Crypto mining recovery emerges amid expectations of cheaper energy

Crypto mining companies have been amongst the most heavily hit by the collapse in Bitcoin Core (BTC) prices. But following some 18 months of challenging trading, some indicators are now showing outlook for the sector turning more positive. A report in digital assets journal Diar noted that while miner revenues had fallen to fresh lows…

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5% of Italian Companies Use Blockchain Tech in Energy Sector

Italy has a great number of successful blockchain projects related to efficient energy management, notably in smart cities such as Bologna, Milan, and Venice. However, only 5% of the ventures involved in the energy sector take advantage of digital technologies and fintech. Development of Energy Projects  The second edition of the Digital Energy Report was…

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TerraGreen Aims At Creating A Better World By Generating Energy from Bio Waste

Around 100 billion metric tons of biomass waste gets produced each year, and as these wastes get rotten and decompose, they release gases such as methane which is very hazardous gas for the environment. Even though countries around the world come up with various projects to ensure proper waste management, most of them do not…

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Power Ledger Blockchain Firm Signs Deal with Japanese Green Energy Supplier

Western Australian blockchain startup Power Ledger will partner with Japanese renewable energy firm Sharing Energy. The deal will see he solar panel provider team utilise Power Ledger’s distributed ledger to track consumption of clean energy. The initial pilot will focus on just 100 customers of the Japan-based green energy firm. This, according to Power Ledger,…

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Major Spanish Energy Company to Use Blockchain in Renewable Energy Tracking

Spain’s major energy company, Iberdrola, has started using blockchain to track renewable energy, Spanish independent news agency Europa Press reports on Monday, Jan. 14. The first trial was conducted in cooperation with Kutxabank, a local bank based in the Basque Autonomous Community that owns a substantial part of Iberdrola’s equity, and its subsidiary Cajasur. During…

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Department of Energy Funds $5 Million for Blockchain Research

The United States Department of Energy has announced on January 7, 2018, that it has allocated $4.8 million dedicated specifically to research and development of four areas of which Cybersecure Sensors for Fossil Power Generation includes the application of blockchain.  DOE Plans to use Blockchain The funding aims to “develop the next generation of science and engineering…

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Two Mining Companies Among Georgia’s Major Electricity Consumers

Two companies mining cryptocurrencies have topped a list of the largest consumers of electricity in Georgia. In this crypto-friendly nation, however, that’s not necessarily a sin or a disadvantage. Energy-intensive enterprises in the Caucasian country purchase the power they need at wholesale prices. Also read: Huobi and Major Russian Bank to Provide Legal Help to…

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Researchers Say Bitcoin Mining Is Far More Green Than Reported

A new report from CoinShares says that Bitcoin mining is much more environmentally-friendly than is normally reported. The usual narrative applied to cryptocurrency mining is that it’s very energy-intensive and damaging to the natural environment. Critics say that the increasing power consumed by mining outfits will lead to disastrous consequences in the future. It is…

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Heat Your Home or Business With a Mining Rig

Bitcoin mining uses a lot of energy to power the processors, which in turn generate a lot of heat. We also use a lot of energy to heat up our living and working environment. If only we could combine… oh, hang on. Heatmine The precise level of harm that bitcoin (BTC) 00 mining exacts on…

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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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