#wind-powered bitcoin mining

[bitcoinversus]

Bitfarms Releases Footage, Offers Virtual Tour of Hydro-Cooled Mining Site in Paraguay

Bitfarms, a global leader in Bitcoin mining, has recently unveiled a virtual tour of its state-of-the-art hydro-cooled mining site located in Paraguay. The tour showcases the company’s advanced 50 MW facility in Paso Pe, which integrates cutting-edge hydro-cooled mining technology, a strategic move that underscores Bitfarms’ focus on sustainability and efficiency. Our 8 hydrominer containers in…

[mariacallous]

Anyone who has spent even 15 minutes on TikTok over the past two months will have stumbled across more than one creator talking about Project 2025, a nearly thousand-page policy blueprint from the Heritage Foundation that outlines a radical overhaul of the government under a second Trump administration. Some of the plan’s most alarming elements—including severely restricting abortion and rolling back the rights of LGBTQ+ people—have already become major talking points in the presidential race.

But according to a new analysis from the Technology Oversight Project, Project 2025 includes hefty handouts and deregulation for big business, and the tech industry is no exception. The plan would roll back environmental regulation to the benefit of the AI and crypto industries, quash labor rights, and scrap whole regulatory agencies, handing a massive win to big companies and billionaires—including many of Trump’s own supporters in tech and Silicon Valley.

“Their desire to eliminate whole agencies that are the enforcers of antitrust, of consumer protection is a huge, huge gift to the tech industry in general,” says Sacha Haworth, executive director at the Tech Oversight Project.

One of the most drastic proposals in Project 2025 suggests abolishing the Federal Reserve altogether, which would allow banks to back their money using cryptocurrencies, if they so choose. And though some conservatives have railed against the dominance of Big Tech, Project 2025 also suggests that a second Trump administration could abolish the Federal Trade Commission (FTC), which currently has the power to enforce antitrust laws.

Project 2025 would also drastically shrink the role of the National Labor Relations Board, the independent agency that protects employees’ ability to organize and enforces fair labor practices. This could have a major knock on effect for tech companies: In January, Musk’s SpaceX filed a lawsuit in a Texas federal court claiming that the National Labor Relations Board (NLRB) was unconstitutional after the agency said the company had illegally fired eight employees who sent a letter to the company’s board saying that Musk was a “distraction and embarrassment.” Last week, a Texas judge ruled that the structure of the NLRB—which includes a director that can’t be fired by the president—was unconstitutional, and experts believe the case may wind its way to the Supreme Court.

This proposal from Project 2025 could help quash the nascent unionization efforts within the tech sector, says Darrell West, a senior fellow at the Brookings Institution’s Center for Technology Innovation. “Tech, of course, relies a lot on independent contractors,” says West. “They have a lot of jobs that don't offer benefits. It's really an important part of the tech sector. And this document seems to reward those types of business.”

For emerging technologies like AI and crypto, a rollback in environmental regulations proposed by Project 2025 would mean that companies would not be accountable for the massive energy and environmental costs associated with bitcoin mining and running and cooling the data centers that make AI possible. “The tech industry can then backtrack on emission pledges, especially given that they are all in on developing AI technology,” says Haworth.

The Republican Party’s official platform for the 2024 elections is even more explicit, promising to roll back the Biden administration’s early efforts to ensure AI safety and “defend the right to mine Bitcoin.”

All of these changes would conveniently benefit some of Trump’s most vocal and important backers in Silicon Valley. Trump’s running mate, Republican senator J.D. Vance of Ohio, has long had connections to the tech industry, particularly through his former employer, billionaire founder of Palantir and longtime Trump backer Peter Thiel. (Thiel’s venture capital firm, Founder’s Fund, invested $200 million in crypto earlier this year.)

Thiel is one of several other Silicon Valley heavyweights who have recently thrown their support behind Trump. In the past month, Elon Musk and David Sacks have both been vocal about backing the former president. Venture capitalists Marc Andreessen and Ben Horowitz, whose firm a16z has invested in several crypto and AI startups, have also said they will be donating to the Trump campaign.

“They see this as their chance to prevent future regulation,” says Haworth. “They are buying the ability to avoid oversight.”

Reporting from Bloomberg found that sections of Project 2025 were written by people who have worked or lobbied for companies like Meta, Amazon, and undisclosed bitcoin companies. Both Trump and independent candidate Robert F. Kennedy Jr. have courted donors in the crypto space, and in May, the Trump campaign announced it would accept donations in cryptocurrency.

But Project 2025 wouldn’t necessarily favor all tech companies. In the document, the authors accuse Big Tech companies of attempting “to drive diverse political viewpoints from the digital town square.” The plan supports legislation that would eliminate the immunities granted to social media platforms by Section 230, which protects companies from being legally held responsible for user-generated content on their sites, and pushes for “anti-discrimination” policies that “prohibit discrimination against core political viewpoints.”

It would also seek to impose transparency rules on social platforms, saying that the Federal Communications Commission (FCC) “could require these platforms to provide greater specificity regarding their terms of service, and it could hold them accountable by prohibiting actions that are inconsistent with those plain and particular terms.”

And despite Trump’s own promise to bring back TikTok, Project 2025 suggests the administration “ban all Chinese social media apps such as TikTok and WeChat, which pose significant national security risks and expose American consumers to data and identity theft.”

West says the plan is full of contradictions when it comes to its approach to regulation. It’s also, he says, notably soft on industries where tech billionaires and venture capitalists have put a significant amount of money, namely AI and cryptocurrency. “Project 2025 is not just to be a policy statement, but to be a fundraising vehicle,” he says. “So, I think the money angle is important in terms of helping to resolve some of the seemingly inconsistencies in the regulatory approach.”

