2021-9-29 15:28 |
El Salvador’s president showed the supposed first steps of a geothermal Bitcoin mining facility.
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Many people doubted Nayib Bukele’s Volcano Bitcoin Mining plans, but here we are. The president shared a video via Twitter in which we can see an El Salvador government-branded container arriving at the geothermal power plant.
2021-9-29 06:31 | |
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The El Salvadoran government seems to be pushing ahead with its plans for bitcoin mining in the country, which would see the use of geothermal energy to power BTC mining activities in the country. Geothermal Energy for Bitcoin Mining Still in Place El Salvador President Nayib Bukele in a tweet on Wednesday (June 23, 2021),Read More
2021-6-23 17:00 | |
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Shortly after announcing bitcoin as a legal tender, the President of El Salvador, Nayib Bukele, proposed a new idea of using geothermal energy to power clean crypto-mining. While media outlets around the world are going a bit wild on this news, we wanted to see how the story plays out.
2021-6-11 14:45 | |
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Nayib Bukele, the president of El Salvador, invited bitcoin miners to set up at a state-owned geothermal facility powered by a volcano.
2021-6-11 18:05 | |
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El Salvador has begun exploring bitcoin mining using energy from its volcanoes, President Nayib Bukele has revealed. “Our engineers just informed me that they dug a new well that will provide approximately 95MW of 100% clean, 0 emissions geothermal energy from our volcanos,” he detailed.
2021-6-10 17:30 | |
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In a matter of 24 hours, El Salvador President Nayib Bukele has taken his Bitcoin project from ideation to execution as he took to Twitter to share that they are progressing fast in their plan to mine Bitcoin using renewable energy from the country’s volcanoes.
2021-6-10 16:13 | |
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A geothermal pit dug beside a volcano will help power Bitcoin mining operations in El Salvador, the country’s president said in a tweet last night. The post Fancy a Bitcoin mined via volcano? El Salvador is making that happen appeared first on CryptoSlate.
2021-6-10 10:10 | |
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Bitcoin’s energy-intensive mining process has been one of its greatest challenges and while various solutions have been proposed, none has quite solved the challenge. However, a group of farmers in a small village in Iceland have found an innovative way to earn cryptos while warming up their houses.
2018-11-5 21:00 | |
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Gavin Wood’s DIY DLT to Help Users Build and Deploy Do It Yourself Blockchains via Substrate and Polkadot Gavin Wood’s DIY DLT to Help Users Build and Deploy Do It Yourself Blockchains via Substrate and Polkadot Iceland Bitcoin Mining Farm Utilizes Geothermal Energy Production to Offset Crypto Costs Iceland Bitcoin Mining Farm Utilizes Geothermal Energy […]
2018-10-24 07:32 | |
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Iceland Mining Farm Presents Energy Use Problem The crypto space has traditionally been an opportunistic advancement for the common man. With enough interest and some technological knowledge, nearly anyone can grab onto the industry and try to make their fortune.
2018-10-24 00:02 | |
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A relatively small cryptocurrency mining operation in Iceland has come up with a simple, yet effective solution cryptocurrency mining’s electricity issues. It uses excessive geothermal energy from farmers’ machines to power up the mining equipment in a win-win situation.
2018-10-23 23:00 | |
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Bitcoin Press Release: With an entirely new code base, team, and a passion for the promotion and development of geothermal energy, Vulcano is breaking new ground in the blockchain world. October 19th, 2018, Singapore – Following its abandonment by the original developers, the Vulcano Project has been resurrected and is making fast inroads into business […] The post Blockchain Project Vulcano Announces Successful Relaunch appeared first on Bitcoin PR Buzz.
2018-10-19 13:51 | |
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The crypto industry has scored another first, as a junior U. S. Senator from Montana, Steve Daines, has lobbied against the planned closure of a coal-fired power plant in Rosebud County, arguing that its closure could harm the growing cryptocurrency mining industry in the state.
2018-8-28 19:11 | |
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Iceland will soon have a vibrant data centre operations industry in the country. This latest technology infrastructure expansion within the Nordic nation is the result of the pioneering efforts of bitcoin users who leveraged the supportive geothermal and hydropower conditions in Iceland to build expansive data centres to decode blockchain technologies.
2018-7-5 22:40 | |
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Cryptocurrency mining has quite an iffy reputation in Iceland as it’s a source of both pain and joy of the local community. Iceland has become a haven for Bitcoin mining due to their favorably cool climate and the cheap cost of geothermal and hydro-powered electricity.
2018-7-5 16:49 | |
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Cathedra will pay $55 per megawatt hour of power used plus 10% of gross bitcoin mined at the site.
The legislation would have capped the industry's participation in demand response programs.
Bitcoin miners are uniquely flexible energy consumers we can use as energy tools to help solve several energy problems.
As today’s energy market becomes decentralized, energy grid operators may need to take a Web3 approach to asset management and security.
Can Bitcoin mining be part of the solution for greenhouse emissions rather than part of the problem?
The proposal aims to recognize crypto mining as a commercial activity and introduce taxes on its realized profits.
"We are taking proactive measures to shut down operations, shed load and create additional capacity in response to ERCOT's needs should it be necessary,” said the Texas Blockchain Council on behalf of mining firms.