On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
The blockchain and crypto firm DMG Blockchain Solutions has revealed a partnership with the crypto asset mining business Argo Blockchain. The two firms have decided to launch a bitcoin mining pool that’s focused on leveraging clean energy resources.
- DMG Blockchain Solutions (TSX-V: DMGI) and Argo Blockchain Plc (LSE: ARB) have recently entered into a Memorandum of Understanding to establish Terra Pool. The new bitcoin mining pool aims to utilize clean energy resources and will combine both DMG’s and Argo’s hashrate that uses hydroelectric-power.
- In recent months, bitcoin (BTC) mining and all proof-of-work (PoW) mining, in general, has been criticized for how energy-intensive these networks can be. DMG’s and Argo’s Terra Pool plans to keep bitcoin mining climate-friendly by focusing on clean energy solutions.
- “DMG’s increased innovative strength and continued focus on eco-friendly bitcoin mining has the opportunity to drive transformations in how the bitcoin mining community acts towards a climate-conscious future,” DMG CEO Dan Reitzik said in a statement.
- The two companies also said the new eco-friendly bitcoin mining pool will work with other members of the crypto asset mining industry if the operations “expedite the shift from conventional power to clean energy.”
- During the last decade, bitcoin miners leveraging renewable energy to mine BTC have utilized both renewable and surplus energy sources such as geothermal, wind, solar, natural gas, and hydropower. In more recent years, cogeneration concepts have been developed by leveraging the excess heat mining rigs release during use.
- Bitcoin’s hashrate captured 185 exahash per second (EH/s) this month and the network difficulty is the highest it has ever been in BTC’s lifetime. At the time of publication, 17 publicly-known bitcoin mining pools direct hashrate at the BTC chain.
- Argo Blockchain CEO Peter Wall believes that addressing clean energy efficiency in mining is a good idea for the planet. “Addressing climate change is a priority for Argo,” Wall stressed. “We are hopeful other companies within the bitcoin mining industry follow in our footsteps to demonstrate broader climate consciousness,” the Argo executive added.
What do you think about DMG’s and Argo’s clean energy Terra Pool project? Let us know what you think about this subject in the comments section below.
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