It remains to be seen how impactful Project 2025 could be on a future Republican administration. On Tuesday, Paul Dans, the director of the Heritage Foundation’s Project 2025, stepped down. Though Trump himself has sought to distance himself from the plan, reporting from the Wall Street Journal indicates that while the project may be lower profile, it’s not going away. Instead, the Heritage Foundation is shifting its focus to making a list of conservative personnel who could be hired into a Republican administration to execute the party’s vision.

[rjzimmerman]

Excerpt from this story from Canary Media:

Texas has become an all-around clean energy juggernaut, thanks to its lax permitting regime, fast grid-interconnection process, competitive energy market, and ample amount of solar- and wind-friendly land.

Its plans for the next year and a half underscore that status. As of July, the state intended to build 35 gigawatts of clean energy over 18 months, more than the next nine states combined, according to a Cleanview analysis of U.S. Energy Information Agency data.

Texas has long been the biggest player in U.S. wind energy. But in recent years, energy developers have raced to build solar in Texas too. Five years ago, the state had connected just 2.4 gigawatts of utility-scale solar to its grid; as of this past June, it had installed almost 22 GW of solar, per an American Clean Power report released this week. That’s nearly 10 times as much as back in 2019, and enough to propel Texas past California for large-scale solar installations.

Now Texas is writing its next chapter on clean energy: The state has become the nation’s hottest market for grid batteries as energy developers chase after its cheap solar and wind energy.

Given its staggering construction plans, Texas is set to only further solidify its place at the top of the clean energy leaderboard. But the rapid rise of the state’s clean energy sector has not yet yielded an outright energy transition, as the writer Ketan Joshi points out.

Though Texas has built more large-scale clean energy than any other state in absolute terms, it lags behind California — and plenty others — in terms of how clean its grid actually is. The Golden State met over half its electricity needs with renewables in 2023, per Ember data, while clean sources generated just 28 percent of Texas’ power. Electricity produced in the Lone Star State remains slightly more carbon intensive compared with the U.S. average.

Part of the story here is that, largely thanks to data centers and bitcoin mines, Texas is seeing some of the fastest growth in electricity demand of any state. That means much of the new solar, wind, and battery storage it’s building is just meeting new demand and not necessarily booting dirty energy off the grid.

The other hurdle preventing Texas from cleaning up its grid faster is the entrenchment of the fossil fuel industry in its local politics. Last year, the state passed a law creating a taxpayer-funded program to give energy developers billions of dollars in low-interest loans to build several gigawatts’ worth of new fossil-gas power plants.

In other words, the Lone Star state’s fossil fuel buildout isn’t ending even as its clean energy sector takes off. For Texas to be considered a true leader on decarbonizing the power sector — and not just a state that builds lots of everything — that will need to change. 

[unpluggedfinancial]

Bitcoin Doesn't Care Who's in the White House

In a world where headlines are dominated by politics and who's in power, it's easy to think that the fate of everything we value hinges on elections and leadership changes. But Bitcoin stands apart from all of that noise. Bitcoin doesn’t care who occupies the White House, which party controls Congress, or what policies are being debated on the Senate floor. It's a global, decentralized network that transcends borders, ideologies, and political shifts.

While the financial markets might respond to political promises and fiscal policies, Bitcoin follows its own code — literally. The fixed supply of 21 million Bitcoin, the halving schedule, and the consensus rules that keep it secure are immune to the whims of any political figure. No executive order can change its monetary policy, no legislation can increase its supply, and no government agency can decide its fate. This independence is at the core of what makes Bitcoin powerful. It's money for the people, designed to be resilient against central authority.

Every four years, nations might change leaders. Promises are made, broken, reinterpreted, or forgotten. But every ten minutes, another block is mined, adding to Bitcoin's blockchain — a symbol of consistency in an inconsistent world. Bitcoin provides financial freedom and sovereignty for anyone, anywhere, regardless of their country’s politics. It’s a reminder that while governments may come and go, and the political landscape can change like the wind, Bitcoin’s mission remains the same: to provide a fair, open, and predictable form of money for all.

This detachment from politics gives Bitcoin a unique appeal. It’s a form of savings that isn't tied to the political leanings or economic policies of any nation. People from every walk of life, regardless of political beliefs, are finding value in it. Bitcoin doesn’t discriminate; it’s not about left or right, but about forward. Forward to a world where individuals, not institutions, have control over their financial destiny.

Bitcoin’s resilience has been tested time and again. It has faced bans, regulations, misinformation campaigns, and skepticism from powerful institutions. Yet, it continues to grow stronger, largely because it cannot be controlled by any central authority. When governments print money to stimulate their economies, Bitcoin remains untouched by inflation. Its scarcity is coded into its DNA, making it a hedge against the devaluation of fiat currencies. This stability, in the face of economic uncertainty, draws people to Bitcoin as a secure store of value.

Consider the global nature of Bitcoin. It’s not only Americans who benefit from it being immune to Washington’s influence. Citizens of countries dealing with hyperinflation, strict capital controls, or political instability have turned to Bitcoin as a lifeline. It allows them to move value across borders, escape oppressive economic regimes, and preserve their wealth in a way that was never possible before. For many, Bitcoin represents hope — hope for a financial system that respects individual rights and freedom.

And while Bitcoin doesn't care who is in power, its very existence is a challenge to the traditional systems that thrive on centralized control. The beauty of Bitcoin lies in its simplicity and its fairness. Anyone with an internet connection can participate in the network, mine, trade, or hold Bitcoin without needing permission. This permissionless nature is revolutionary. It provides an alternative to those who feel left out or marginalized by the existing financial systems.

