How Bitcoin Mining Is Solving Our E-Waste Crisis
With 40 million tons of e-waste generated each year, the unique incentives created by bitcoin miners offer a solution to a growing problem.We’re all familiar with the “energy waste” and “carbon emissions” narratives around Bitcoin mining. “It wastes energy!” “It’s a carbon emitter!” Obviously, Bitcoin is a unique and terrible attack on the environment at a scale previously unheard of in human history. But now the “Bitcoin is anti-environmental” narrative is now starting to shift towards “e-waste.” This, in the wider context of environmental narratives, is nothing new, and in the context of....
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Treating human waste by turning it into biogas could be an effective means of mining bitcoin which would benefit small towns in developing countries the most.
Stronghold, a bitcoin mining company that claims to eliminate 200 tons of waste coal for each bitcoin mined, has raised $105 million.
On Tuesday, Stronghold Digital Mining, Inc., an ESG-friendly cryptocurrency miner announced it has raised $105 million in two private equity securities funding rounds. Stronghold’s operations convert waste coal into alternative energy in order to mine bitcoin and other cryptocurrencies. ESG-Friendly Crypto Miner Turns Coal Waste to Bitcoin, Operation Raises $100M While many have been focused on the environmental concerns stemming from outdated reports and maps, a number of ESG-friendly cryptocurrency mining firms have been making moves in the industry. Stronghold Digital Mining is a....
Bitcoin is often slammed over its high electricity consumption. Critics argue this is wasteful and unsustainable in the long term. However, in an unusual twist to the environmental debate, it turns out that fracking companies are utilizing waste gas to power Bitcoin mining rigs. Bitcoin Mops up Waste Gas The shale industry is in a […]
Stronghold Digital Mining has raised more than $100 million in two private placements supporting its model for sustainable Bitcoin mining. The Pennsylvania-based Stronghold Digital Mining has announced the completion of two private equity securities raises worth $105 million.According to an announcement shared with Cointelegraph, the firm’s first power generation facility, the Scrubgrass Generation Plant in Venango County, converts waste coal into energy on a scale equivalent to “a large-scale hydropower plant” that is then used to mine Bitcoin and other cryptocurrencies. The waste coal....