How a Japanese Energy Giant Plans to Boost Renewable Energy Through Bitcoin Mining
A Japanese company aims to utilize excess energy from renewable sources, particularly solar and wind, for Bitcoin mining. Agile Energy X, a subsidiary of Tokyo Electric Power Co. (Tepco), has already installed experimental mining rigs in the Gunma and Tochigi prefectures near solar farms. The initiative seeks to prevent energy wastage by converting surplus green power into profitable cryptocurrency operations.
The idea was conceived by Kenji Tateiwa back in 2018 when he noticed that Japan often had an abundance of unused renewable energy due to output control measures implemented by companies like Kyushu Electric Power. Although not yet profitable, this venture could potentially generate $2.5 billion annually if just ten percent of the projected 240,000 gigawatt-hours of surplus energy is used for Bitcoin mining once Japan achieves its goal of having 50% renewable energy by 2050.
Source: t3n – digital pioneers
Compass Mining Energizes Thousands of Machines in Iowa
Compass Mining has successfully energized 4,000 new machines at their hosting partner site in Iowa as part of their expansion strategy for 2024. This addition brings Compass's total deployed power capacity across multiple states including Indiana, Ohio, Nebraska, and Texas to approximately 30 megawatts year-to-date.
This significant increase places Compass among the top-tier Bitcoin mining companies globally with five exahashes per second under management. CEO Paul Gosker emphasized that expanding into diverse geographic regions allows customers more options based on curtailment risks and market dynamics.
Source: FinanzNachrichten.de
Gryphon Digital Mining Presents at Global Investment Conference
Gryphon Digital Mining will present at the H.C. Wainwright Annual Global Investment Conference held from September 9-11 at Lotte New York Palace Hotel. Gryphon focuses on low-cost efficient operations with an ESG focus and operates a carbon-neutral certified facility in northeastern US.
The presentation aims to highlight Gryphon’s commitment towards environmentally responsible digital asset infrastructure development while pursuing a carbon-negative strategy.
Source: wallstreet:online
Your Chance To Win Big With The Bitcoin Lottery Miner!
NerdMiner introduces an innovative way for individuals with limited funds but keen interest in understanding blockchain technology through what they call "Bitcoin Lotteries." Despite slim chances akin to traditional lotteries—winning over three Bitcoins—the concept supports decentralization efforts within the network according to NerdMiner founder who spoke exclusively to BTC-ECHO.
Participants can improve odds slightly using specific strategies outlined during interviews conducted recently about how exactly these unique miners operate behind the scenes, making them accessible to everyone regardless of the technical expertise level involved initially starting out on the journey exploring the world of cryptocurrencies today!
Source: BTC-ECHO | Blockchain since '14
Sources:
- Wie ein japanischer Energiekonzern erneuerbare Energien ausgerechnet durch Bitcoin-Mining fördern will
- Compass Mining Energizes 4,000 Machines in Iowa, Expands Capacity by 30 Megawatts YTD
- Gryphon Digital Mining to Present at the H.C. Wainwright 26th Annual Global Investment Conference September 9, 2024 at 11:00am ET
- Chance auf 3,125 BTC: So funktioniert die Bitcoin-"Lotterie"
- Putin erkennt Russland als führend im Bitcoin-Mining an; 54.000 BTC im Jahr 2023 geschürft
- Compass Mining bringt 3.000 Bitcoin-Mining-Rigs in Anlage in Iowa zum Laufen