Bitcoin is often called “digital gold” because, like gold, it holds value beyond the reach of governments. But it’s more than that — it's programmable, portable, and easily divisible, making it accessible to everyone, from large-scale investors to individuals with only a few dollars to spare. Its technological foundation ensures that it remains a constantly evolving system, ready to adapt and improve without losing sight of its core principles.

In an ever-changing world, Bitcoin is a constant. It’s not influenced by campaign promises or election cycles. It continues to operate predictably and transparently, offering a form of financial security that doesn’t depend on political stability. It’s a system built by people, for people, where the rules are clear and can’t be manipulated by those in power. Bitcoin doesn't care who’s in the White House — and that’s exactly why it matters.

Take Action Towards Financial Independence

If this article has sparked your interest in the transformative potential of Bitcoin, there's so much more to explore! Dive deeper into the world of financial independence and revolutionize your understanding of money by following my blog and subscribing to my YouTube channel.

🌐 Blog: Unplugged Financial Blog Stay updated with insightful articles, detailed analyses, and practical advice on navigating the evolving financial landscape. Learn about the history of money, the flaws in our current financial systems, and how Bitcoin can offer a path to a more secure and independent financial future.

📺 YouTube Channel: Unplugged Financial Subscribe to our YouTube channel for engaging video content that breaks down complex financial topics into easy-to-understand segments. From in-depth discussions on monetary policies to the latest trends in cryptocurrency, our videos will equip you with the knowledge you need to make informed financial decisions.

👍 Like, subscribe, and hit the notification bell to stay updated with our latest content. Whether you're a seasoned investor, a curious newcomer, or someone concerned about the future of your financial health, our community is here to support you on your journey to financial independence.

Support the Cause

If you enjoyed what you read and believe in the mission of spreading awareness about Bitcoin, I would greatly appreciate your support. Every little bit helps keep the content going and allows me to continue educating others about the future of finance.

Donate Bitcoin: bc1qpn98s4gtlvy686jne0sr8ccvfaxz646kk2tl8lu38zz4dvyyvflqgddylk

[stephanmacro]

Study shows how wind and solar projects could profit from bitcoin mining

[padgettish]

There's also the fact that if you are on the conservative side of economic theory the thing that gives Bitcoin its value is the fuel you burn to solve the puzzle and mine the coin. The more virtual coins you mint the bigger the equations become and the more fossil fuel you have to burn and take out of the economy to do so. Bitcoin is, essentially, backed by a fossil standard. People have suggested using renewable energy to mine coins and fix the pollution problem but the thing is that while you use the same power you're only wasting half the money and therefore getting half the value because solar and wind have become so much cheaper in the past ten years.

[avatronmining]

Bitcoin Mining Data Center Ethiopia: A Revolutionary Leap in Crypto Mining

Bitcoin mining has revolutionized the financial world, and Ethiopia is now emerging as a significant player in this dynamic industry. With the establishment of Bitcoin Mining Data Center Ethiopia, the nation is stepping into the spotlight, combining its untapped energy resources with cutting-edge technology. This article delves deep into the role of data centers in Ethiopia, focusing on Bitcoin mining and its implications for the economy and technology sectors.

The Rise of Bitcoin Mining Data Centers in Ethiopia

Why Bitcoin Mining?

Bitcoin mining is the process of verifying and adding Bitcoin transactions to the blockchain ledger. It involves solving complex mathematical problems, which require substantial computational power and energy. Over the years, Bitcoin mining has become a lucrative business, attracting investments from around the globe. However, the process is energy-intensive, prompting miners to look for cost-effective and sustainable solutions.

Ethiopia: A Land of Opportunities 🌄

Ethiopia offers a unique combination of affordable energy and strategic location, making it an ideal destination for Bitcoin mining operations. The country's abundant renewable energy resources, particularly hydroelectric power, provide a sustainable and cost-effective solution for powering Bitcoin Mining Data Centers.

Key Features of Bitcoin Mining Data Center Ethiopia

The Bitcoin Mining Data Center Ethiopia is designed to be a state-of-the-art facility, incorporating the latest technologies to optimize performance and sustainability. Here are some of its key features:

Sustainable Energy Solutions

The data center utilizes Ethiopia’s vast renewable energy resources, including hydroelectric, solar, and wind power. This not only reduces operational costs but also minimizes the environmental impact of Bitcoin mining.

Advanced Cooling Systems

Efficient cooling is essential for the smooth functioning of data centers. The Bitcoin Mining Data Center Ethiopia employs advanced cooling systems to maintain optimal temperatures, ensuring uninterrupted operations.

Cutting-Edge Technology

The center is equipped with high-performance ASIC (Application-Specific Integrated Circuit) miners, designed specifically for Bitcoin mining. These devices offer superior computational power and energy efficiency.

Enhanced Security Measures

Given the high value of cryptocurrencies, security is a top priority. The data center implements robust security protocols, including biometric access controls, real-time monitoring, and advanced encryption techniques.

Scalability and Flexibility

The Bitcoin Mining Data Center Ethiopia is designed to scale operations as demand grows. Its flexible infrastructure allows for easy upgrades and expansions, ensuring long-term viability. 📈

Economic Benefits of Data Centers in Ethiopia

The establishment of Bitcoin mining data centers in Ethiopia brings significant economic benefits, including:

Job Creation

The construction and operation of data centers create numerous employment opportunities, ranging from skilled IT professionals to support staff.

