Bitcoin Mining Machine Efficiency Doubled in Five Years

A recent report by Coin Metrics has news for fans of energy efficiency: ASIC miners overall are reducing their energy consumption per coin produced. But which are the most efficient? For Mining Week, CoinDesk dug deeper to determine which of 11 popular mining machines were the most competitive.

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The Majority Of Bitcoin Mining Is Fueled By Sustainable Energy

Contrary to a Cambridge University study, Bitcoin mining leverages 52.6% sustainable energy, making it an appealing ESG investment.

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Green Energy: Encomiums As Bitcoin Mining Goes Nuclear in the U.S.

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US lawmakers appeal directly to 4 mining firms, requesting info on energy consumption

Four members of the U.S. House Committee on Energy and Commerce said they were “deeply concerned” that proof-of-work mining could increase demand for fossil fuels.

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US Lawmakers Tip Crypto Mining As Key To Energy Independence

Pete Sessions believes Bitcoin mining can help the US achieve energy independence. It comes as the conflict in Europe has pushed gas prices higher. Texas has become a hotspot for Bitcoin mining amid local political support.

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Imagine Mining Bitcoin With Nuclear Power – A Whole New Frontier

Mining bitcoin has generated a lot of debate over the last year regarding electricity and energy usage. Experts believe that a veritable option to revamp the mining industry could be nuclear energy.

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Russian energy company estimates multibillion damage from illegal mining

Rosseti, the largest Russian energy company, claimed damage from illegal mining in the amount of 450 billion rubles within the last three years. 35 cases of theft of electricity for cryptocurrency mining were revealed.

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US County Extends Rule Making Bitcoin Mining Firms Invest in Renewable Energy

The newly extended rule that crypto mining farms must offset energy consumption with renewables might also be made permanent.

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Local Governments Work To Shape Bitcoin Mining's Impact On Climate

Officials in Missoula County, Montana, changed the way crypto mining operations need to implement clean energy initiatives, helping set a standard for how local governments can hold mining operations responsible for the energy they use.

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Bitcoin Miners Believe The Industry Can Help Spur Clean Energy Adoption

While gathering at Fidelity's Mining Summit, bitcoin miners worked to dispel common mining beliefs and promote clean energy adoption, within the mining industry and beyond.

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How Using Solar Power Energy Can Help Make Crypto Mining Ecofriendly

How Using Solar Energy Can Help Make Mining Cryptos Ecofriendly Lately, there’s been a lot of concern about the environmental damages caused by crypto mining. These damages are caused by vast amounts of electricity consumed during the process of powering ASIC devices and mining cryptos.

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Energy Consumption Comparison Between Ripple, Bitcoin and Visa Sees XRP Win on Mining Costs

One of the biggest criticism against Bitcoin has been its energy-intensive Proof Of Work Algorithm. Just the phrase ‘Crypto-Mining’ is synonymous to operations that have high energy usage. Yet, mining remains the backbone of the crypto industry.

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Bitcoin Mining Trumps Gold Mining Energy Consumption Estimates

A new report claims that bitcoin mining consumes significantly more energy than mining gold. Here are the facts from the report and why they may be wrong. The post Bitcoin Mining Trumps Gold Mining Energy Consumption Estimates appeared first on CoinCentral.

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How To Mine Bitcoin More Efficiently…Use An Actual Mine in Norway

Bitcoin mining is unquestionably a costly business, but Northern Bitcoin claims to have cut expenses by using a former metal mine in Norway. Innovation Station Bitcoin mining is unquestionably a costly business, both in financial and ecological terms.

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Bitmain’s New 7nm Chip Miners Are Available for Purchase Today

Chinese mining giant Bitmain's 7nm Bitcoin miners go on sale today, November 8, 2018. Announced in September of 2018, the miners allegedly offer considerably faster hash rates (though Bitmain didn’t disclose any specifications) and come in two separate Antminer models: the S15 and T15.

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Bitcoin Mining ’50 Times More Useful’ – Barry Silbert Rebuts Energy Cost vs. Gold

Cryptocurrency industry figures continue to hit back at negative stories about Bitcoin mining in mainstream media, Barry Silbert claiming mining Bitcoin was “50 times more useful” than gold. What’s In A Number? In a tweet November 6, the Digital Currency Group founder and CEO rebutted claims over Bitcoin mining which originally surfaced in the Nature International Journal of Science.

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Bitfury Secures $80M in Private Funding Round

Cryptocurrency mining firm Bitfury Group has closed a Series C, $80 million funding round led by EU-based Korelya Capital. The round also included crypto merchant bank Galaxy Digital, Lian and Jabre Group, Dentsu Inc.

