Kenyan Firm Using Wasted Energy to Mine Bitcoin — Business Model Said to Pote...
A Kenyan bitcoin mining company, Gridless, recently revealed how it is helping local communities reduce electricity costs by using excess generated power to mine bitcoin. The Gridless model has been hailed because it potentially helps to decentralize bitcoin mining as well as move some hashpower to Africa. Using Wasted Energy to Mine Bitcoin Gridless, a Kenya-based crypto mining company, has said the excess electricity from mini-grid hydro generators is now being used to mine bitcoin. The revenue generated from bitcoin mining helps to reduce or subsidize the cost of....
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Bitcoin converts wasted energy into a different kind of battery for a more sustainable future. The battery of human time, effort and ingenuity: money.
Senator Cruz predicts that Bitcoin mining will be used to capture wasted renewables and Texas’ power grid within five years. U.S. Senator Ted Cruz believes The United States should be using natural gas to mine Bitcoin instead of flaring it.Speaking during the Oct. 8 Texas Blockchain Summit, Senator Cruz asserted that Bitcoin mining can be used to monetize energy created through oil and gas extraction rather than burning it, arguing that there is “enormous opportunity for Bitcoin [...] to capture that gas instead of wasting it.”According to a transcription of the talk shared to social media....
UK comedian and TV host Jimmy Carr suggested the British state should consider mining bitcoin using electricity that would otherwise go unused overnight, framing the idea as part of a broader push for more “radical” thinking about public finances. Will The UK Mine Bitcoin With Excess Energy? Carr made the comments in a Dec. 11 […]
Wesco has stopped flaring excess natural gas and is now using it to mine bitcoin, reducing carbon emissions and increasing profits.
Just recently, the firm Arcane Research recently revealed a number of screenshots from the publicly traded energy firm, Equinor. The pictures show the multinational company leveraging natural gas flaring to power bitcoin mining operations. In recent years, using the unorthodox gas flaring scheme to mine bitcoin has become more prominent worldwide. The Norwegian state-owned multinational energy company Equinor (NYSE: EQNR) has recently announced joining the crypto economy, as the firm has partnered with Crusoe Energy Solutions to mine bitcoin. Equinor is a well known, publicly listed firm....