mines

Others argue the state’s strategy of paying Bitcoin miners not to mine when the grid is under heavy load is nonsensical. “The most important thing a regulator can do is match assets and liabilities—match supply and demand,” says Ed Hirs, an energy fellow at the University of Houston. With the deterioration of the state’s fleet of fossil fuel plants, he says, allowing large-scale mining facilities to increase demand on the grid can only “exacerbate the situation” and invite further instability.In Texas, claims Hirs, crypto…

The U.S. government will require companies that mine for cryptocurrency to report information on their energy use. The Energy Information Administration (EIA) has said that starting next week, it will “survey identified commercial cryptocurrency miners, which are required to respond with details related to their energy use.” “We will specifically focus on how the energy demand for cryptocurrency mining is evolving, identify geographic areas of high growth, and quantify the sources of electricity used to…

The US Department of Energy (DOE) will begin collecting data on crypto mines’ electricity use, following criticism from environmental advocates over how energy-hungry those operations are. “We will specifically focus on how the energy demand for cryptocurrency mining is evolving, identify geographic areas of high growth, and quantify the sources of electricity used to meet cryptocurrency mining demand,” Joe DeCarolis, administrator of the Energy Information Administration (EIA), said in a press release today. “We will…

Marathon Digital Holdings mined 1,853 Bitcoin (BTC), which is a whopping 290% increase from December 2022. However, BlockDAG Coin (BDAG) is making a splash as a user-friendly option for both trading and mining. The project is currently in presale and has successfully raised $1 million within 24 hours. Moreover, BlockDAG X-series miners, especially the easy-to-use BlockDAG X1, show a move towards making mining simple for everyone.Meanwhile, Dogecoin’s (DOGE) price is primed for potential recovery. Marathon…

The same tunnels used to extract fossil fuels for centuries are now helping to heat British homes with clean energy from the Earth’s core. It’s called mine water heating and it has the potential to provide critical warmth to hundreds of thousands of homes in the country’s north. At least one quarter of UK homes sit above abandoned coal mines. Residents in these towns and cities concurrently grapple with skyrocketing energy bills. Tapping mine water heat from beneath their feet could be a…

Bitcoin mines aren’t just energy-hungry, it turns out they’re thirsty, too. The water consumption tied to a single Bitcoin transaction, on average, could be enough to fill a small backyard pool, according to a new analysis. Bitcoin mines are essentially big data centers, which have become notorious for how much electricity and water they use. Bitcoin’s water footprint is growing, according to the analysis published today in a commentary in the journal Cell Reports Sustainability. That’s an issue to watch as the price of…

December 1, 20232min readAn AI model could speed up laborious and dangerous demining effortsBy Lori YoumshajekianSignage indicates the presence of landmines at the position of a Ukrainian volunteer unit in a suburb of Kyiv on February 28, 2023. Finding and removing land mines is an excruciatingly slow process. Human deminers scour contaminated ground inch by inch with handheld metal detectors, waiting for the telltale beep of a magnetic anomaly. Although trained dogs are sometimes used, metal detectors have remained the…

The ongoing talks between US President Joe Biden and Chinese President Xi Jinping took an intriguing turn when both leaders discussed and praised their respective cars. Biden complimented Jinping’s official ride, the heavily customized Hongqi N701, popularly known as “Red Flag.” While commenting on the N701, Biden remarked that it’s a beautiful vehicle, akin to the Cadillac in which he is driven, famously known as “The Beast.” During their lunch together following the official talks, Biden jokingly informed Jinping…

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Canadian mining companies are starting to cast aside the diesel-powered trucks, loaders, and drills that have long-been the backbone of the industry for electric alternatives — a move that some industry experts say could make mining safer and less polluting.Mario Santos, mining director for Unifor, Canada's largest private sector trade union representing 9,900 mining and smelting workers, said he welcomes the shift. "I think it's a positive change. It's better than the processes we were using before," he told CBC…