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However, as of May 2022, after "it became clear that the [two west Texas] facilities would not receive the anticipated power load," Core Scientific stopped making various payments to Priority Power Management, Bros said. Neither firm immediately replied to CryptoX's request for comment as to why the power was not
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Miners aren’t just good for renewables. They can also make use of stranded methane, a potent greenhouse gas, that is often uneconomical to bring to market. Methane is frequently vented or flared from landfills, abandoned wells, and oil and gas operations. Original Source
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Saudi Aramco will explore co-developing blockchain-based technologies that could benefit its workers. Original Source
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Australia-based Bitcoin (BTC) mining company Iris Energy has revealed it will nearly triple its mining capacity with the addition of thousands of mining rigs.On Feb. 13 the firm said it purchased an additional 4.4 exahashes per second (EH/s) worth of Bitmain Antminer S19j Pro ASIC miners, bringing its self-mining capacity
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To power their mining operations, Bitcoin miners either purchase electricity from conventional and renewable energy sources or develop and run their own renewable energy facilities, turning them into energy consumers. Miners typically purchase electricity from energy providers, such as utility companies or independent power producers, to mine BTC. They
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The Toronto-based firm was able to pay for the plant with cash, so avoided taking on debt or diluting existing shareholders' equity, CEO Michel Amar said in a Wednesday press release. In March 2021, the company said it would pay $4.25 million in cash and stock. It hadn't responded to
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United States Environmental Protection Agency Administrator Michael Regan and Energy Secretary Jennifer Granholm were the recipients Feb. 6 of another letter on the environmental impact of cryptocurrency mining. Eight Democratic lawmakers headed by Elizabeth Warren reached out to the officials this time. The eight lawmakers acknowledged previous replies to official correspondence
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The new law allows miners to consume electricity from the national grid only when there is a surplus, effectively capping the industry's energy usage. The surplus will be distributed among licensed operators, who will be able to bid for the power. Those miners using renewable energy, imported electricity, or their
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The letter asked Granholm when the energy administration will implement a rule that makes it mandatory for firms to disclose energy data, and when the EPA plans to start collecting data from miners that generate more than the annual equivalent of 25,000 tons of carbon dioxide. The EPA has the
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During the winter storm in Texas in December 2022, Bitcoin (BTC) mining operators returned up to 1,500 megawatts of energy to the distressed local grid. It became possible due to the flexibility of mining operations and the ancillary services, provided by the state authorities. In his commentary to Satoshi Action Fund,
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