News about ENERGY

News about Energy

The Bitcoin Mining Council has confirmed that 58% of BTC is mined with renewable energy. Up from 51% in the last report.

A report that probably does not have any major influences on the market right now but is very good for the long-term future of Bitcoin. The Bitcoin Mining Council has updated that Bitcoin miners are using 58% renewable energy to mine BTC. Even for t...

Samsung is manufacturing 3nm Bitcoin mining chips with gain of up to 45% energy efficiency

That'd be true if mining operations were not expanding due to energy costs. Which is not true. Hardware costs are the biggest factor in not adding more machines. I am sure what you are saying will also happen, but over all final power consumption wi...

The merge, people say it conserves energy by 99.5 %

Can someone explain technically explain what is being implemented in the merge ? Was it an upgrade to the main.net ? Is it an upgrade to ethereum network ? Is it just a new way of validating each transaction ? Is it a new contract in the evm? What w...

Middle East Oil Producers, Sovereign Wealth Funds of Abu Dhabi and Oman, Move Into Bitcoin Mining With Crusoe Energy Stakes

This is actually a huge deal. It happened last month and completely flew under the radar somehow. As someone who has worked in the energy industry, anyone will tell you the biggest hindrance to renewable energy production is subsidizing cost of rese...

Sen. Warren leads lawmakers calling for DOE, EPA to track 'disturbing' Bitcoin, Ethereum energy use - Utility Dive

Dive Brief: The U.S. Department of Energy and the Environmental Protection Agency should require crypto mining companies to report their energy use and associated carbon emissions, a group of six lawmakers led by Sen. Elizabeth Warren, D-Mass., sai...

100X Bitcoin energy use would mean 'absurd' $20M BTC price — developer

A new contributor to the Bitcoin (BTC) energy debate says that 1 BTC would have to cost $20 million to use 100 times its current energy demands. In a Twitter debate on Monday, Sjors Provoost, a Bitcoin developer and author of Bitcoin: A Work in Prog...

100X Bitcoin energy use would mean 'absurd' $20M BTC price — developer - Cointelegraph

Crypto Miner Marathon Secures 200MW Energy Capacity from Applied Blockchain

Bitcoin miner Marathon Digital Holdings has announced the completion of a deal with Ethereum and altcoin mining company Applied Blockchain to secure at least 200 megawatts of energy capacity. The deal with the hosting provider comes with an option...

Sweden Needs Power for More Useful Things Than Bitcoin Mining, Energy Minister Says

Concerned about projected increase in electricity demand, the government in Sweden may turn its back on crypto mining, the country’s energy minister has indicated. Swedish bitcoin minting industry, a leader in Europe, is likely to soon lose th...

US lawmakers ask about EPA, DOE monitoring of crypto mining emissions, energy consumption

Democratic legislators from both houses of the United States Congress have sent a letter to the Environmental Protection Agency (EPA) and Energy Department (DOE) to inform them of their findings on the energy consumption of cryptocurrency mining and...

Bitcoin requires an immense amount of energy. Here’s why that’s sparking a crypto backlash - PBS NewsHour

Bitcoin requires an immense amount of energy. Here’s why that’s sparking a crypto backlash& & PBS NewsHour

Texas bitcoin miners halt operations to save energy during heat wave - New York Post

Bitcoin miners in Texas have suspended operations and answered the call to conserve energy and spare the Lone Star State’s fragile power grid as demand has soared during an intense heat wave. Companies who engage in industrial scale crypto-mining...

Texas heatwave and energy crunch curtails Bitcoin mining - The Verge

Filed under: Science Tech...

Can Bitcoin Mining Make Nuclear Energy Abundant And Free?

Bitcoin Mining At Nuclear Power Plants - Bitcoin Magazine - Bitcoin News, Articles and Expert Insights...

Can Bitcoin Mining Make Nuclear Energy Abundant And Free? - Bitcoin Magazine

Welcome to part two of this series on Bitcoin and nuclear energy. Let us recap what we went through in part one before we dive deeper into the topics we’ll cover in part two. Key Takeaways From “Why Bitcoin Is The Future Of Our Energy Grid” Bitcoin...

Bitcoin miners are cooperating with Texan authorities to help alleviate the state’s energy grid in anticipation of a heatwave; over 1,000 megawatts worth of power allocated for Bitcoin mining is being redirected towards retail and commercial use.

You’re missing the actual point here, Cardano can’t help Texas but Bitcoin can. Because normally power companies will only build enough capacity that they can sell most of the power they generate. But in a massive heatwave you need more than 100% of...

Proof of Work Energy Consumption

Consuming energy to power an ASIC to mine a block can not be forged. It's impossible to fake. This protects and secures the network fundamentally. This foundation is a first principle. Without it you do not have Bitcoin. Energy consumption enables e...

The Moral Case for Renewable Energy with Andrew Dessler — What Bitcoin Did

submitted by /u/mccormack555 [link] [comments]

Elites Don't Care About Energy Usage They Care About Control

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

Analyst Says Duke Energy Corporation Is Studying Bitcoin Mining Applied to Demand Response

According to the lead rates and regulatory strategy analyst at Duke Energy Corporation, the second-largest U.S. energy corporation is currently studying bitcoin mining. Lead analyst Justin Orkney said that a bitcoin demand response (DR) study was bei...

The 2nd largest electric power company in the U.S., Duke Energy, is studying the benefits of bitcoin mining and how to intergrate it into the grid

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

Rising Energy Prices: ‘HODL’ Strategy of Bitcoin Miners in Danger?

Bitcoin mining, once known as one of the most profitable businesses, is now going through a rough patch. Amid rising global inflation, increasing energy prices, the crypto winter and a competitive environment, Bitcoin miners are finding it difficult...

Ethereum Energy Consumption Sees Sharp Decline As Mining Profitability Drops

Ethereum energy consumption had been on the rise through 2021. Most of it had been triggered by the bull market which had brought renewed interest to the market. However, with the market now finally headed into the dreaded bear trend, the interest in...

Is there a way to know how much energy will be required to mine one block in 30 years?

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Bitcoin’s Energy Use Dips After Price Drop – Good News For Environmentalists?

Bitcoin, the world’s most popular cryptocurrency, consumes an astounding amount of electricity. But, its energy use depends on a lot of things. After suffering a major collapse this entire month, BTC price has remained so low that it is driving...

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