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New Crypto Mining Research Attempts to Sound the Alarm on Bitcoin’s Proof of Work Energy Usage

Crypto Mining Is More Energy Intensive Than Mining Any Other Material A shocking report by a British Journal Nature Sustainability shows that in the past two years, cryptocurrency mining has generated between 3 million and 15 million tons of carbon emissions.

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It takes three times more energy to mine Bitcoin than gold

According to newly published research, mining cryptocurrency takes nearly twice as much energy than mining gold, platinum, and copper. Bitcoin on its own, needs three times as much energy to mine than compared to gold.

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Iceland Farmers’ Innovative Solution To Bitcoin’s Energy Challenge

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.

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Bitcoin Closes the Week Softer on Back of Little Newsflow: BTCManager’s Week in Review November 5, 2018

The price of bitcoin closed the week around two percent lower – reaching the $6,350 level – on light volumes and a lack of major market-moving headlines. The main headline of the week was the publication of a research paper that suggested that bitcoin mining may accelerate global warming due to its high energy usage.

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Op Ed: Bitcoin’s Energy Consumption Is Neither Frivolous Nor Excessive

As the CEO of Hut 8, one of North America’s largest cryptocurrency miners and the world’s largest publicly traded cryptocurrency miner, I’m often asked questions about energy consumption in the mining of cryptocurrency.

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Bitcoin’s Energy Consumption To Disrupt the Planet if Not Controlled On Time- Reports

There has been a debate in some quarters if cryptocurrency mining and activities could actually lead to global warming? Irrespective of the fear of locals and some governments with regards to cryptocurrency mining activities, a lot of concentration had been given to Bitcoin mining and activities as a result of its price which is presently […] The post Bitcoin’s Energy Consumption To Disrupt the Planet if Not Controlled On Time- Reports appeared first on ZyCrypto.

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Crypto Miners in Iceland Turn to Farms in Search of Cheaper Energy

Cryptocurrency miners in Iceland are teaming up with farmers to solve electricity consumption issues and make mining greener and more sustainable.

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[VIDEO] Latest Blockchain and Crypto News For October 23rd

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 […]

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Iceland Bitcoin Mining Farm Utilizes Geothermal Energy Production to Offset Crypto Costs

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.

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Op Ed: In Defense of Bitcoin: A Response to Nouriel Roubini

Rhetorical style should never distract from the content of someone’s arguments. So when I heard that Nouriel Roubini testified to the U. S. Senate Committee on Banking, Housing, and Urban Affairs on the cryptocurrency and blockchain ecosystem, I decided to peruse his testimony and reflect on it.

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Wasteful? Iceland Farmers Says Bitcoin Mining is ‘Too Good to Be True’

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.

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New Samsung 7mn 7LPP Chips Could Reduce Crypto Mining Energy Use By 50%

Innovative Samsung Chips Could Be Beneficial for Cryptocurrency Mining Activities Samsung started to produce a new 7nm chip known as Low Power Plus (7LPP) process node. According to the company, the new chip is able to reduce energy consumption by up to 50 per cent.

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Can Nuclear Power Plants Benefit from the Bitcoin Mining Industry

There has been a great deal of criticism lately concerning bitcoin’s tendency to use more energy than a whole country. The claim is hotly disputed and some even say that it is better to use the excess energy than to waste it, which is something that bitcoin can do. But – wait a moment, while […]

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Class Action Suits Launched Against Cryptocurrency Mining Investment Company

The law offices of Pomerantz LLP in New York have filed a series of civil suits against MGT Capital Investment and its executive officers on behalf of several of the trading firm’s past or present customers.

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How Bitcoin Mining Can Help Nuclear Reactors

Generating electricity closer to full capacity and at a constant rate is the most economical, technically simple and safe mode of operation at nuclear power plants, according to NEA. Bitcoin mining can help by utilizing the excess energy reactors can generate outside peak seasons and hours of consumption, reducing the stress from powering up and […] The post How Bitcoin Mining Can Help Nuclear Reactors appeared first on Bitcoin News.

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Welcome To The Daily 2 – The All New Video Series By Crypto Daily

Introducing The Daily 2, the all new video series by Crypto Daily and proclaimed crypto evangelist, Brian Wilson. Don’t miss a thing, be sure to subscribe to The Crypto Daily Official YouTube channel which can be found here.

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Bitcoin Mining: Three Reasons Why Energy Consumption Rhetoric Is Pure Nonsense

When they aren’t bashing Bitcoin as a bubble, nocoiners can usually be found trying desperately to prove how the activities of miners will bring about the end of the world. Here are three reasons why the energy consumption rhetoric is utter garbage.

