Canadian city sets to supply residents heat using energy from Bitcoin mining
North Vancouver announced it will become the world’s first city to be heated almost completely by bitcoin mining, the recovered energy will be used to heat 100 residential and commercial buildings with a population of roughly 155,000. Starting in 2022, MintGreen, a cleantech cryptocurrency miner based in Canada, will join with the Lonsdale Energy Corporation […]
Square considers building a Bitcoin Mining system
CEO Jack Dorsey says square is considering building a Bitcoin mining system, this development comes after the firm had earlier announced it is with building a hardware wallet. The CEO of Square and Twitter, Jack Dorsey, is all in on Bitcoin, and the leading cryptocurrency has gradually become a focal point in his worldview. He […]
Bitcoin mining industry resumes in Iran after a three-month ban
Following a three months ban on crypto mining owning to excess power usage in Iran, crypto mining has been given the green light to resume, as it can no longer be blamed for stressing the electricity grid. Following a three-month prohibition issued by former President Hassan Rouhani on May 26, 2021, the Iranian government will […]
BrightRidge electricity provider may face the law for Bitcoin mining noise pollution
BrightRidge a Tennessee internet and electricity provider has been warned about the loud noise from a Bitcoin mining facility on its property. According to ABC Tri-Cities, officials have notified BrightRidge, a power and internet provider based in Washington County, Tennessee, about a loud Bitcoin mining plant operating on its property. A zoning law is allegedly […]
Study shows Bitcoin mining is estimated to represent 0.9% of global carbon emissions in 2030
New York Digital Investment Group (NYDIG) estimates that Bitcoin’s energy consumption will remain below 0.5 % of global carbon emissions over the next decade. This month, NYDIG released its ‘Bitcoin Net Zero’ research paper , which found that, despite rising prices, Bitcoin’s energy usage and carbon emissions will not soar in the next years. The […]