mining

Federal governments globally must ensure that there are sufficient raw materials readily available to solar as well as energy storage programmers to safeguard the energy change.

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.

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

Cryptocurrency and its mining processes have often been blamed for their negligence of the environment as the tremendous amounts of energy required to power the business has even surpassed the power consumption of some small nations on the planet. This is further echoed by the fact that the energy requirements are often fulfilled by unsustainable methods, such as fossil-fuel based electricity generation, leading to carbon pollution at the hands of the industry.

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.

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.

Humanity is currently in the middle of the era of the Internet. The World Wide Web, digital media and globalization have all but transformed the very existence we are a part of. Everyday scenarios and situations have gained digital counterparts, and things that would once require significant effort are now available at the touch of a finger.

Nordgold intends to build a 13MW PV plant with battery storage that will provide power to its Burkina Faso gold mines, thanks to an agreement signed with Total Eren and equity investor Africa Energy Management Platform (AEMP) on Tuesday.

An Australian utility is to develop a 60MW solar farm that will be connected to two iron mines in Australia, transforming them into the first to be run entirely by renewables during the day.

Poland’s still-nascent solar market could witness a colossal boost in the future if two schemes unveiled this week succeed in reaching the finish line.

Caledonia Mining wants to build a solar power plant at its Blanket gold mine in southern Zimbabwe to ward off the worst from the country's increasingly volatile power supply.