2023-12-2 18:00 |
The post Bitcoin mining: A catalyst for energy sustainability appeared first on CryptoSlate.
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Quick Take One of the most persistent misconceptions about Bitcoin is the belief that mining harms the environment. While it’s true that Bitcoin mining requires substantial energy, this energy consumption is crucial for maintaining the network’s security.
2024-8-30 17:15 | |
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Bitcoin miner Crusoe Energy announced a new multibillion-dollar deal with energy tech company Lancium to build a data center for artificial intelligence in Texas. Crusoe Energy, one of the first Bitcoin (BTC) mining companies in the U.S. to use wasted…
2024-7-18 16:56 | |
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Bitcoin miners help expand the use of renewable energy and balance energy networks, says Ryan Condron, co-founder of Lumerin.
2024-6-14 18:39 | |
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The US Department of Energy (DOE) and Energy Information Administration (EIA) have scrapped their emergency survey of Bitcoin mining’s power usage following a lawsuit from industry groups, Reuters and other news outlets reported.
2024-3-3 20:00 | |
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About 55% of Bitcoin's energy needs were from renewable sources. The network's hash rate has also grown exponentially in recent years. Bitcoin's [BTC] sustainable energy usage hit a fresh alThe post Bitcoin's sustainable energy usage reaches new ATH of 55% appeared first on AMBCrypto.
2024-2-22 20:30 | |
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The growing intersection of Bitcoin and the energy industry is unveiling various unexpected opportunities that could potentially facilitate global energy transition, according to a report by Dylan Campbell and Alexander Larsen of IRM Energy and Renewables Group (SIG).
2023-9-22 11:19 | |
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Nigeria partially de-regulating energy production to incentivize renewable energy offers Bitcoin miners big opportunity.
2023-9-13 18:49 | |
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Quick Take The Bitcoin network has witnessed a significant milestone, with its hash rate peaking at 400 terahashes per second (th/s), a first in its history. This development is particularly noteworthy considering the ongoing energy crises in Texas and escalating electricity prices globally.
2023-8-28 13:00 | |
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Serving as a currency backed by energy of any source, bitcoin has solved problems that have been tied to money throughout history.
2023-6-20 07:00 | |
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Researching more than 100 bitcoin mining companies, it’s clear that this industry is poised to advance energy consumption more than any other.
2023-3-6 16:00 | |
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The Bitcoin Mining Council (BMC) recently released its Q4 2022 briefing, showing a current sustainable energy mix of 58. 9% – a half percent decrease from the previous quarter’s 59. 4% figure.
2023-1-20 07:00 | |
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Bitcoin could enable humanity to take the next step in energy production and usage through the capabilities it unlocks.
2022-9-1 04:00 | |
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Bitcoin mining incentivizes energy usage that is better for the environment by easing the transition from fossil fuels to wind and solar energy.
2022-7-21 06:30 | |
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For Bitcoin energy usage to increase to absorb more of the world’s waste energy, its market cap would end up being $420 trillion, calculates Sjors Provoost.
2022-7-20 11:18 | |
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A recently published study compared Bitcoin’s and traditional finance’s energy requirements to find that Bitcoin currently uses 56 times less energy. The post Bitcoin uses 56 times less energy than classical system appeared first on CryptoSlate.
2022-6-18 06:00 | |
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Love, violence and money are interrelated through their connection to energy. As the digital representation of energy, Bitcoin offers a better store of energy.
2022-6-6 18:00 | |
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Energy usage is not something from which we should shy away. Bitcoin miners are already doing the hard work that is making the world a better place.
2022-5-5 05:00 | |
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Critics of Bitcoin’s energy use should consider its relative carbon density rather than the absolute amount of energy used.
2022-3-21 17:50 | |
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Spending bitcoin into the future transfers incredible amounts of energy over time as the amount of energy per satoshi increases.
2022-3-4 01:00 | |
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Several major players say that nuclear energy might be the best choice for Bitcoin miners.
2021-11-11 08:00 | |
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As an arbiter of truth for the most reliable and cheapest forms of energy, Bitcoin can enable Nikola Tesla’s vision of a peaceful, abundant energy future.
2021-10-7 18:40 | |
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The energy usage of bitcoin mining has been frequently misrepresented — but there's still reason to seek renewable energy sources.
2021-9-27 21:00 | |
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Are overreaching ESG standards, which often target Bitcoin's energy consumption, politically dangerous?
2021-9-17 06:00 | |
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Cathie Wood, the founder, and CEO of Ark Invest has tossed her viewpoint over Bitcoin’s mining energy consumption, citing it as a minor setback to the asset’s path in the future. She further stated that although the energy problem is a major concern, it is temporary.
2021-7-15 15:32 | |
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Energy Harbor will provide carbon-free nuclear energy to Standard Power’s forthcoming bitcoin mining farm in Ohio.
2021-7-14 18:12 | |
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There is no denying the fact that mining cryptocurrencies and processing decentralized transactions demand large amounts of energy. As per the Bitcoin Energy Consumption Index, the total energy consumption of the Bitcoin network tops 131.
2021-7-13 14:46 | |
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Twitter CEO Jack Dorsey, along with Cathie Wood’s Ark Invest, are working towards using Bitcoin mining to “accelerate the global energy transition to renewables. ” According to CoinShares, an estimated 74% of the energy used in bitcoin mining actually comes from renewable sources.
2021-5-22 20:54 | |
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According to Galaxy’s estimates, the annual energy usage of Bitcoin stands at 114 TWh, while the banking industry consumes over 260 TWh each year.
2021-5-18 11:09 | |
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A firm from Australia that uses renewable energy to mine Bitcoin (among other businesses) has raised two times the intended capital in a recent round. The post ‘Green’ Bitcoin miner Iris Energy doubles its fundraise ahead of IPO appeared first on CryptoSlate.
