Nuclear-Powered Ohio Bitcoin Mine To Be 100% Carbon Free
Energy Harbor will provide carbon-free nuclear energy to Standard Power’s forthcoming bitcoin mining farm in Ohio.Independent power producer Energy Harbor has announced that it will provide clean nuclear energy to infrastructure-as-a-service firm Standard Power’s new bitcoin mining facility in Ohio through a five-year partnership. Energy Harbor plans to begin powering the mining farm in December 2021.“We are grateful that Standard Power has granted us the opportunity to serve them,” said John Judge, Energy Harbor president and CEO, in the announcement. “We are happy to partner with....
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California-based Oklo and Compass Mining will take the Bitcoin mining sector to the next level. These companies have consolidated a two-decade partnership to introduce advanced fission and harvest nuclear energy to substitute fossil fuels to mine BTC. Thus, the partners seek to diversify the Bitcoin mining sector and implement alternative sources of energy for this […]
Crypto companies are doing their best to go green by offsetting Bitcoin carbon emissions, but how accurate are their estimates? Debates regarding the amount of energy required to mine Bitcoin (BTC) have been ongoing. While tech pioneers such as Elon Musk have recently mentioned that the crypto industry is headed toward a greener future, some academic researchers have noted that mining BTC consumes more power than that of small countries. While these arguments are still hotly debated, it has become clear that awareness of green crypto initiatives has been on the rise. For instance, some....
Let’s imagine a nuclear power plant that integrates bitcoin mining on site. How does its profitability compare to a standard operation’s?
Bitcoin mining could be a proper asset to solve one of the significant issues in the Ukrainian energy sector: spending. A financial expert praised the recent push given by Ukraine’s government to nuclear-powered crypto mining across the nation. Crypto Mining Can ‘Smooth out’ Fluctuations in Consumption, Says Expert During an interview with Inshe, Alexei Mushak, an economic advisor to the former Prime Minister Oleksiy Honcharuk, Ukraine needs bitcoin (BTC) miners, but most importantly, to take advantage of the nuclear power plants that favor smooth operations while helping....
Friday, Ohio regulators banned Bitcoin-for-alcohol sales in the state. Ohio regulators impose a bizarre ban on bitcoin-for-alcohol transactions in the state. Nikhil Chand, founder of CoinNEO and Bitcoin Boulevard, patiently prodded state regulators about the legality of Bitcoin-for-alcohol transactions. The federal Alcohol and Tobacco Trade Bureau gave him the go-ahead. But when the Ohio Department of Public Safety finally issued an official response, it was not what he had hoped for. "Bitcoin cannot be accepted as payment for alcohol in the State of Ohio," state regulators decided. The....