Friday, February 23, 2024
Home > Energy

AI’s energy consumption concerns echo Bitcoin mining criticisms, says Heatbit founder

Artificial intelligence (AI) and machine learning (ML) are demanding huge amounts of computing resources as interest in the space grows, but conventional Bitcoin (BTC) miners are not jumping on the bandwagon just yet.Speaking to Cryptox journalist Joe Hall at Web Summit 2023 in Lisbon, Portugal, Heatbit founder Alex Busarov believes

Read More

Binance to launch Thai exchange in joint venture with local energy giant

Binance will publicly roll out a Thailand-based crypto exchange in early 2024 via a joint venture with local energy giant Gulf Energy Development.A Nov. 15 Stock Exchange of Thailand filing by Gulf Energy said the venture, called Gulf Binance, will initially be available on an invitation-only basis with a public

Read More

IBM’s new AI chip offers 22X speedup with ‘mind-blowing’ energy efficiency

IBM recently debuted a new prototype artificial intelligence (AI) chip purported to be both faster and far more energy efficient than any chip currently available. According to research published in Science Magazine on Oct. 19, the new chip, dubbed NorthPole, “achieves a 25 times higher energy metric” on a relevant benchmark,

Read More

Pennsylvania Democrat Greg Vitali Scraps Proposed Crypto Mining Ban to Advance Energy Conservation Bill

"The crypto mining industry is a massive energy user," Vitali said at the time. "Globally, crypto mining consumes more energy than the countries of Argentina and Australia. This high level of energy usage places more stress on the environment and accelerates the climate crisis, in addition to raising costs for

Read More

Hamas’ Crypto Ties May Lend Energy to U.S. Sen. Elizabeth Warren’s Money Laundering Bill

The bill was co-sponsored by Sen. Joe Manchin (D-W.V.), who has often occupied a middle ground between the parties on important legislative issues, and Republican Sens. Roger Marshall (R-Kan.) and Lindsey Graham (R-S.C.). And Warren later gathered additional support from Sen. Dick Durbin (D-Ill.), chairman of the Judiciary Committee, and

Read More

El Salvador pioneers first Bitcoin mining pool, boosting renewable energy

El Salvador is launching its first Bitcoin mining pool, called Lava Pool, aiming to decentralize mining and leverage renewable energy. El Salvador is set to establish its first-ever Bitcoin mining pool after a historic collaboration between Volcano Energy and Luxor Technologies. The initiative aims to harness El Salvador’s distinct regulatory advantages

Read More

Kazakh crypto miners plead with president to cut energy prices

Local crypto-mining operators in Kazakhstan — the world’s third-largest market in terms of Bitcoin mining hash rate — are complaining about high energy prices to the country’s president. According to local media, eight major cryptocurrency mining operators signed an open letter to President Kassym-Jomart Tokayev. The list includes BCD Company, TT

Read More

Bitcoin miners double down on efficiency and renewable energy at the World Digital Mining Summit

Bitmain rolled out its next generation Antminer S21 and S21 Hydro ASIC miners at the World Digital Mining Summit in Hong Kong on Sept 22, revealing the crucial performance stats that the entire industry has been waiting for. The S21 has a hasrate at 200 TH/s and an efficiency at

Read More