Foreign Investment

Bitcoin mining attracts foreign investments, boosting the local economy and fostering technological advancements.

Revenue Generation

By hosting Bitcoin mining operations, Ethiopia can generate substantial revenue through taxes and service fees.

Technology Transfer

The presence of advanced data centers facilitates technology transfer, enabling local businesses and professionals to adopt cutting-edge solutions.

Challenges and Solutions

Energy Infrastructure in Ethiopia

While Ethiopia has abundant energy resources, its infrastructure needs further development to meet the growing demand. Investments in power generation and distribution networks are crucial.

Regulatory Framework

The lack of a clear regulatory framework for Bitcoin mining and cryptocurrencies poses a challenge. Policymakers must establish guidelines to ensure the industry’s growth while protecting stakeholders.

Technical Expertise in Data Center

The limited availability of skilled professionals in the field of cryptocurrency and data center management is another hurdle. Training programs and partnerships with international organizations can bridge this gap.

The Role of Data Centers in Ethiopia’s Digital Transformation

Data centers play a vital role in Ethiopia’s digital transformation journey. Beyond Bitcoin mining, these facilities can support various industries, including:

Cloud Computing of Bitcoin Mining

Data centers provide the infrastructure for cloud computing services, enabling businesses to store and access data seamlessly.

E-Government Initiatives

By hosting government data and applications, data centers facilitate the implementation of e-government initiatives, improving public service delivery.

Research and Development

Data centers offer the computational power required for advanced research in fields like artificial intelligence, machine learning, and big data analytics.

Telecommunications in Bitcoin Mining Data Center

The telecommunications sector can leverage data centers to enhance network performance and reliability, supporting Ethiopia’s growing demand for digital connectivity.

Future Prospects

The Bitcoin Mining Data Center Ethiopia represents a significant milestone in the nation’s journey towards becoming a technological hub in Africa. With the right investments and policies, Ethiopia can leverage its resources to attract global players and foster innovation.

Integration with Blockchain Technology

The data center’s focus on Bitcoin mining opens the door to broader applications of blockchain technology in Ethiopia. From supply chain management to secure voting systems, the possibilities are endless.

Expansion of Renewable Energy Projects

The demand for sustainable energy solutions in Bitcoin mining can drive investments in renewable energy projects, benefiting the entire economy.

Positioning Ethiopia as a Crypto Hub

By capitalizing on its strengths, Ethiopia can position itself as a leading destination for cryptocurrency and blockchain-related activities.

Conclusion: The Future of Bitcoin Mining in Ethiopia

The Bitcoin Mining Data Center Ethiopia is more than just a facility; it’s a symbol of the country’s potential to lead in the digital age. By harnessing its renewable energy resources and embracing technological advancements, Ethiopia is poised to make a mark in the global Bitcoin mining industry. As the world looks for sustainable and efficient solutions, Ethiopia’s data centers stand out as a beacon of innovation and opportunity.

The journey has just begun, and the future is bright for Bitcoin mining and data centers in Ethiopia. Whether it’s creating jobs, attracting investments, or driving digital transformation, the Bitcoin Mining Data Center Ethiopia is set to play a pivotal role in shaping the nation’s economic and technological landscape.

[dahabminers]

Debunking The Biggest Bitcoin Myths

In 2024 Bitcoin had more attention drawn to it due to President Trump’s immense support and promises, however, even with all this support that does not remove the fact that there are always stigmas against Bitcoin. These are comments that people make on it without keeping in mind that these comments can affect the reputation of the asset. However, because people still enjoy and trust investing in this asset, these myths will be debunked in this blog. 

Investing in Bitcoin is not a crime  Investing in assets to protect one’s wealth has been a practice for decades. People invest in things like silver, gold, and real estate. In this digital era, Bitcoin has been added to this mix. But due to the negative reputation it got people think it’s a crime to invest in it and that couldn’t be further from the truth.  

Bitcoin Mining In Dubai does not harm the environment and does not waste energy

Some people believe that Bitcoin mining in Dubai uses a lot of electricity and emits carbon dioxide. However, the truth is all the activities done by humans come with carbon emissions. Miners in general prefer to use clean energy sources such as hydroelectric, solar, wind, and geothermal power to support Bitcoin mining in Dubai. This has led to more successful utilization of clean energy than ever before.

Bitcoin mining in Dubai is not too complicated for the average person.

While Bitcoin mining is based on complicated algorithms and computational tasks it’s still a very accessible practice for the ‘average’ person to use. What you will need to prepare for this income is a miner, a suitable electricity environment, and joining a mining pool. 

Bitcoin Mining in Dubai will not get you rich quickly 

Even though mining does have a history of getting people rich, the truth is that Bitcoin mining in Dubai’s earnings are influenced by Bitcoin prices, which will always remain unpredictable. It’s a game for the patient people. When Bitcoin prices rise miners enjoy high returns. However, when the prices are not high the profits from mining can be very limited. And in times when the prices are at the lowest point miners might even turn off their machines to avoid more electricity costs. So before getting into the mining game, it’s important to understand the market fluctuations along with keeping in mind that you need patience for this to work. 

Final thoughts

As we covered previously, the idea of Bitcoin having a horrible reputation is just a myth because many don’t yet understand the idea of it fully and would much rather stick to traditional finance. However, in this digital era everything is now evolving including where you should invest your money. 

Before getting involved in investing in Bitcoin one thing to keep in mind is that this isn’t a game for the ones who want to get rich quickly. With Cryptocurrencies you need to have a lot of patience.

