Canada’s DMG Blockchain Puts 85 Megawatt Crypto Mining Facility Into Operation

Canadian blockchain and cryptocurrency company DMG Blockchain Solutions Inc. has energized its new crypto mining facility, according to an announcement published Nov. 8. DMG states that the facility will start at 60 megawatts, and can expand its capacity up to 85 megawatts. DMG Blockchain Solutions initially revealed its plans to launch the station in July,…

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Use of Blockchain in Major Industries by Numbers: Retail, Manufacturing, Finance, and Others

Many startups, major conglomerates, supply chain operators, and distributors have attempted to integrate blockchain technology over the past two years, to increase transparency and reduce the power of central entities in data processing. With billions of dollars being invested annually by major corporations in blockchain development, the emerging technology has become the focal point of…

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Bitcoin Using As Much Energy As The Entire World |BITCOIN MINING| |Technology|

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Next Generation Blockchain Boosts Speed and Energy Efficiency on Global Scale

The first international trial of next-generation Red Belly Blockchain has shown increased speed and energy efficiencies at a global scale. Red Belly Blockchain, developed by the technology arm of Australia’s national science agency, CSIRO’s Data61, and the Concurrent Systems Research Group at the University of Sydney, today announced the outcomes of its first large-scale experiment,…

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Developer Completes 'Proof-of-Life' Off-Grid Crypto Transaction Primed for Post-Apocalypse

A developer known as “Daniel Jones” on Twitter claims to have completed a solar-powered, off-grid crypto transaction using shortwave radio and blockchain, The Next Web reports Tuesday, September 18. The project was reportedly devised in response to the CallForCode challenge, which challenges tech innovators to improvise with existing tools in order to find relief solutions…

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U.S. Senate Sees Blockchain Changing Energy Sector

The United States Senate sees blockchain as a future part of the energy sector. This came as information released by the U.S. Senate Committee on Energy and Natural Resources this month. Blockchain Technology Has Potential in the Energy Sector The hearing discussed possible applications of distributed ledger technology (DLT) in the energy sector. The committee considered…

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Titanium and Deuterium, Shaken, not Stirred: Deneum Reveals its Power Station to Revolutionize Global Energy Market, Gears Up For $89 Million ICO | BTCMANAGER

Deneum Breakthrough in Particle Physics Allows its Power Stations to Generate 95 percent Cheaper Electricity, Autonomously, at Any Conditions. Moscow, July 19, 2018: Deneum, an IT company to shift the paradigm of the energy industry with its Deneum Power Station, announced it had successfully concluded a $770 000 private sale. Deneum now gears up for…

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Walmart Awarded Patent for Crypto-Powered Energy Consumption Management System

U.S. retail giant Walmart has won a patent for the development of an electrical grid that will be powered by Bitcoin (BTC) or other digital currency, according to a patent application published June 14 by the U.S. Patent and Trademark Office (USPTO). The system is designed to help companies better manage energy consumption and regulate…

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It’s A Bird! It’s A Plane! No, It’s Baidu’s Super Chain!

Super Chain intends to battle the evils of cryptocurrency mining energy consumption. On Sunday, Baidu, the company behind China’s popular search engine, announced it was releasing a blockchain platform dubbed “Super Chain” in hopes of decreasing the amount of energy required to mine cryptocurrency. During the small conference, Baidu’s chief blockchain scientist, Xiao Wei, claimed…

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Bitcoin Mining’s Electricity Bill: Is It Worth It?

They say it takes money to make money; in order to make a profit off Bitcoin mining, you have to buy mining equipment and pay your electricity bill first. As more miners join the Bitcoin network, some individuals fear that the amount of electricity consumed by mining will have a negative impact on the environment….

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Bitcoin mining takes a big slice of world energy

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Bitcoin Network Energy Demand To Skyrocket By End Of Year

Bitcoin mining is potentially lucrative, but it’s also increasing the world’s energy consumption. This week, economist Alex de Vries published some eye-popping estimates. In a society concerned with energy conservation and the human toll on our environment, the energy consumption required to successfully mine bitcoin is a rising concern. On May 16, economist Alex de…

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IBM Partners With Veridium Labs To Let Companies Track Carbon Footprint Via Blockchain

IBM announced a partnership with Veridium Labs to tokenize carbon credits that will allow companies to track their carbon footprint with blockchain today, May 15, in press release shared with Cointelegraph. CEO and Veridium cofounder Todd Lemons said that the use of blockchain to measure carbon emissions through the supply chain will address the issues…

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UN Agency Announces Renewable Energy Pilot In Moldova

The United Nations Development Programme is planning a blockchain-related pilot in Moldova through which it will test a system for financing the installation of solar cells. The United Nations Development Programme (UNDP) is planning a pilot project to test a system that allows individuals to invest in solar energy-generating cells and effectively receive rent from…

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Australia Will Become Home to a 20 MW Bitcoin Mining Operation Powered by Solar Energy

Cryptocurrency mining is an industry which attracts a lot of attention all over the world. Combining such efforts with renewable energy will often result in a profitable business. If things go according to plan, Hadouken Pty Ltd will set up a 20 MW solar farm to mine cryptocurrencies in Australia. It is a positive development…

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Saudi Arabia’s Energy Sector Prepares to Embrace Blockchain Technology

There has always been a question as to how one could use blockchain technology for the benefit of millions of people. Outside of the financial sector, a fair few use cases are being explored right now. Surprisingly, it seems Saudi Arabia is leaning toward using this innovative technology to revolutionize the energy sector. With a peer-to-peer trading…

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European Utilities Look to Blockchain Technology to Stay Ahead of the Competition

European utilities will begin directly trading with one other using blockchain technology to stay ahead of emerging technology and stave off competition from agile startups and digital companies. According to Reuters, energy operators previously tested blockchain technology for wholesale trading. However, Enerchain, the peer-to-peer trading initiative will go live in the second or third quarter…

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Bitfury Expands to Norway With $35 Million Bitcoin Data Center

Bitcoin mining giant and blockchain tech provider Bitfury is branching out to Norway. After meeting with government officials and partnering with local business leaders, the company is opening the doors of its new energy-efficient, data-mining center, in which executives have already invested $35 million. The center is stationed in the Mo Industrial Park in the…

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