Announcing Blockstream Energy, A New Service Focused On Renewable-Sourced Bit...
Blockstream has announced Blockstream Energy, a new service that allows energy producers to maximize energy production efficiency and sell surplus electricity.Today, August 17, 2021, Blockstream announced their latest service, Blockstream Energy, which offers scalable energy demand to energy producers using Bitcoin’s proof of work (PoW), in a press release sent to Bitcoin Magazine.This new service utilizes these self-contained and remotely operated mining facilities called modular mining units (MMUs) as featured in the picture above, which allows energy producers to maximize energy....
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Bitcoin mining is on the move. Around the world, more companies and initiatives are being brought to life. Blockstream and Square have announced a partnership to build one in the U.S. based on renewable energy. The Bitcoin infrastructure startup, led by Adam Back, and the financial services company, led by Jack Dorsey, will create an […]
Blockstream has announced a partnership with the newly-launched Seetee to accelerate renewable energy use for bitcoin mining.
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....
The company improves the performance of renewable energy facilities with bitcoin miners.
Crypto mining companies leveraging renewables may also have a much larger impact on clean energy for the environment. Bitcoin (BTC) may be the last thing one might consider when thinking about ways to ensure a clean-energy future. This has especially become the case following a tweet sent by tech entrepreneur Elon Musk back in May, in which he stated that Tesla would stop accepting BTC payments due to the increasing usage of fossil fuels for mining. Yet raising awareness around the high energy costs typically associated with Bitcoin mining didn’t negatively impact the crypto ecosystem — in....