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Companies, especially those traded on public markets, are under pressure to decarbonize, said John Belizaire, CEO of Soluna. As miners went public, their energy consumption became public information, and “and as you might imagine, no company, especially in the public markets, is immune to ESG pressures. We're all in the
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When a miner wins a block reward of Bitcoin, it is issued a matching amount of sustainable Bitcoin certificates (SBCs), which, like Bitcoin, are on-chain tokens divisible by 100 million. These tokens can be held or uncoupled from the Bitcoin coinbase and sold to institutional investors and ESG-focused investors, who
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Singapore-based crypto exchange KuCoin is launching a mining pool aimed at providing revenue to proof-of-work miners after integrating their rigs.In a Wednesday announcement, the exchange said its KuCoin Pool product would allow miners around the world to contribute to the Bitcoin (BTC) and Bitcoin Cash (BCH) and share rewards. At
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Is it wasteful to use electricity mining bitcoin? As the Biden Administration settles into power with an ambitious agenda around clean energy, notably promising to eliminate carbon emissions from the US power generation sector by 2035, the question of bitcoin mining and it’s ever-growing use of energy bubbles up once
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The incoming administration of Joe Biden has an opportunity to take the global lead in green mining for digital assets. It is no secret that there is a geopolitical struggle brewing over new forms of cryptocurrencies – both state-backed and private – and the best location for new capital formation
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Square will dedicate $10 million to the development of clean bitcoin mining technologies. Source
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