[blockinsider]

Bitcoin Price Rise Fuels $3.4M Revenue Boost for Argo Blockchain

Key Points

London-based Bitcoin mining firm Argo Blockchain PLC reported a significant rise in revenue for November despite a decrease in Bitcoin production.

The company’s resilience in the volatile crypto market is attributed to higher hash prices and a rise in Bitcoin prices.

Argo Blockchain PLC, a Bitcoin mining firm based in London, recorded a substantial increase in revenue in November, despite a decrease in Bitcoin production during the same period.

The firm has been dealing with financial difficulties but has shown resilience in the unpredictable cryptocurrency market. This growth was driven by higher hash prices and an increase in Bitcoin prices. Notably, Argo’s ability to flourish despite its challenges underscores its adaptability.

Argo Blockchain’s Earnings Growth Amid Output Challenges

The November production report for Argo Blockchain shows that it mined 39 BTC, a decrease from the 46 BTC produced in October. The company’s daily mining output also dropped from 1.5 BTC per day in October to 1.3 BTC per day in November. At the time of writing, the coin was trading for $96,007, up 1.26% in 24 hours.

This decline is indicative of a larger trend in the Bitcoin mining ecosystem, where fluctuations in BTC’s network difficulty affect output per machine. These changes directly impact mining profitability. Despite mining fewer Bitcoins, Argo’s revenue increased by 13.3% from October, reaching $3.4 million.

Marathon Digital Holdings has strategically addressed energy efficiency and reduced operational costs in response to similar challenges. The company recently acquired a 114-megawatt wind farm in Hansford County, North Texas, to power its mining operations. This acquisition is part of the company’s strategy to secure sustainable energy for its operations.

Argo attributed its revenue increase to higher hash prices and the rise in Bitcoin’s market value, which saw an uptick in November compared to October. This market shift significantly contributed to the overall growth.

The November update follows a rough third quarter for Argo, marked by a 28% decline in year-over-year revenue. The firm reported only $7.5 million in revenue for Q3 2024, compared to $10.4 million during the same period in 2023.

This decline can be partly attributed to the lack of power credits that had previously boosted Argo’s profitability. Mining margins fell from 58% to a mere 8% as operational costs and market challenges took their toll.

However, Argo’s net loss improved from $9.9 million in Q3 2023 to $6.3 million this year, signaling a potential recovery.

Market Reactions and Future Prospects

Following the release of the November update, Argo’s stock saw a 3.27% dip in pre-market trading, according to Nasdaq data. The shares are now valued at $0.79.

This reflects investor uncertainty despite increased revenue. Notably, the volatility of the Bitcoin market is a challenge for mining companies like Argo. Revenue gains and production drops can create mixed signals for shareholders.

However, Argo’s November revenue surge amid lower output reflects its potential strength in navigating market challenges.

Notably, the Bitcoin mining firm has maintained resilience amid uncertainty. Moving forward, the company’s success will depend on how effectively it adapts to fluctuating Bitcoin prices.

It must also navigate the evolving mining economics in an increasingly competitive industry.

[cryptogirl2024]

El Salvador Leads Bitcoin Mining Revolution with Volcanic Energy

El Salvador is redefining Bitcoin mining by leveraging volcanic geothermal energy, cutting costs and environmental impact. Utilizing active volcanoes like Tecapa, geothermal power stations generate clean, renewable energy, addressing high energy consumption and environmental concerns tied to cryptocurrency mining.

This approach minimizes reliance on fossil fuels, making mining sustainable and cost-efficient. Renewable energy’s stable supply and lower costs support broader crypto adoption, encouraging other nations with geothermal, solar, or wind resources to explore similar solutions.

Amid Bitcoin's near $100K surge and record ETF inflows, El Salvador’s initiative offers a model for sustainable crypto mining. Renewable-powered operations counter criticism of Bitcoin's environmental footprint, highlighting its potential to complement green energy goals.

By pioneering clean-energy Bitcoin mining, El Salvador showcases how sustainable practices can drive cryptocurrency adoption while aligning with global carbon-reduction objectives.

[bitcoinversus]

TEPCO Uses Solar Power to Mine Bitcoin

Japan’s largest power company, TEPCO, is leveraging its surplus renewable energy to mine Bitcoin through its subsidiary Agile Energy X. This initiative addresses a major issue in Japan’s energy sector, where solar and wind energy production often exceeds demand, leading to wasted power. ⛏️ A subsidiary of TEPCO is venturing into Bitcoin mining, aiming to utilize wasted renewable energy in a…

[lowendbox]

