Bitcoin Mining with Wind Turbines
The process of mining Bitcoin is economically interesting from the energy point of view. Besides the problem with cooling of hardware, there is also the issue of the amount of energy that the hardware needs in the process of mining. There are developments taking place on the cooling issue, with some innovative solutions like immersive cooling. Bitcoin mining set in place a computing arms race which fuels interest in both cooling and energy generation. Densely-packed chips performing Bitcoin calculations are immersed in cooling fluid, which bubbles as it boils, removing the heat from the....
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A renewable energy mix of solar, wind and hydropower will improve bitcoin mining profitability while helping efforts to combat climate change.
A Bitcoin-style virtual currency could save Europe’s power grids from reaching breaking point as more and more “prosumers” come on line, the European Commission’s Horizon magazine reports. Prosumers ‒ a buzzword in the emerging sharing economy ‒ are consumers who also put energy back into the network from domestic wind turbines and solar panels. The European Union is aiming for an 80 percent reduction in greenhouse gases by 2050, but European energy distribution networks are organized top-down, for large providers that distribute energy to consumers either directly or through smaller local....
A misdirection of resources and an obstruction of progress, wind and solar energy reflect the same distracting qualities of altcoins.
The environmental impact of bitcoin mining has long been a topic of great debate in the community. Due to the amount of energy consumed by the high-powered computers that are required to solve complex mathematical equations to confirm transactions, mining activities have been banned in some regions in a bid to protect a nation’s energy […]
Several major players say that nuclear energy might be the best choice for Bitcoin miners. Major players in the Bitcoin (BTC) mining industry have their sights set on nuclear energy as pressure mounts to go green. Nuclear energy could present a “tremendous opportunity” to introduce “enormous amounts of clean, carbon-free” energy to the base load, said GRIID vice president Harry Sudok at the ‘Bitcoin & Beyond Virtual Summit’ on Nov. 10. GRIDD is an American company that procures low-cost, renewable energy to build vertically-integrated Bitcoin mining facilities. According to Sudock, past....