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Nickel Bitcoiner
Nickel Bitcoiner
Posts: 47
Joined: Wed Dec 28, 2016 1:56 am

Bitcoin Mining Power Growing Bigger But Greener

Sat Jan 14, 2017 6:37 pm

Bitcoin has created a vast mining sector within the network’s economy that is growing exponentially. Mining bitcoin has spread the technology towards new thoughts concerning energy consumption, ways to utilize bitcoin mining’s heat source, greener energy solutions and more.

https://news.bitcoin.com/bitcoin-mining ... t-greener/

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Gold Bitcoiner
Gold Bitcoiner
Posts: 2682
Joined: Tue Nov 24, 2015 9:03 pm

Re: Bitcoin Mining Power Growing Bigger But Greener

Sat Jan 14, 2017 8:25 pm

Bitcoin has created a vast mining sector within the network’s economy that is growing exponentially. Mining bitcoin has spread the technology towards new thoughts concerning energy consumption, ways to utilize bitcoin mining’s heat source, greener energy solutions and more.

https://news.bitcoin.com/bitcoin-mining ... t-greener/
The global bitcoin mining economy consumes nearly $500 million in electrical and operational costs. Moreover, it’s estimated the bitcoin network could use as much electricity as Denmark by the year 2020.
I have looked into this too and besides making coin from Mining, you can heat your office or house with the excess energy, super cool.

If you have clean energy available to you, this is definitely a smart choice.
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stan.distortion
Nickel Bitcoiner
Nickel Bitcoiner
Posts: 24
Joined: Mon Nov 02, 2015 6:02 pm
Location: Ireland

Re: Bitcoin Mining Power Growing Bigger But Greener

Tue Jan 17, 2017 2:35 pm

How come I can't use the login here to comment on the article? And how come the article missed the most important bit?? We're not far from the point where the primary business shifts from mining to renewable energy, the electricity is sold during high demand periods and used for mining off-peak. Renewable energy and smart grids are hitting a lot of headlines at the mo but most of it's a load of trendy middleman crap, the big bang is a little way off yet and cryptocurrency is its catalyst.
Bitcoin maximalism is a lot like saying Debian-stable is the only distro and anyone using Debian-testing is a traitor. Rock solid systems have their place and so do advanced features, https://www.dash.org/

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