A Japanese Company Aims to Promote Renewable Energy with Bitcoin Mining
In Japan, the company Agile Energy X plans to use excess energy from renewable sources like wind and solar power for Bitcoin mining. This innovative idea aims not only to prevent energy waste but also to finance the expansion of sustainable energy. Kenji Tateiwa, President of Agile Energy X, developed this vision as early as 2018.
According to a company simulation, with a renewable energy mix of 50 percent, approximately 240,000 gigawatt-hours of excess energy could be generated annually. If ten percent of this were used for Bitcoin mining, it could generate an annual profit of around $2.5 billion. Despite current challenges, Tateiwa is optimistic about the future of this technology (Source: Trends der Zukunft).
Venezuela: Army Seizes 35 Bitcoin Miners
The Venezuelan army recently conducted a raid, confiscating a total of 35 illegal Bitcoin mining rigs in the state of Guarico. The action was justified on the grounds of increasing power outages; private mining initiatives will henceforth be considered illegal.
Although Nicolás Maduro aims to be more crypto-friendly, he seems determined to bring the entire mining industry under state control (Source: BTC-ECHO | Bitcoin & Blockchain since 2014).
Bitcoin Miners Reduce Holdings: Is Another Price Drop Imminent?
Data shows a decrease in Bitcoin miners' holdings since the beginning of September this year. This is often interpreted as a bearish sign, suggesting that miners might be selling their coins due to low profitability or to cover operational costs.
Despite a rise in their revenue, many miners have started to take profits amidst wider market concerns and uncertainties regarding Bitcoin's future price developments (Source: BeInNews Academy).
A Deep Dive into RollerCoin: The Virtual Mining Game
RollerCoin offers players a playful way to enter crypto mining without high costs or technical effort. Players can earn block rewards and build their virtual mining empires through various activities such as mini-games and quests.
Additionally, RollerCoin allows the mining of various cryptocurrencies, including Ethereum and Dogecoin, alongside the classic Bitcoin mining — all within a user-friendly interface (Source: Cryptopolitan).
Sources:
