Bitcoin has a notoriously high carbon footprint. The need to mainstream bitcoin and regulate cryptocurrency markets is likely to accelerate research into reducing the cost of storing renewable energy. Regulations to streamline cryptocurrency mining will ultimately lead to the use of renewable energy, bringing crypto closer to being accepted as legal tender. Bitcoin is not […]
Paraguay politician promises Bitcoin adoption if he is elected president – EQ Mag Pro
Recently, a Paraguay politician said he will push Bitcoin adoption by making it a legal tender if elected president (as if politicians keep promises). Okay jokes aside the politician, Carlitos Rejala has already proposed a Bitcoin bill to the government. And on his election, he will make it legal tender with full enthusiasm. Do note […]
Bitcoin Uses More Electricity Than Many Countries. How Is That Possible? – EQ Mag Pro
In 2009, you could mine one Bitcoin using a setup like this in your living room. Today, you’d need a room full of specialized machines, each costing thousands of dollars. Amount of household electricity required to mine one coin: a few seconds’ worth. Bitcoin’s value: basically nothing. Amount of household electricity required: 9 years’ worth. […]
Blockstream and Macquarie Group Partner on Pilot Investment in Bitcoin Mining Facilities and Explore Carbon Neutral Initiatives – EQ Mag Pro
The initiative builds on Blockstream’s previously announced collaborations with Aker and Square to establish renewable-powered facilities. Bringing together Blockstream’s market-leading Bitcoin technology and Macquarie Group’s (Macquarie) expertise in financial, energy and commodities markets and green infrastructure, Blockstream is pleased to announce a new partnership with Macquarie to pilot a Bitcoin mining facility and explore carbon […]
Tesla Will ‘Most Likely’ Restart Accepting Bitcoin As Payments, Says Musk
Electric-car maker Tesla Inc will most likely restart accepting bitcoin as payments once it conducts due diligence on the amount of renewable energy used to mine the currency, Chief Executive Officer Elon Musk said at a conference on Wednesday. Electric-car maker Tesla Inc will most likely restart accepting bitcoin as payments once it conducts due […]
Bitcoin Jumps Past $32,000 As Elon Musk Says SpaceX Owns Token
Elon Musk said that he personally owns Bitcoin, Ethereum and Dogecoin, while Tesla and SpaceX both exclusively own Bitcoin. Tesla CEO Elon Musk said his space exploration company also owns the digital token — and has no plans to sell it Elon Musk’s love affair with Bitcoin runs deeper than previously known. The billionaire head […]
Bitcoin Miners Navigate Extreme World of Crypto Power-Hunting
One weekend in late June, hundreds of gloomy Bitcoin miners crowded into a luxury.Read More.. Source : bloombergquint
Bitcoin Jumps After Musk Says Tesla Will Accept Crypto When Miners Use Clean Energy
Elon Musk also said that Tesla sold about 10% of holdings to confirm bitcoin could be liquidated easily without moving market. Tesla Inc Chief Executive Officer Elon Musk tweeted on Sunday that the electric carmarker will resume allowing bitcoin transactions when miners who verify transactions use more renewable energy. “When there’s confirmation of reasonable (~50%) […]
Twitter Co-Founder’s Payment Firm To Invest In Solar-Powered Bitcoin Mining Firm Blockstream Mining
Twitter’s CEO Jack Dorsey-led payment company Square Inc is collaborating with blockchain technology provider Blockstream Mining (‘Blockstream’) to build a solar-powered bitcoin mining facility. Square will invest $5 million to build an open-source, solar-powered Bitcoin mining facility at one of Blockstream Mining’s sites in the United States. Together, the companies plan to provide public transparency […]
Ark’s Wood Says Bitcoin ESG Push Makes Solar More Appealing
The value of bitcoin, the world’s largest cryptocurrency, has dropped approximately 30% this month due in part to concerns that its negative environmental impacts will discourage companies from adopting it. New York: A push toward relying more on renewable energy for bitcoin mining could make the underperforming solar industry more attractive, star fund manager Cathie […]