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Google mocks miners, says cryptocurrency ‘isn’t real money’

As if it hadn’t already given cryptocurrency enthusiasts enough reasons to hate it, Google has now taken a dig at the usefulness of cryptocurrencies. In a recent advertisement for its call screening service, the search engine giant mocked cryptocurrency’s high electricity consumption – and then went on to say that “it is not real money.

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Rebglo ICO (REB Token): Blockchain Crypto Project For Energy Circulation?

What Is Rebglo? REBGLO is a blockchain-based project that aims at addressing the current inefficiencies and the high power consumption rates in cryptocurrency mining through its software and hardware solutions.

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Novice, Intermediate or Expert? A Quiz to Test Your Bitcoin Knowledge

Think you know the ins-and-outs of bitcoin? Test yourself with 30 questions that grill you on Bitcoin’s history, technology and politics. The 30 questions are split up into three segments ranging from novice to intermediate to expert, and cover a wide range of topics across the Bitcoin landscape.

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Renewable Energy Can Solve Bitcoin’s (BTC) Energy Consumption ‘Achilles Heel’

Global Bitcoin mining operations have been reported to consumer enough energy to power an entire country. BTC mining has also been calculated to consume enough energy to power all the global electric cars for one year.

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Bitcoin Mining is More Environmentally Friendly than Gold Mining, According to Engineer

The act of Bitcoin mining has long been assumed to use up a dangerous amount of electricity. While the process does take up quite a bit of energy, it’s not nearly as wasteful as one would think when compared to other kinds of mining and minting.

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Study Reveals Growing Sophistication in Malicious Mining of Cryptocurrency

Several Chinese researchers from Fudan University, Tsinghua University and the University of California Riverside have produced the first systematic study of the malicious mining of cryptocurrencies, known as cryptojacking, unveiling increasing complexity over time.

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How Cryptocurrency Mining Could Help to Minimize Energy Wastage

Concerns regarding the carbon footprint of the cryptocurrency mining industry continue to grow after it came to light that the power required to run the Bitcoin network exceeded that power consumption of entire countries.

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Bitcoin Mining Uses a Lot Less Energy Than Mining Gold

Bitcoin mining is a power-intensive process. However, mining gold apparently requires twenty times more energy in comparison. This is according to Long Hash. However, it is the bitcoin mining power… The post Bitcoin Mining Uses a Lot Less Energy Than Mining Gold appeared first on CoinCentral.

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Innosilicon’s Impending ASIC Miner Could Challenge Bitmain’s Dominance

As controversies surrounding Bitmain’s looming IPO spell uncertainty for the future well-being of the mining goliath, competitors are fast to move in on the manufacturer’s territory.

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Bitcoin Hash Rate Doubles in Three Months, Mining Now Costlier Than Buying One BTC

According to research by Sam Doctor, a quantitative analyst at Fundstrat, Bitcoin mining costs have doubled since May. Increasing Hash Rate Late last week, Doctor released a cost analysis of the notoriously expensive Bitcoin mining process that supports the pioneer cryptocurrency.

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Can Cryptocurrency Mining Drive Further Growth to the Clean Energy Sector?

Although cryptocurrency mining contributes significantly to the greenhouse effect, the crypto mining industry may be the answer to further investment and growth for the clean energy sector. According to the World Economic Forum’s (WEF) report published on September 16, 2018, while many cryptocurrency miners use non-renewable sources, the cryptocurrency mining industry could benefit significantly if […] Can Cryptocurrency Mining Drive Further Growth to the Clean Energy Sector? was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

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Bitcoin mining consumes 20X less Energy than Gold Mining – LongHash

One of the most popular arguments against bitcoin technology is the argument that bitcoin mining consumes more electricity than some countries. However, a comparison by LongHash has revealed that bitcoin mining actually uses 20x less energy than gold mining.

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[promoted] Hashtoro Propels Cryptocurrency Cloud Mining

As an emerging cog in the global digital economy, cloud mining offers a tool for enthusiasts to mine cryptocurrencies such as bitcoin without having to acquire hardware or other oft-required elements.

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A Look at Cloud Mining Contracts: Are they a Good Investment?

Cloud mining and traditional mining are very different from each other. But, what exactly it is? Basically, when the bitcoin mining is done using the data center with shared power processing then it is known as Cloud Mining.

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Projects for Two Mining Pools Under Development in Russia

The Russian crypto association is working on two projects to create mining pools offering better conditions to the local mining companies. The industry has seen robust growth with an estimated 70,000 enterprises currently operating in the field, according to the organization.

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