Methane-Capturer Vespene Energy Raises $4.3M To Help Cities Mine Bitcoin
Vespene builds infrastructure for municipalities to mine bitcoin, creating a new revenue stream and encouraging education in the Bitcoin ecosystem.Vespene Energy raised $4.3 million to help cities mine bitcoin.Vespene’s structure encourages municipalities to become involved in the mining ecosystem. The first pilot location will be in central California. Vespene Energy, a methane mitigation company providing bitcoin mining infrastructure, closed a $4.3 million funding round led by Polychain Capital to launch net carbon-negative bitcoin mining, per a press release sent to Bitcoin....
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On August 9, a firm that uses landfill methane to fuel bitcoin miners, Vespene Energy, announced the company has raised $4.3 million in a funding round led by Polychain Capital. Vespene aims to use the funds for its pilot in California by using landfill methane to mine bitcoin and “mitigate a major source of greenhouse gas emissions.” Vespene Energy Raises $4.3M in Funding Round Led by Polychain Capital, Firm Aims to Give Landfill Owners the Ability to Monetize Landfill Methane Vespene Energy announced that the company has raised $4.3 million from a financing round led by....
Bitcoin mining with flared gas and animal waste gases could help the world’s largest cryptocurrency on a path to becoming zero-emission money. A pro-Bitcoin mining report from self-proclaimed philanthropist Daniel Batten has claimed that Bitcoin could become a zero-emission network.The report builds upon data from the Bitcoin Mining Council to understand the impact of carbon-negative energy sources on Bitcoin’s (BTC) overall carbon footprint. Following an investigation and extrapolation of the results, it claims to then “predict when the entire Bitcoin network becomes a zero emission....
A new report reveals an angle for sustainability in Bitcoin mining through harnessing onsite natural gas emissions. Data from a recent Ark Invest report highlights another utility for Bitcoin (BTC) mining in the realm of sustainability and energy. According to the findings, there is enormous potential to transform methane emissions into energy for Bitcoin mining, which, in turn, will turbocharge solar and wind-generated electricity at onsite wells. Important research from @skorusARK on #Bitcoin’s potential role in transforming methane emissions into bitcoin mining that will turbocharge....
It’s all about methane. Finally, an ESG analyst takes a look at the data and gives bitcoin mining the praise it deserves. In the paper “Quantifying the Potential Impact of Bitcoin Mining on Global Methane Emissions,” Daniel Batten confirms what Bitcoinist has been saying. Bitcoin mining is an ally to the environment. Not only that, […]
Bitcoin mining can use organic materials, such as methane, which contributes to climate change, therefore reducing the environmental impact from the gas.