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Chicago Company Mines at Oil Wells, Educates Producers About Bitcoin


Utilizing stranded gas to power bitcoin mining rigs at oil and gas wells is a promising business opportunity. It is profitable for all participating parties and beneficial for the environment. Not without challenges, this young industry is growing in energy-rich North America. Several companies...

Photonics Bitcoin Mining Tech Aims to ‘Democratize’ Energy Use


Three researchers have published a paper at Cornell University’s arxiv.org proposing a system called Optical Proof of Work (OPOW) to potentially be employed in Bitcoin mining. According to the paper, “heavy reliance on electricity has created scalability issues, environmental concerns...

Energy Costs of Crypto Mining and Tips to Save


Disclaimer: The text below is a sponsored article. _________ Mining cryptocurrency is not cheap, it costs a lot of energy. So much that some people don’t even think it’s worth it. But if you have the means and can mine bitcoin or another cryptocurrency successfully, there are ways to cut down...

Bitcoin Emits Less Carbon Than Previously Claimed, New Study Finds


Bitcoin has been regularly attacked for its energy-intensive mining process, powered by serious amounts of electricity. It’s been claimed that it leaves a carbon foot print comparable to that of a large city or even a small country, an allegation that often finds its way to the headlines...

Iranian Grid Explains Electrical Costs Will Fluctuate for Bitcoin Miners


Throughout the course of 2019, Iran’s government and the country’s energy officials have been creating new guidelines for bitcoin miners setting up data facilities in the oil-rich nation. On Wednesday, Mostafa Rajabi, a spokesperson for Iran’s Energy Ministry, described a...

5 Easy Ways to Earn Cryptocurrency


The days of individuals mining popular cryptocurrencies are over. The amount of time and energy required to mine bitcoin is immense and you’d be competing with business with massive mining farms. What you can do, however, is chip away at earning cryptocurrency via a few simple tasks that...

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