2021-3-4 03:45 | |
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One of the planet’s largest energy companies aims to reduce its carbon emissions by partnering with Crusoe Energy Solutions. Equinor will sell electricity generated from waste natural gas to Crusoe who will use it to mine Bitcoin.
2020-8-29 21:42 | |
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Bitcoin's huge energy costs have been worrying many in the crypto-community, especially in light of the fact that many outside the community have directed hate against the industry with headlines likeThe post Bitcoin being accused of energy wastage may be unwarranted appeared first on AMBCrypto.
2020-1-6 10:10 | |
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There are a lot of loopholes in the conversation around bitcoin and its annual energy consumption rate, says a clean energy specialist. Professor Katrina Kelly-Pitou of the University of Pittsburgh wrote that researchers overestimate their findings of the cryptocurrency’s higher power consumption rates.
2019-7-9 15:26 | |
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By CCN: Antoine Le Calvez, a researcher for CoinMetrics, set out to determine how Bitcoin’s environmental impact compares to that of the auto industry. His striking conclusion? US vehicles consume roughly the same amount of energy in three days as Bitcoin has consumed in its entire existence.
2019-4-15 22:00 | |
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According to newly published research, mining cryptocurrency takes nearly twice as much energy than mining gold, platinum, and copper. Bitcoin on its own, needs three times as much energy to mine than compared to gold.
2018-11-6 13:54 | |
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It’s Monday which means only one thing – it’s also Moonday. We’re so into blockchain and cryptocurrency we don’t even call Monday Monday anymore. It is, and will always be, Moonday in our hearts.
2018-10-29 12:37 | |
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When they aren’t bashing Bitcoin as a bubble, nocoiners can usually be found trying desperately to prove how the activities of miners will bring about the end of the world. Here are three reasons why the energy consumption rhetoric is utter garbage.
2018-10-15 02:00 | |
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Bitcoin’s network energy consumption has become somewhat of a hot topic as the cryptocurrency grows in popularity. A clean energy researcher, however, says that naysayers are missing critical factors when making their claims.
2018-8-23 13:00 | |
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In Jan 2018, an independent article was published online which shows the different energy consumptions associated with Bitcoin mining with regards to different destinations. From the published article, it was seen that bitcoin miners in Venezuela will maximize cost as it was the country with the cheapest energy consumption for bitcoin mining, which stood below […] The post Bitcoin Energy Consumption Exaggerated says Energy Researcher appeared first on ZyCrypto.
2018-8-21 16:43 | |
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Bitcoin (BTC)–By now, most within and outside of the industry of cryptocurrency are familiar with the narrative surrounding Bitcoin energy usage. The argument goes that as Bitcoin becomes a more popular choice in terms of digital currency, the increase of miners looking to capitalize on transaction fees and reward payouts will increase, thereby also raising […] The post Bitcoin Energy Consumption Could Drive Innovation, Says Research Associate appeared first on Ethereum World News.
2018-8-21 04:14 | |
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In the almost decade long existence of Bitcoin, the network has repeatedly come under fire for the large amount of electricity required to secure it. However, one researcher believes that the current discussion on energy use is largely redundant since it doesn’t take into account how the electricity itself is sourced or how technology evolves.
2018-8-20 22:30 | |
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Stop worrying about how much energy mining Bitcoin uses, the title to a recent article written for The Conversation, you can find the original article for yourself, here. Should we stop worrying? Well according to Katrina Kelly-Pitou, yes we should.
2018-8-20 17:30 | |
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South Korean city Chuncheon has joined with Swytch in a partnership to expand and accelerate the city’s use of renewable energy. In a move that mirrors other government investments in the blockchain, the agreement between the city and Swytch will see the two organizations examining how to use Swytch technology to make more citizens benefit […] South Korea Blockchain Industry Blooming – Swytch Announces Partnership to Expand Possibilities for Renewable Energies was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.
2018-8-20 13:59 | |
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Customers of energy providers in Hawaii are the latest victims of a scam that has been designed to extort Bitcoin from victims. It’s a typical example of how cryptocurrencies can be used to illicit money out of unsuspecting victims, by using a cloak of anonymity to make the scammer seem legitimate.
2018-8-20 13:30 | |
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According to a report by ResearchAndMarkets. com, the global blockchain in energy market is expected to hit $7. 11 billion by 2023, with a compounded annual growth rate of 78. 32 percent. The growth is rapid, considering that the estimated global blockchain in energy market currently sits at $394.
2018-8-18 18:19 | |
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Mining Bitcoin is a process that is loud, hot, expensive and also very noisy. As a result, mining efforts on a large scale tend to be focused out of town, in rural settings in factories that have an exclusive energy supply, in areas that are naturally very cold.
2018-8-17 15:00 | |
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This month, we celebrate Ethereum’s third birthday and reflect upon the many milestones that have occured in the industry since the dawn of the original smart contract blockchain.
2018-8-15 21:53 | |
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BITTECH starts selling a new range of cryptocurrency mining hardware powered by 10 nm semiconductor chips (10 nm BT0010a and BT0010La mining chips). It is to be recalled that BITTECH introduced its first ASIC miner as early as mid-May, 2018.
2018-8-13 20:30 | |
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In a message on GEAR Token’s website, iconic political talk show host Larry King says that global climate change is threatening humanity’s existence and is “a potentially catastrophic issue from the combustion of fossil fuels .
2018-8-13 18:08 | |
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In March this year, the sky officially fell in for Bitcoin miners. With the slump in prices and the extraordinary energy consumption it takes to mine the coins, Fortune revealed that mining a Bitcoin cost as much as buying one.
2018-8-10 18:41 | |
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