News about ENERGY

News about Energy

US Bitcoin mining firm turns to harmful coal waste for cleaner energy

Stronghold Digital Mining (SDIG), a crypto mining company in Pennsylvania, is turning waste from old power plants into energy to power hundreds of Bitcoin mining rigs.The company collects coal refuse, a leftover waste material from the process of coa...

Texas Congressman Pushes For Bitcoin Mining To Make US ‘Energy Independent’

US Congressman Pete Sessions believes bitcoin is consistent with American ideals and will help boost the US dollar. Rep. Sessions also pointed out that cryptocurrency “is going toward becoming a more resilient alternative choice” for hedg...

Bitcoin mining could be good for US energy independence: Research

United States Congressman Pete Sessions of Texas has come out with a bold statement about the impact that Bitcoin (BTC) mining will have not just on his state but on the United States as a whole.The Texan representative, a proponent of Bitcoin mining...

If Ethereum 2.0 Consumes 99.98% Less Energy, Will Institutions Jump In?

submitted by /u/Some_won [link] [comments]

What happens when we invent nuclear fusion energy?

Let’s say tomorrow someone announces they have successfully stabilized nuclear fusion to generate energy.From what I understand, proof-of-work relies on energy being an expensive resource.So if energy becomes abundant, what would be Bitcoin’s transit...

The blockchain projects making renewable energy a reality

Much has been said about Bitcoin‘s carbon emissions. Far less has been said about the potential of blockchain to increase the efficiency of renewables by transparently managing supply and demand. Blockchain doesn‘t pose a threat to the planet — it’s...

Ethereum 2.0 will solve energy costs, may be rolled out in Q3

https://decrypt.co/95368/ethereum-2-merge-launch-lay-to-rest-energy-usage-concerns-joe-lubin The ghost network stuff is interesting. submitted by /u/HipsterCat49 [link] [comments]

Bitmain Rolls Out More Powerful And Energy-Efficient Bitcoin Mining Rig To Date

Liquid-cooled mining machines from Chinese chipmaker Bitmain have been unveiled. The S19 XP HYD is expected to be one of the company’s most energy-efficient models ever. The new mining setup employs liquid cooling. According to reviewers, it is the...

Why the energy debate is fundamentally wrong

Does the BTC network consume too much energy? It is irrelevant.I know this topic gets discussed a lot around here by people who try to justify the energy consumption by either:1 - The many positives from BTC: independent decentralized money, true pro...

Anyone arguing about Bitcoin's energy consumption understands neither Bitcoin nor energy. Bitcoin's energy use is a function of its value. The network algorithmically resolves the exact amount of energy (work) required to secure that value at any given ti

Satoshi's PoW timechain is a timeless marvelWhat's the fundamental problem with fiat money Satoshi, and cypherpunks at large, sought to fix? Trust. For two reasons specifically,1- Centralized, focused issuance and control of money supply and monetary...

This subreddit's energy has changed a lot in the last few months, but that's not a bad thing

I'm typically on this sub several times a day, and I have seen how a good chunk of people lost interest in crypto, at least temporarily. It wasn't uncommon to see 15k people online at any given time, now this number seems to be between 3-7k....

Analysts Debate Economic Fallout Odds From Russia’s Invasion, Historian Says World May Face Worst Energy Crisis Since the 1970s

While Russia’s Ukraine invasion has been at the forefront of people’s minds, a global recession and the possibility of an energy crisis have been thrown into the conversation. Reports concerning the U.S. economy note that risks of an ec...

Scientific papers or even grey literature to support Ethereum 2.0's claim of reducing energy demand by 99.95% as compared to PoW

Carl Beekhuizen posted in this Ethereum blog of May 2021, that "Ethereum will use at least ~99.95% less energy post merge. " . However, this is not supported by enough details. I'm now looking for Scientific papers or even grey literatu...

Monster Energy files NFT and metaverse trademark applications

According to recent filings with the United States Patent and Trademark Office (USPTO), Monster Energy has four pending trademark applications related to the nonfungible tokens (NFTs) and metaverse realms. The first trademark application consists of...

Kazakhstan Energy Ministry Cracks Down on Illegal PoW Mining

A short while ago, Kazakhstan was flaunted as a major hub for Bitcoin (BTC) and Proof-of-Work (PoW) mining, but today, the country is fast becoming an intolerant zone for cryptocurrency mining activities. According to a shared by the Committee for...

Russia planning to legalize and even promote Bitcoin mining, as long as it's in energy surplus areas. Bullish.

submitted by /u/Dharmahuasca [link] [comments]

I find it ridiculous that energy consumption concerns are always in abundance when it comes to crypto but anything else doesn't cause as much concern

I really don't get it can anyone explain if I'm getting it wrong, I understand that a large mining facility may take up a bit more than sufficient power but how is it more than anything else when it comes to production? I mean we're talk...

Preventing an Energy Crisis Through Blockchain

Nothing has shaped modern human life on this planet more than electricity. It powers our homes, our appliances, our heating and cooling systems, our electronics, our computers, our phones and the internet. It powers industry, science, research, hosp...

The Norwegian Bitcoin Mine That Uses Green Energy And Dries Wood As A By-Product

Another day, another bitcoin mine that uses green energy to operate. We have to highlight these initiatives to show how bitcoin and green energy are a complete match. They’re not at odds with each other as the FUDers want you to think. This time, it...

Interconnection between cryptocurrency and energy market: an analysis of volatility spillover

submitted by /u/finehands57 [link] [comments]

Thailand’s Gulf Energy To Form Crypto Joint Venture With Binance In Q 2

Thai leading energy producer, Gulf Energy Development Company, hopes to complete a crypto Joint Venture (JV) with the world’s famous cryptocurrency exchange Binance in the Q 2 of 2022, a senior executive said in an interview with Reuters. Financial C...

Georgia State Becomes next Mining Hub, Bitcoin Miners Enjoy its Green Energy

The exodus of crypto mining operations out of China massively has become a blessing in disguise to the United States, given that it now takes the lion’s share. With billion-dollar mining machines plugged across the U.S., crypto mining is spawning...

Phaeton Energy: Towards Embedded Network

Researchers recently reported that Bitcoin mining has a shocking energy consumption level that is comparable to a medium-sized country. Blockchain is the most booming technology of our time, with implementation across various industries such as heal...

Argentinian Government Raises Energy Costs Almost 4x for Cryptocurrency Miners

The Energy Secretary of Argentina eliminated power subsidies for cryptocurrency miners, raising the cost of energy to almost 4x what the miners were paying before. The measure affects customers of the wholesale power market in the Tierra del Fuego pr...

Bitcoin bulls may ignore Friday’s $730M options expiry by saving their energy for $40K

The past few months have been less than pleasant for Bitcoin (BTC) bulls, but they are not alone. Persistent comments from the United States Federal Reserve hint at plans to raise interest rates in 2022, which is causing investors to seek protection...

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