County in Montana Wants to Require Crypto Miners to Contribute to Renewable Energy Source Building

2019-3-21 02:03

Mining cryptocurrency requires a lot of power. Most of the time, when the discussion of energy use comes up in mining, it is in relation to companies going overseas to seek out cheaper opportunities.

However, one county in Montana wants these miners to be held accountable, giving back to the economy by building renewable energy […].

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PoWx Seeks to Change Bitcoin Mining with “Optical PoW”

Nonprofit organization PoWx has launched this week with the goal of boosting the idea behind proof of work (PoW) through more innovative algorithms. The company is seeking to decentralize Bitcoin mining and make it more accessible to consumers through a new technology that executives have dubbed “optical PoW” — a new type of hardware that utilizes a more advanced and energy-efficient form of laser technology as the cornerstone of mining.

2018-7-14 01:04