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Genesis Mining Technologies (currently Butte Energy Inc.) Announces Increase and Full Subscription of Private Placement
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Genesis Mining Technologies (currently Butte Energy Inc.) Announces Increase and Full Subscription of Private Placement
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The hidden cost of mining Bitcoins
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By Matthew Field
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Today in Norilsk, the world’s most northerly city, the weather is minus 36 degrees Celsius, about average for the region where conditions can reach 50 below.
The Russian city within the Arctic Circle is known for its heavily polluting nickel mines, and acid rain and smog are common. But now, a new kind of mining is in town. Bitcluster, a Russian cryptocurrency start-up, has erected a giant scrap metal B - for Bitcoin - above a set of warehouses packed full of 5000 digital coin mining rigs.
Inside the dirty world of Bitcoin mining
The energy requirements of Bitcoin are expected to double this year, but some miners are turning to renewables to clean up their act
28 January 2021 • 12:00pm
Today in Norilsk, the world’s largest northerly city, the weather is minus 32 degrees celsius, about average for the region where conditions can reach 50 below.
The Russian city within the Arctic circle is known for its heavily polluting nickel mines, and acid rain and smog are common.
But now, a new kind of mining is in town. Bitcluster, a Russian cryptocurrency start-up, has erected a giant scrap metal B - for Bitcoin - above a set of warehouses packed full of 5,000 digital coin mining rigs.
BODEN, Sweden - December 15, 2020 - (Newswire.com)
Genesis Mining, the world s leading institutional crypto mining company, has announced the launch of a new pilot project that will focus on recycling excess energy waste from crypto mining facilities into sustainable heat and energy to power greenhouses.
The pilot project s objective is to address concerns about the excess energy waste generated by crypto mining facilities while also supporting the government s objective to become more self-sufficient in food production, rather than relying on imports.
Commenting on this potential, Mattias Vesterlund, Senior Researcher at RISE (Research Institutes of Sweden), said, A 1 MW data center would have the ability to strengthen the local self-sufficiency up to 8% with products that are competitive on the market.
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