How Bitcoin Miners Are Becoming the Essential Power Source for AI Data Centers

Following the Bitcoin reward halving earlier this year, which reduced mining profits by 50%, many cryptocurrency miners are turning to artificial intelligence (AI) business models. In light of the cryptocurrency market’s volatility, Bitcoin miners are adapting their existing infrastructure to serve the data storage and computing needs of the AI sector. This transition not only provides a more stable and predictable revenue stream for firms operating in the mining industry, but it could also yield substantial benefits for the wider technology landscape. Energy has become a critical commodity in the AI industry due to the soaring demand for heavy-duty computing capacity. This is driven by AI applications such as ChatGPT, which reportedly require 10 times more energy than a standard Google search. To address this growing demand, AI companies are actively on the hunt for affordable power sources and large expanses of land for data centers. Having sufficient power available now is vital when considering it takes years to build high-performance computing (HPC) data centers from scratch, with current wait times for electrical-grid connections extending up to six years. In the industry’s favor, Bitcoin miners’ expertise in leveraging advanced equipment and securing substantial, low-cost energy makes them highly valuable partners for powering AI-driven data centers. In Bitcoin’s early days, miners discovered that expanding their computer rigs significantly boosted their profits, leading them to build vast server farms that harnessed cheap energy sources and operated around the clock – this is the scale that the AI industry is now seeking. Additionally, the advanced infrastructure developed by some Bitcoin miners, originally designed to solve complex cryptographic puzzles, is equally capable of handling the computationally intensive tasks required by AI. While not all mining rigs meet the standards of data center-grade infrastructure, more advanced miners have a proven track record deploying state-of-the-art technologies and engineering solutions like direct-to-chip cooling to get the best possible performance out of hardware. This capability enables Bitcoin miners to diversify their revenue streams and maximize returns on their investments. Many mining companies are already capitalizing on this opportunity. For example, Core Scientific (CORZ) has announced a partnership to host over 200 MW of graphic processing units (GPUs) for the AI startup CoreWeave. This contract is expected to generate net profits of approximately $3.78 billion, reflecting a 71% return. It’s clear that such collaborations can be a win-win situation as AI companies benefit from the infrastructure Bitcoin miners provide, while miners gain from the stability and potential profitability of AI computing revenue amid the current AI boom. With AI-driven data centers expected to account for 3% of the nation's electricity by 2026, and Bitcoin mining already consuming up to 2.3% of the nation’s electricity, their combined impact could lead to even greater energy demands and environmental consequences. Together, these two sectors could significantly strain the power grid and contribute to increased carbon emissions. In fact, the International Energy Agency (IEA) reported that data centers in the US will consume twice as much electricity by 2026, largely driven by the demands of cryptocurrency mining and AI. To reduce these risks and ensure a sustainable partnership, Bitcoin mining operations need to invest in renewable energy sources, including wind, solar, and hydroelectric power. New research suggests that integrating Bitcoin mining with green hydrogen could facilitate a faster transition to clean energy, potentially increasing the capacity of solar and wind power installations by up to 73%. AI technologies can also play a crucial role in enhancing sustainability by optimizing renewable energy usage, dynamically adjusting energy sources based on availability and cost to reduce carbon footprints. Notably, Bitcoin miners have experience leveraging renewable energy sources and demand response programs to deliver enhanced grid stability. As a uniquely curtailable load, Bitcoin mining is suited to active power management. This improves grid stability and helps support the usage of intermittent energy sources such as wind and solar. Flexible usage means renewables can be maximized, rain or shine. While some AI workloads are not curtailable to the same extent, the strategies and relationships developed by miners can help them ensure grid stability even as their overall energy usage increases. As Bitcoin mining evolves to support AI’s data and computing needs, prioritizing sustainability is essential. At the same time, we must not overlook the importance of establishing and adhering to regulatory frameworks. By implementing effective regulations, we can balance innovation with sustainable practices reasonably, ensuring technological advancements do not come at the expense of the environment. For instance, Germany has been at the forefront of enacting regulatory frameworks like the German Energy Efficiency Act. This legislation introduced new rules on energy efficiency, energy reuse, power supply from renewable energies and energy management systems – all intended to make the operation of data centers more sustainable. Implementing similar regulations that align technological advancements with sustainable practices can significantly help alleviate strain on the power grid and reduce energy consumption, while ensuring that growth benefits both the energy sector and broader business objectives. Ultimately, achieving sustainability in AI-driven and Bitcoin mining operations requires a collaborative effort between government and industry players. As these new partnerships develop, they promise benefits for both sectors. However, we must remain committed to reducing energy consumption and mitigating the impact on the power grid. By working together, we can ensure that these technological advancements drive progress while also supporting environmental stewardship.   LowEndBox is a go-to resource for those seeking budget-friendly hosting solutions. This editorial focuses on syndicated news articles, delivering timely information and insights about web hosting, technology, and internet services that cater specifically to the LowEndBox community. With a wide range of topics covered, it serves as a comprehensive source of up-to-date content, helping users stay informed about the rapidly changing landscape of affordable hosting solutions. Read the full article

[36crypto]

TEPCO Subsidiary Taps Bitcoin Mining to Harness Excess Renewable Energy

Tokyo Electric Power Co.’s (TEPCO) subsidiary, Agile Energy X Inc., is pioneering a new approach to reduce renewable energy wastage. The company is testing Bitcoin mining powered by excess renewable energy, such as solar and wind. This solution targets one of the critical challenges in renewable energy—the oversupply of electricity during periods of low demand. President Kenji Tateiwa, formerly…

[unpluggedfinancial]

Bitcoin Mining and Renewable Energy: Allies for a Better Future

Bitcoin mining has a reputation problem. It's often portrayed as an environmental villain—a power-hungry monster gobbling up electricity and contributing to climate change. But what if I told you that Bitcoin mining could actually be a key player in creating a sustainable energy future? It's time to flip the narrative and see how Bitcoin mining and renewable energy can work hand in hand, becoming powerful allies for a better future.

One of the biggest challenges facing renewable energy is the issue of intermittency. Solar and wind power are abundant when the sun shines or the wind blows, but they can be unpredictable. This fluctuation often leaves energy producers with surplus electricity that goes to waste because it's not immediately needed or can't be stored effectively. Enter Bitcoin mining—an energy consumer that is both highly flexible and scalable, capable of absorbing excess power whenever it's available.

Bitcoin miners can act as energy buyers of last resort, providing a market for otherwise wasted energy. By setting up mining operations close to renewable energy sources, miners can stabilize the energy grid, making renewables more economically viable. When energy production exceeds demand, miners can ramp up their operations, using the surplus power that would have otherwise been wasted. When demand on the grid is high, miners can scale down, allowing the electricity to be redirected to homes and businesses.

