The race to ‘decarbonize Bitcoin’ accelerates with Decarbbitcoin Labs initiative
Decarbbitcoin Labs is contributing to Environmental Justice Communities in California by showcasing the green potential of Bitcoin mining. DecarbBitcoin Labs, an environmentally-focused think tank founded by Community Electricity, is taking a hands’ on approach to fighting climate change in California — and is using Bitcoin (BTC) mining as its first prototype.Building off California’s Environmental Justice Program, whose mission is to protect communities that endure a disproportionate share of environmental pollution, Decarbbitcoin Labs is developing a first-of-its-kind prototype in Los....
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CoinDesk's Daniel Cawrey recently visited and toured the facilities at Butterfly Labs, one of the most prominent and written about producers of bitcoin mining technology. In this second part of this series, he reports on the factors involved in the bitcoin mining arms race. Now that Butterfly Labs is shipping ASIC bitcoin miners at a steady pace, their production plus that of Avalon and mining pools like ASICMiner are causing the mining difficulty to go up quite quickly. What this means is that it takes more computational power to complete proof of work algorithms. It means that a race is....
First their was the dogecoin race car. Now, there's apparently a bitcoin-branded race car hitting the track. We first wrote about this in late July. Just in case you haven't been following NEWSBTC (if not, why?), there was news of a new crowdfunding campaign supported by NASCAR driver Alex Bowman to get bitcoin on his race car, numbered 23. That endeavor, named Bitcoin23, aimed to raise as much as $25,000 to get bitcoin in prime view. Sadly, the initiative raised significantly less. In fact, just about $5,000. So as you would probably expect, the bitcoin logo on Bowman's car is, well,....
Gemini has partnered with a nonprofit to purchase carbon permits from government-related cap-and-trade markets and erase them from circulation. Gemini, a major cryptocurrency exchange founded by Cameron and Tyler Winklevoss, is responding to Bitcoin’s (BTC) environmental issue by purchasing carbon credits. On Thursday, the company announced its long-term initiative to incorporate climate-conscious measures into its business, launching a collaboration with Climate Vault, a nonprofit founded at the University of Chicago.Through the initiative, Gemini plans to purchase carbon credits for....
For the past seven months, application-specific integrated circuits (ASICs) have been the central focus of Bitcoin mining development. Ever since Butterfly Labs became the first company to publicly announce its upcoming ASIC technology in June 2012, four startup companies have been in a race to be the first to release the technology. Now, it looks like the race finally has a winner: Avalon. On January 19, the countdown timer which the company had boldly placed on its website weeks before has reached zero, and within hours, the company sent off its first batch of 300 mining rigs to its....
Blockchain operations are increasingly embracing more traditional financing from big-name venture funds to leverage these strategic stakeholders’ benefits instead of crowdfunding avenues popularized during the last blockchain hype wave. Funding Roundup: Concordium, StakeWise, and Automata Reveal Private Capital from Leading Funds In a significant departure from the last crypto startup wave focused on raised public capital in the form of initial coin offerings (ICO), token sales, and exchange launches, today’s advancing blockchain initiatives are increasingly tapping private....