Greenergy
Bitcoin mining in Norway gets the green light as the proposed ban rejected
There’s Nor-way they can ban Bitcoin (BTC) mining in Norway now. That’s according to a majority vote passed by the Norwegian parliament on May 10. The proposal to ban Bitcoin mining in Norway was first suggested in March this year by the Red Party (Norway’s communist party.) In this week’s vote, the proposal was overturned as only Norway’s left-leaning parties, including the Socialist Left Party, the Red Party and the Green Party would support a ban on cryptocurrency mining. Jaran Mellerud, an Analyst at Arcane Research and a Cointelegraph confidant shed light on the developments: “The vote these parties lost was against banning large-scale Bitcoin mining overall.” “Having lost this vote, these political parties will likely make one more attempt at increasing the power tax specifical...
Seven times Bitcoin miners made the world a better place
What do a swimming pool, beef jerky, a caravan, timber, animal waste, a Guatemalan lake and a high school have in common? They’ve all been saved by Bitcoin (BTC) mining. From reusing “waste” heat to getting the job done — to receiving a cool blast of air to dehydrate meat, to cleaning up pollutants, Bitcoin mining does more than just secure the network. Here’s a round-up of seven times Bitcoin mining lent a hand or simply made the world a better place. Free Bitcoin mining education in Washington Sustainable Bitcoin mining company Merkle Standard has taken Bitcoin mining education into its own hands. In partnership with Bitmain, they recently gifted the latest in Bitcoin mining technology to Newport High School, a high school in Washington state. Plus, they donated $10,000...
Bitcoin miners believe global hash rate to grow ‘aggressively’
Bitcoin (BTC) seems to be on everyone’s mind lately as the world recently witnessed the price of BTC take a rather unexpected bearish turn this month. On January 21, 2022, Bitcoin reached six-month lows, sinking below $40,000 for the first time in months. While some panicked, other industry experts pointed out that the Bitcoin network has become verifiably stronger than ever before. The growth of the Bitcoin network has become apparent, as hash rate figures for BTC continue to set new highs this month. For example, on Jan. 22, the BTC network recorded an all-time high of 26.643 trillion with an average hash rate of 190.71 exahash per second (EH/s). The hash rate will continue to grow, which is a good thing Samir Tabar, chief strategy officer at Bit Digital — a publicly listed Bitcoin...
Enterprise blockchain to play a pivotal role in creating a sustainable future
Bitcoin (BTC) is often used to criticize all blockchain-based projects. This is understandable since Bitcoin was the first project to use a blockchain, is arguably the most recognizable and is the largest cryptocurrency by market cap. In the first half of this article, I will use Bitcoin as a proxy for all blockchain-based projects because most people associate blockchain with Bitcoin. Anything environmentally positive that can be said about Bitcoin will be doubly true for the vast majority of newer blockchain-based projects since Bitcoin uses the oldest version of blockchain technology. Blockchain energy consumption Bitcoin has been attacked for high energy consumption. Headlines pointing out that Bitcoin’s electricity usage is comparable to a country’s total consumption is a popula...