Take, for example, stranded energy projects. These are renewable projects that are located far from population centers and lack the infrastructure to transmit the energy where it's needed. Traditionally, these projects are not financially feasible because the cost of building transmission lines is too high. However, Bitcoin miners are mobile and can be deployed directly at the source, turning stranded energy into economic value. This not only helps support renewable projects but also encourages more investment into green energy by making even remote projects financially feasible.

Beyond grid stabilization, Bitcoin mining also contributes to energy innovation. By providing a consistent and incentivized demand for power, miners help renewable energy projects become more profitable, encouraging innovation and investment in better energy storage technologies and grid efficiency. Battery storage, in particular, could play a crucial role in the future of renewable energy by allowing excess power to be stored and used when needed. As battery technology improves and costs come down, the combination of battery storage and Bitcoin mining could create a more resilient and efficient energy ecosystem, where surplus energy is effectively managed and put to productive use.

Battery storage is the future of energy reliability, and Bitcoin mining is uniquely positioned to help accelerate its adoption. The key to a sustainable future lies not only in generating clean energy but also in efficiently storing and utilizing it. Battery technology allows us to store renewable energy for use during times when production is low, such as during the night or on calm, windless days. By coupling Bitcoin mining with battery storage, we can create a more balanced energy grid—one that can respond dynamically to both production surpluses and deficits. This creates a powerful synergy where renewable energy becomes more practical and profitable, driving further investment and innovation in the energy sector.

The narrative that Bitcoin and sustainability are incompatible needs to change—the truth is that Bitcoin mining could be a catalyst for clean energy adoption on a massive scale. Miners can become partners in the energy revolution, driving demand for renewables and providing economic incentives for energy innovation. Together, Bitcoin mining and renewable energy can create a cleaner, more efficient, and resilient energy landscape.

The energy landscape is evolving, and Bitcoin is in a unique position to support that evolution. By aligning economic incentives with environmental goals, Bitcoin mining can foster a world where financial freedom and sustainability grow together. It's not about being adversaries; it's about becoming allies for a better future—one where Bitcoin helps power a greener planet. With advancements in battery storage and smart grid technology, the future of energy looks bright, and Bitcoin mining can be a significant part of that journey.

Take Action Towards Financial Independence

If this article has sparked your interest in the transformative potential of Bitcoin, there's so much more to explore! Dive deeper into the world of financial independence and revolutionize your understanding of money by following my blog and subscribing to my YouTube channel.

🌐 Blog: Unplugged Financial Blog Stay updated with insightful articles, detailed analyses, and practical advice on navigating the evolving financial landscape. Learn about the history of money, the flaws in our current financial systems, and how Bitcoin can offer a path to a more secure and independent financial future.

📺 YouTube Channel: Unplugged Financial Subscribe to our YouTube channel for engaging video content that breaks down complex financial topics into easy-to-understand segments. From in-depth discussions on monetary policies to the latest trends in cryptocurrency, our videos will equip you with the knowledge you need to make informed financial decisions.

👍 Like, subscribe, and hit the notification bell to stay updated with our latest content. Whether you're a seasoned investor, a curious newcomer, or someone concerned about the future of your financial health, our community is here to support you on your journey to financial independence.

Support the Cause

If you enjoyed what you read and believe in the mission of spreading awareness about Bitcoin, I would greatly appreciate your support. Every little bit helps keep the content going and allows me to continue educating others about the future of finance.

Donate Bitcoin: bc1qpn98s4gtlvy686jne0sr8ccvfaxz646kk2tl8lu38zz4dvyyvflqgddylk

[poethnl]

New technology’s high energy consumption exposes the “fig leaf” of the U.S. power grid

70% of the grid access, transmission and distribution facilities in the United States are aging and outdated, and grid transmission lines are even seriously insufficient in some areas. This not only makes it difficult for clean power such as "wind and solar power" to be efficiently connected to the grid, but also makes it impossible to achieve efficient power transmission.

"The United States is currently experiencing a shortage of chips, then there will be a shortage of transformers, and there will be a shortage of electricity in the future." Tesla founder and CEO Musk recently said publicly. As artificial intelligence and Bitcoin mining become increasingly popular, the industry seems to have foreseen the cruel reality that the U.S. power system simply cannot support these new technologies, and the high energy consumption crisis they bring has unveiled the "fig leaf" of the U.S. power grid.Electricity demand may hit new highs this summer

The North American Electric Reliability Association recently released its latest long-term reliability assessment forecast. Artificial intelligence, Bitcoin mining, etc. are exacerbating the tightness of U.S. power supply. This summer, U.S. electricity demand could reach its highest level since 2016, while winter demand could reach its highest level since at least 2015.

The North American Electric Reliability Association pointed out that as more and more fossil fuel power generation installations are retired, power growth will become increasingly challenging. If extreme high temperatures occur in the summer, large-scale power outages will occur again in the United States.

The U.S. Energy Information Administration regards artificial intelligence, cryptocurrency, and electric vehicles as the three major drivers of the surge in U.S. electricity demand. In its report, it predicts that U.S. electricity demand will increase to 4,099 billion kilowatt-hours in 2024, and will increase to 4,099 billion kilowatt-hours in 2025. 4,128 billion kilowatt hours. In comparison, electricity consumption in 2023 will be 4,000 billion kilowatt-hours, with the previous record being 4,003 billion kilowatt-hours in 2018.The Washington Post quoted Andy Vengeros, general manager of the data center market at global real estate consulting firm Jones Lang LaSalle, as saying: "Power companies are not ready and don't know how to handle the power surge. In fact, we We have never faced such a demand for electricity before.”

