the report, Bitcoin mining operations hold potential that is currently being underutilized.

The report continued that Bitcoin mining can solve real-world problems in the energy sector, considering the fact that one of the major problems hindering the asset’s mass adoption is concerns about its energy usage. 

Bitcoin mining can work alongside wind and solar grids, which can sometimes generate unstable and non-controllable energy, due to low reaction cost.

The research noted that Texas’ Electric Reliability Council already uses Bitcoin miners to partake in only high-demand response programs to “strengthens a vulnerable wind and solar-powered electricity grid.”

The report also identified that Bitcoin mining could play a role in ending gas flaring problems. This can be possible through the modification of Bitcoin mining rigs to function and operate near oil wells.

The research suggests that miners can set up their operations next to an oil well adding that a $1,000 investment in a Bitcoin mining system can reduce up to 6.32 tons of carbon dioxide yearly. The estimate is more than that of wind and solar energy which is cumulatively around 3 tons.

Bitcoin mining heat can warm up homes

The report noted that miners can repurpose Bitcoin mining heat for other projects.

According to the report, the heat can be used to warm up homes, offices, etc during winter, depending on its applications.

This way, the operational costs for heating homes and other infrastructures during winters can be significantly reduced.

The research comes at a time when Europe’s inflation hit above 9%. The soaring inflation has played a part in increasing the energy costs which have surged by over 38% in the last 30 days.

Bearing this in mind, Arcane Research wrote that “Bitcoin mining can strengthen electricity grids, improve the economics of renewable energy, mitigate natural gas flaring, and lower heating costs by repurposing the heat.”

For Be[In]Crypto’s latest Bitcoin (BTC) analysis, click here.

The post Bitcoin Mining Can Revolutionize Energy Industry & Its Use, Says Arcane Research appeared first on BeInCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Speed Mining Service (SMS) на Currencies.ru

$ 1.9622 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $1.9622 - H: $1.9622
Капитализация $205.406k Rank 99999
Доступно / Всего 104.68k SMS

research bitcoin industry arcane energy revolutionize mining

research bitcoin → Результатов: 126


Фото:

‘Really Un-Tethered?’ Bitcoin Price Manipulation Returns With New Research

Days after Tether (USDT) gained a higher market cap than Monero and Dash, new research has reignited suspicions that the altcoin “manipulated” Bitcoin prices.   Cryptocurrency Highs Fuelled By Tether The product of two researchers at the University of Texas, the paper — titled Is Bitcoin Really Un-Tethered? — claims to have identified potential evidence of direct price manipulation since November 2017.

2018-6-13 20:00


Фото:

Research shows Bitcoin’s price increased due to tether manipulation

The U.S. dollar-pegged tether has been used to support bitcoin’s price during market downturns, a new study published by University of Texas at Austin professors. The published study states that the researchers used “algorithms to analyze the blockchain data, we find that purchases with tether are timed following market downturns and result in sizable increases in bitcoin prices.

2018-6-13 19:31


Фото:

Bitmex to VIPs: Bitcoin Won’t Replace Fiat, Just a ‘Useful Niche,’ Enthusiasts ‘Naive’

Bitcoin Mercantile Exchange (Bitmex) released proprietary research reportedly geared toward their VIPs. Researchers find bitcoin core’s (BTC) deflationary aspects interesting for speculation and as a “payment system,” but predict it will ultimately not usurp government paper, describing the BTC phenomenon as simply a “useful niche,” and those who “think Bitcoin would result in a more […] The post Bitmex to VIPs: Bitcoin Won’t Replace Fiat, Just a ‘Useful Niche,’ Enthusiasts ‘Naive’ appeared first on Bitcoin News.

2018-6-11 10:30

Chainalysis: биткоин-киты контролируют долю рынка в $37,5 млрд

Нью-йоркский блокчейн-стартап Chainalysis в рамках исследования биткоин-кошельков заключил, что группа из 1600 адресов контролирует треть всех монет на рынке на сумму $37,5 млрд. How concentrated is #bitcoin wealth? Our latest research combines money supply analysis and proprietary blockchain data to evaluate the recent $30bn #crypto sell-off, as reported by @FinancialTimes . Read our original post: […]

2018-6-11 14:51