There are promising initiatives underway to create a sustainable blockchain sector. Here’s an overview of these initiatives, which include renewable power, energy-efficient protocols, carbon offsets, demand response and greener mining pools.
Bitcoin isn’t the first technology to come under fire about its energy use. A decade after facing similar critiques, the data center industry has become a key player in renewable energy and sustainability. We look at cloud computing’s energy journey, and the lessons – and potential roadmap – it provides for the Bitcoin sector.
The soaring price of bitcoin has boosted the fortunes of cryptocurrency miners, who are seeing strong profits amid surging investor interest in digital assets. Today one bitcoin miner announced a $250 million stock sale, while another is adding 47 megawatts of compute capacity.
Bitcoin specialist Coinbase is entering the market for low-latency colocation services, a move that could signal a shift in the data center industry’s relationship with the cryptocurrency world.
Looking to capitalize on the huge spike in the price of bitcoin, cryptocurrency mining operations are seeking unprecedented amounts of electricity to launch new facilities in Washington State.