U.S. Grid Strategies noted that electric utilities and grid operators have revised their forecasts for annual electricity demand growth over the next five years to about 1.5%, the highest level since 1990.

It is understood that 70% of the grid access, transmission and distribution facilities in the United States are aging and outdated, and grid transmission lines are even seriously insufficient in some areas. This not only makes it difficult for clean power such as "wind and solar power" to be efficiently connected to the grid, but also makes it impossible to achieve efficient power transmission.

Glen Lynch, founder of the American Power Grid Strategy Consulting Company, said that the United States needs to invest at least US$20 billion in new long-distance transmission lines every year. If the power grid does not undergo large-scale modernization and upgrades, by 2030, the United States will face an irreversible power gap. "Based on our forecasts for peak summer electricity use, the United States will soon face rolling blackouts if infrastructure improvements continue to be delayed," he stressed.

Artificial intelligence consumes huge amounts of power"We can't just think about computing power, but we need to consider energy consumption more comprehensively. If we only think about computers, we need to burn the energy of 14 earths. Super artificial intelligence will become a bottomless pit of power demand." Chief Executive Officer of U.S. technology giant Nvidia Executive and artificial intelligence technology expert Jensen Huang publicly warned.

Artificial intelligence technology relies on data centers and high-performance computing based on large numbers of servers, so it is extremely power-hungry. According to data from the Boston Consulting Group, by 2030, U.S. data center electricity consumption will triple from 2022 to 390 terawatt hours, equivalent to 7.5% of U.S. electricity demand.

Sam Altman, CEO of OpenAI, an American artificial intelligence research company, said that if artificial intelligence is to reach its full potential, the world needs energy breakthroughs like nuclear fusion.

Schneider Electric estimates that by 2028, the power consumption of artificial intelligence computing centers will account for 15% to 20% of the total power consumption of data centers. Taking training the GPT-3 large language model as an example, it consumes as much as 1,287 megawatt hours of electricity and produces approximately 552 tons of carbon dioxide, which is equivalent to the carbon emissions of 123 fuel vehicles driving for one year.

The digital currency and blockchain technology website "Digital Economist" pointed out that artificial intelligence servers are heavy power-consuming equipment. The power consumed by an Nvidia DGX A100 server is equivalent to the combined power consumption of several American households, which means that for Powering millions of such devices could easily overload the grid.Bitcoin mining increases power supply pressure

At the same time, the Bitcoin mining field has entered a period of rapid development, posing greater challenges to the U.S. power supply capacity. According to data from the U.S. Energy Information Administration, the electricity consumption of Bitcoin mining activities in the United States accounts for 0.6% to 2.3% of the annual electricity consumption in the United States, which is equivalent to the annual electricity demand of 3 million to 6 million households. As of now, Bitcoin mining shows no signs of slowing down in the United States.

The Digital Economist estimates that Bitcoin mining consumes 148.63 terawatt hours of electricity per year, which is equivalent to Malaysia’s national electricity consumption, and emits 82.9 million tons of carbon dioxide per year, which is equivalent to Bangladesh’s annual carbon emissions.

In fact, tracking Bitcoin mining is not easy due to the difficulty in identifying Bitcoin mining activity among the large number of power end users and the dynamic nature of Bitcoin mining. In the Bitcoin market, mining assets can be quickly moved to areas with lower electricity prices.

As mining activity continues to surge, the U.S. government is increasingly concerned about the negative impacts of this energy-intensive nature, including stress on the grid during peak demand periods, the potential for higher electricity prices, and the impact on energy-related carbon dioxide emissions.

[ladnst]

U.S. heat-related deaths hit record high

　　More than 2,300 heat-related deaths were reported in the United States last year, the highest number in the 45 years since records began, according to the Centers for Disease Control and Prevention.

But dozens of doctors and health experts said that number was a fraction of the actual death toll, according to a report published Friday by the Associated Press.

"We can say with confidence that 2023 is the worst year since we started having reliable reporting," said Dr. John Barbus of the U.S. Department of Health and Human Services Office of Climate Change and Health Equity. Most of the deaths occurred in the five southern States — Arizona, Texas, Nevada, Florida and Louisiana — accounted for 61% of U.S. heat-related deaths over the past five years.

　　From 1979 to 1999, these states accounted for only 18% of heat-related deaths in the United States—a clear sign of the impact of climate change. "Over the past five years, we've seen this sustained, record-breaking, unprecedented upward trend," Balbus said. "I think it's because the heat levels that we've seen over the past few years have outpaced our What we’ve seen over the past twenty or thirty years.”

Last year, more heat waves were recorded across the country than in any year since 1936.

Last summer, Phoenix experienced 31 consecutive days with temperatures above 110 degrees Fahrenheit. Therefore, it is urgent for energy storage to help stabilize power supply. We call on the society to support power construction and protect our people’s livelihood and safety!

　　70% of the grid access, transmission and distribution facilities in the United States are aging and outdated, and grid transmission lines are even seriously insufficient in some areas. This not only makes it difficult for clean power such as "wind and solar power" to be efficiently connected to the grid, but also makes it impossible to achieve efficient power transmission.

"The United States is currently experiencing a chip shortage, and then there will be a transformer shortage, and there will be a power shortage in the future." Tesla founder and CEO Musk recently said publicly. As artificial intelligence and Bitcoin mining become increasingly popular, the industry seems to have foreseen the cruel reality that the U.S. power system simply cannot support these new technologies, and the high energy consumption crisis they bring has unveiled the "fig leaf" of the U.S. power grid.