Fun

News Feed - 2023-09-22 07:09:00

Ezra Reguerra13 hours agoBitcoin mining can help reduce up to 8% of global emissions: ReportThe report highlighted that Bitcoin mining can convert wasted methane emissions into less harmful emissions.2642 Total views34 Total sharesListen to article 0:00NewsJoin us on social networksA paper published by the Institute of Risk Management (IRM) concluded that Bitcoin (BTC) has the potential to be a catalyst for a global energy transition. 


IRM Energy and Renewables Group members Dylan Campbell and Alexander Larsen published a report titled “Bitcoin and the Energy Transition: From Risk to Opportunity.” The paper argued that while BTC was perceived as a risk because of its energy consumption, it can also catalyze energy transition and lead to new solutions for energy challenges worldwide.


Within the report, the authors also highlighted the important function of energy and the increasing need for reliable, clean and more affordable energy sources. Despite the criticisms of Bitcoin’s energy intensity, the study provided a more balanced view of Bitcoin by showing the potential benefits BTC can bring to the energy industry.Amount of vented methane that can be used in Bitcoin mining. Source: IRM


According to the report, Bitcoin mining can reduce global emissions by up to 8% by 2030. This can be done by converting the world’s wasted methane emissions into less harmful emissions. The report cited a theoretical case saying that using captured methane to power Bitcoin mining operations can reduce the amount of methane vented into the atmosphere. 


Related:Bitcoin energy pivot achieves what ‘few industries can claim’ — Bloomberg analyst


The paper also presented other opportunities for Bitcoin to contribute to the energy sector. According to the report, Bitcoin can contribute to energy efficiency through electricity grid management by using Bitcoin miners and transferring heat from miners to greenhouses.


“We have shown that while Bitcoin is a consumer of electricity, this does not translate to it being a high emitter of carbon dioxide and other atmospheric pollutants. Bitcoin can be the catalyst to a cleaner, more energy-abundant future for all,” the authors wrote.


Magazine:How to protect your crypto in a volatile market: Bitcoin OGs and experts weigh in# Bitcoin# Mining# Bitcoin Mining# EnvironmentAdd reactionAdd reactionRead moreHow to send and receive payments on the Lightning NetworkCambridge Bitcoin Electricity Consumption Index updated to reflect hardware distribution and hash rate increasesMiner returns over $500K in BTC transaction fee overpayment to Paxos

News Feed

Bitcoin Reclaims Key Levels – New ATHs May Be Closer Than Expected
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Bitcoin Mining Infrastructure Provider Lancium to Bolster Battery-Powered Demand Response at 25 MW Texas-Based Facility
Bitcoin Mining Infrastructure Provider Lancium to Bolster Battery-Powered Demand Response at 25 MW Texas-Based Facility According to Lancium Inc., a crypto mining infrastructure fi
NFT Gaming Pioneer Vulcan Forged Launches New DEX for Gaming Tokens
NFT Gaming Pioneer Vulcan Forged Launches New DEX for Gaming Tokens press release PRESS RELEASE. Vulcan Forged has launched a new and revolutionary decentralized exchange for gaming
Spot Bitcoin ETF volumes shatter record with massive $7.7B traded
Jesse Coghlan4 hours agoSpot Bitcoin ETF volumes shatter record with massive $7.7B tradedTrading volumes for the ten new U.S. Bitcoin ETFs have set a new record, more than doubling their previous high from days ago.4524
Robinhood Launching New Non-Custodial Web3 Crypto Wallet
Robinhood Launching New Non-Custodial Web3 Crypto Wallet Trading platform Robinhood is launching a non-custodial, web3 cryptocurrency wallet. “Customers will be able to hold
Marco Castrovilli6 hours agoCrypto mass adoption is coming, but how fast?The latest Cointelegraph Report assesses the current growth rate of global cryptocurrency usage and tries to predict when crypto will reach mass ad
Despite Warnings from Regulators, the Ethereum Fueled Pyramid Scheme Forsage Thrives
Despite Warnings from Regulators, the Ethereum Fueled Pyramid Scheme Forsage ThrivesWhile Ethereum has seen a number of benefits from the decentralized finance (defi) movement and i
Brayden Lindrea7 hours agoRipple case: SEC appeal unlikely as agency gains from ‘current confusion’ — Haun Ventures CEOAn immediate appeal could potentially jeopardize the SEC’s “entire enforcement agenda” if
DOJ Tells FBI and Others: ‘Stop Signing Appreciation Notes for Binance’
DOJ Tells FBI and Others: "Stop Signing Appreciation Notes for Binance" The U.S. Department of Justice (DOJ) has requested federal agencies stop signing apprecia
Anthony Clarke10 hours agoBlockchain improves charity transparency — But is it right for everyone?Can blockchain technology actually help to improve transparency within charities?307 Total views11 Total sharesListen to
Wormhole Network’s Cross-Chain Bridge Exploited for Over $250 Million in Ethereum
Wormhole Network"s Cross-Chain Bridge Exploited for Over $250 Million in Ethereum Reports indicate that the Wormhole Network’s ethereum ↔ solana bi-directional bridge
Turkey proposes aligning crypto legislation with international standards
Prashant Jha15 hours agoTurkey proposes aligning crypto legislation with international standardsThe draft law aims to govern crypto asset service providers, crypto asset platform operations, crypto asset storage, and cry