Search Results for "energy consumption"
Ripple CEO Says Bitcoin PoW Energy Use Makes Square Target of Biden’s Climate Change Agenda
Ripple CEO thinks Bitcoin’s PoW energy consumption makes public companies who invested heavily in BTC, like Square, potential targets of Joe Biden’s climate change agenda.
Australian Blockchain Startup Power Ledger Deploys Blockchain Grid to Audit Renewable Energy
An Australian-based blockchain energy firm has bought a 250kW photovoltaic system, which will use the firm’s new energy data management and settlement system to offer greater transparency on renewable energy sold to consumers.
NY Legislators Push Energy Tax on Bitcoin Mining Operations
New York cryptocurrency miners may face an exodus as lawmakers propose aggressive legislation targeting their high electricity usage.
Michael Saylor Defends BTC Mining Council Embraces Decentralization
Michael Saylor refuted criticism over the newly formed Bitcoin mining council, emphasising that the council is committed to decentralization.
Microsoft Ventures into Nuclear Energy to Power AI Development
Microsoft is venturing into nuclear energy to support its growing AI and cloud computing needs. The company has posted a job listing for a Principal Program Manager in Nuclear Technology, focusing on the development of an energy strategy based on SMRs and microreactors. While this move aims to address the energy-intensive nature of AI models, it also raises questions about the environmental and logistical challenges associated with nuclear energy.
Did Elon Musk Inadvertently Promote Ripple (XRP) When He Dropped The Bitcoin Bomb?
Ever since Tesla CEO Elon Musk’s announced that the automaking company will be dropping Bitcoin payments, Bitcoin has plunged dramatically on the crypto market, shedding more than $10,000 of its value.
US Authorities Uncover Chinese-linked Bitcoin Mining Operations
US authorities have identified a significant number of Chinese-linked Bitcoin mining operations across the United States, sparking national security concerns. Published by The New York Times on October 13, the report highlights the close proximity of some of these operations to critical military and infrastructure sites. Amidst escalating US-China political tensions, the surge in Chinese Bitcoin mining operations in the US, coupled with their substantial energy consumption, poses critical questions regarding cybersecurity, energy sustainability, and geopolitical dynamics.
Elon Musk’s Concerns Over Bitcoin's Energy Consumption Are Misguided, Says Ark Invest
Ark Investment Management company has commented on Elon Musk’s concerns over Bitcoin mining's impact on the environment.
Sam Altman Advocates for Energy Breakthroughs in AI at Davos Forum
At the World Economic Forum in Davos, OpenAI CEO Sam Altman emphasized the need for an energy breakthrough to sustain future AI development, advocating for investment in fusion and other sustainable energy sources.
Proof-of-Stake Founder Sunny King, on his Crypto Journey Inspired by Elon Musk and Steve Jobs
In the recent conversation with CoinMarketCap, Proof-of-Stake Founder Sunny King revealed how his crypto journey is inspired by Steve Jobs and Elon Musk! He also debunked the myth that energy consumption contributes to the intrinsic value of cryptocurrencies.
Australian Companies Signed Deal to Develop Blockchain-Driven Virtual Power Plants
Power Ledger, a Perth-based energy trading software company, and Powerclub, an Australian electricity wholesaler, have signed a deal to offer households unparalleled authority over their energy usage via a blockchain-based virtual power plant.
Global Energy Sector: Blockchain Application to hit $6.29 Billion by 2024
BIS Research has presented a new market intelligence report dubbed ‘Global Blockchain in Energy Market - Analysis and Forecast, 2018-2024.’ It reveals that blockchain application in the energy market was worth $518.6 million in 2018 and its value will reach $6.29 billion in 2024.