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Renewable electricity is more optimal than Paraguay’s anti-mining bill
20.5.2024
The Paraguayan legislature is urgently pushing a bill that, if passed, could mean up to a decade behind bars for illegal Bitcoin miners due to the large amount of electricity pilferage jeopardizing the state-backed National Electricity Administration. The proposed legislation enables Paraguayan...
El Salvador mines 474 Bitcoin using geothermal volcanic energy
15.5.2024
El Salvador currently holds 5,750 BTC worth $354 million which it has accumulated over three years
Bitcoin Miner Marathon In Talks With Kenya to Help With Its Green Energy Ambitions
13.5.2024
Kenya's President William Ruto also wants to build a regulatory framework for crypto, with Marathon's help
PayPal Proposes Incentive Program for Bitcoin Miners Utilizing Low-Carbon Energy
23.4.2024
On April 22, PayPal announced a new initiative to support Bitcoin mining that uses less energy. The multinational payment company intends to use Bitcoin to compensate cryptocurrency miners that use renewable energy.
The post PayPal Proposes Incentive Program for Bitcoin Miners Utilizing Low-Carbon...
Why Finland Could be Europe’s Next Crypto Mining Giant
22.2.2024
Finland is emerging fast as an attractive place for crypto mining due to its relatively cool climate, which helps with cooling mining rigs, and its abundant renewable energy sources.
The post Why Finland Could be Europe’s Next Crypto Mining Giant appeared first on Cryptonews
German Regulator BaFin Approves Crypto Carbon Credits Exchange Developed by Neutral and DLT Finance
6.2.2024
In collaboration with DLT Finance, Neutral, a German brokerage firm, has unveiled a blockchain-backed exchange for carbon credits. These financial instruments represent forests and renewable energy products, enabling businesses to offset their carbon footprint. While other initiatives have ventured...
Chinese Company Issues First $350 Million Tech Innovation Bond Raised in Digital Yuan
29.1.2024
A Chinese infrastructure company has successfully raised $350 million in digital yuan for its new technology innovation bond. According to Shanghai Securities News, the Shandong Hi-Speed Group issued the “Shandong Hi-Speed Group Co., Ltd. 2024 Public Offering to Institutional Investors...
Report: EU Represents Just 6% of Bitcoin Mining Hashrate, US Significantly Leads China
31.12.2023
The countries in the European Union collectively account for 6% of the Bitcoin network’s hashrate while the U.S. has emerged as the world’s number one bitcoin miner, a new report has said. The economic bloc’s bitcoin mining prospects are however being hamstrung by geopolitical tensions...
Iris Energy to Ramp Up Capacity in 2024 Following $22M Spend on Bitmain Rigs
16.12.2023
Source: AdobeStock / Photocreo Bednarek Renewable Bitcoin mining company Iris Energy has revealed the acquisition of 1.6 EH/s of Bitmain T21 miners, increasing its self-mining capacity to 10 EH/s. In a press release on December 15, the company disclosed plans to acquire 8,380 new-generation...
Cornell Study: Bitcoin Can Power Renewable Energy Deployments and Climate Action
2.12.2023
A recent study led by investigators from Cornell University has outlined how Bitcoin can help finance renewable energy installations by using surplus power even while these facilities are not yet integrated into the U.S. power grid. Texas is said to be one of the states with the most potential....
Study Reveals Bitcoin Mining as a Catalyst for Renewable Energy Growth and Flexible Load Systems
28.11.2023
A recently published working paper, collaboratively authored by industry experts, examines the critical influence of bitcoin mining in promoting worldwide clean energy efforts and stabilizing electricity grids. This paper probes into the utility of mining as a flexible and versatile instrument...
Marathon Digital Starts Methane Gas-powered BTC Mining Project
2.11.2023
Marathon Digital , a BTC mining company, has launched a pilot mining initiative in Utah, leveraging methane gas produced from landfill waste to generate the power needed for their mining operations. The company announced on Thursday in a press release that it had entered into an agreement with...
Bitcoin price and energy use for mining highly correlated: UN Report
30.10.2023
The UN scientists evaluated the activities of 76 Bitcoin mining nations during the 2020–2021 period and found that the global Bitcoin mining network consumed 173.42 Terawatt hours of electricity
Volcano Energy Launches First Bitcoin Mining Pool in El Salvador
5.10.2023
Volcano Energy, a renewable energy-focused Bitcoin mining company, has announced a strategic partnership with Luxor Technologies, a Bitcoin mining tech company, to launch Lava Pool, the first Salvadoran Bitcoin mining pool. Lava Pool will be harnessed by Volcano Energy, a company building a mining...
El Salvador launches first Bitcoin mining pool as Volcano Energy partners with Luxor
4.10.2023
El Salvador’s ambitious renewable energy Bitcoin mining operation welcomes its first mining pool as Volcano Energy partners with Luxor
Bitcoin miners double down on efficiency and renewable energy at the World Digital Mining Summit
23.9.2023
Bitmain rolled out its efficiency-focused Antminer S21 at the WDMS and Bitcoin miners shared their plans for boosting productivity via green energy
Bitcoin energy pivot achieves what ‘few industries can claim’ — Bloomberg analyst
21.9.2023
Bitcoin's hash rate has continued to increase and yet its emissions intensity has been trending down, contrary to most other industries, Bloomberg analyst Jamie Coutts explained
Bitcoin miners seek alternative energy sources to cut costs
18.9.2023
The next generation of crypto mining will focus on alternative energy sources for efficiency
Bitcoin may hit $100K by capturing ‘even 2%–5% of gold’s market cap’ — Hut8 VP Sue Ennis
28.8.2023
New developments in the Bitcoin mining space have Hut8 vice president Sue Ennis convinced that well positioned miners will thrive after the next BTC halving
Renewable energy Bitcoin mining company powers up in Sweden
21.8.2023
Bitcoin mining lands another green energy data center as global powerhouse GDA sets up shop in Sweden