Crypto mining with Solar Energy
Elon Musk invested $1.5 billion in Bitcoin and a big spike has been seen in this digital currency. One of the reasons behind rising cryptocurrency use in transactions of varied nature is the way it is presented in the society. It is digital and exists in a database, where it is stored after being generated with the use of computing processors which require electricity to run. Geothermal power in Iceland and Hydropower has already been proven beneficial in crypto mining and solar energy can be beneficial for the same at locations where the sun shines well.
Mar 2, 2021 // Technology, Software, Blockchain, Elon Musk, mining, Bitcoin, cryptocurrency, Thomas Smith
Solar-Powered Bitcoin Mining
It is observable that the business of cryptocurrencies is a growing market, bitcoin alone has a value of 70 Billion Dollars. However, a growing issue with bitcoins is their mining process. Massive amounts of power are required to run these operations
Feb 26, 2021 // Technology, Software, Blockchain, USA, mining, North America, Bitcoin
Solar energy and cryptocurrency, on first glance these two fields look vastly different. But on closer inspection, we can spot a lot that is common and analyze how both domains converge in various aspects.
Feb 22, 2021 // Technology, Software, Blockchain, mining, Bitcoin, lithium batteries, Solar-Bitcoin
Pairing Solar with Crypto to earn more
In the realm of cryptocurrency, a growing trend is linking up the energy requirements for the mining operation with renewable sources of electricity generation to obtain more profitability. Mining cryptocurrency is greatly influenced by the source as well as the cost of electricity as this determines the potential profit margins.
Feb 17, 2021 // Technology, Software, Blockchain, mining, Bitcoin, Crypto
The Connection Between Solar and Bitcoin
Bitcoin and the solar energy industry are increasingly intertwined. For instance, buying solar panels with bitcoins is becoming easier. Several businesses, such as gogreensolar.com, AM Solar, and Spendabit, offer complete solar panel kits and accept bitcoin as payment.
Sep 23, 2019 // Markets & Finance News, SEIA, Australia, Oceania, Bitcoin, Laurent Schmitt, Power Ledger