Yes, Bitcoin is eco-friendly despite popular misconceptions
A common misconception seems to be that Bitcoin’s proof of work mechanism exceeds that of the many small nations, thus making it harmful to the environment and detrimental to power grids.
Latest energy News
Argo Blockchain launching new ‘clean energy’ mining pool
Argo Blockchain is partnering with Canada-based DMG Blockchain Solutions to launch Terra Pool, an alleged environmentally friendly BTC mining pool powered by sustainable clean energy.
Block reward miners get tax breaks in Kentucky
Kentucky Governor Andy Beshear has signed a pair of legislative bills that enable block reward miners to take advantage of tax breaks in the energy-rich Commonwealth.
Kentucky seeks to lure block reward miners with tax and energy incentives
The U.S. state will issue tax and energy incentives to the miners in a move they hope will create jobs and spur economic growth.
Kentucky senator wants green incentives extended to block reward miners
The bill, submitted to the Kentucky state Senate in early March, would work by amending the Energy Independence Act, which has been in force in the state since 2007.
China cracks down on block reward miners bypassing regulators
To reduce cost, block reward miners in China are switching from thermal powered facilities to hydro-powered operations.
Vodafone to use blockchain as tracking tool for Europe power grids
The new SIM-based identity system means the distributed capacity in power grids can be more effectively marshalled and controlled.
Crypto miners in Iran face new energy tariffs
The new rules include restrictions on the use of subsidized electricity, with a bounty of up to 20% of recoverable damages payable to anyone identifying illegal mining operations.
US DOE grants $1.05M for blockchain-based energy platform
The U.S. energy department has awarded a $1.05 million to four separate recipient organizations to create blockchain-based “energy Internet.”
Aussie blockchain-based energy firm to enhance solar distribution in Austria
Power Ledger has reportedly signed a deal with E-NEXT to launch its peer-to-per network in Austria’s second-largest city, Graz.
Data Gumbo gets $6 million during its series a funding
Data Gumbo will use the newly acquired $6 million in funding to expand its commercial network.
OVO invests in an energy tech company Electron
OVO, a major energy company in the United Kingdom, has invested in Electron through its recently launched intelligent grid technology division Kaluza.