Skip to main content

MLB Team Washington Nationals Partners With Terra Blockchain Community, Ballpark Plans to Accept UST

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...
Post a Comment

Immersive cooling tech could help Bitcoin mining go green by 2030

Immersive cooling technology helps to increase hash rates and minimize energy output.

Immersive cooling technology may help with the transition to zero-emission Bitcoin mining Bitcoin Mining Council (BMC) member Hass McCook told Cointelegraph. 

McCook, known online as Friar Hass, believes the industry is on track to hit the goal by 2030.

Immersive cooling involves submerging Bitcoin mining ASICs into a specialized cooling fluid, which absorbs and recycles heat from the data center. This method of Bitcoin mining increases productivity.

Earlier this month, Bitcoin mining company Riot Blockchain announced that it will be developing 200 megawatts of immersion-cooled Bitcoin mining infrastructure at its Whinstone Facility. Based on the company’s preliminary immersion-cooling test results, it expects hash rate to increase by 25%, and ASIC performance to increase by up to 50%.

Brian Roemmele, co-host of Around the Coin podcast, posted a photograph of an immersed Bitcoin mining rig on Oct 29 on Twitter, claiming that “by submerging Bitcoin Miners in liquid, heat and noise is reduced by 95% and we can recapture up to 40% of the heat and convert this to power”.

“Bitcoin will be 100% green by 2024,” he added, “No other system will be more green”.

Although McCook does agree that Bitcoin can become carbon neutral, he is less optimistic about the time frame.

“I do believe by 2030 it’ll be zero emissions, but I think 2024 is a bit ambitious,” he said. “And I think that immersive cooling tech might be part of the move to green”.

“So in terms of sustainability, you get durability, and you don't have to manufacture as many of these things,” he added.

Immersive cooling can reduce the need to replace equipment and the amount of energy required to cool rigs while mining BTC. While that mitigates the environmental impact of mining, it does it in an attractive way for miners, said McCook.

“The move to green Bitcoin mining won’t be for environmental reasons. It'll be to get miners’ cost basis down to improve their profits."

He added that the main game was really about whether miners use sustainable energy sources.

“The harsh truth is when you plug your equipment into the wall, you get whatever it is that's on the other side of that plug,” said McCook.

“So really, for Bitcoin to properly become zero emission, the underpinning grid has to be zero emission.”

Read more: To the roots of mining: Bitcoin going green faster than ever

Bitcoin is edging closer towards a sustainable future. According to recent findings from the Bitcoin Mining Council, the North American members surveyed are currently utilizing electricity with a 65.9% sustainable power mix.

“Based on this data it is estimated that the global mining industry’s sustainable electricity mix had grown to approximately 57.7%, during Q3 2021, up 3% from Q2 2021, making it one of the most sustainable industries globally,” wrote the BMC.

Microstrategy CEO Michael Saylor said: “This quarter we saw dramatic improvements to Bitcoin mining energy efficiency & sustainability due to advances in semiconductor technology, the rapid expansion of North American mining, the China Exodus, and worldwide rotation toward sustainable energy & modern mining techniques,”

https://ift.tt/3pI6TJU
Labels:

Comments

Post a Comment

Popular posts from this blog

Blockchain Software Firm Consensys Acquires Mycrypto Ethereum Wallet

On February 1, the blockchain infrastructure firm Consensys has revealed it has acquired the Ethereum-based wallet Mycrypto and plans to merge the wallet into Metamask. The price Consensys paid for Mycrypto was not disclosed but the announcement notes that the acquisition will “further improve the security of all the products.” Consensys Obtains Mycrypto Ethereum Wallet, Plans to Merge With Metamask in the Future Consensys has acquired the Ethereum-based wallet Mycrypto for an undisclosed sum according to an announcement released on Tuesday. The deal aims to strengthen the company’s Ethereum wallet Metamask and “enhance Web3 experiences.” The eventual merger between the two Ethereum interfaces will “provide users with a heightened experience that is even more extensive and secure,” according to Consensys. Consensys is an Ethereum software company led by one of the Ethereum co-founders Joseph Lubin. The Web3 wallet Metamask, with 21 million monthly active users (MAUs) is owned by C...
Post a Comment
Read more

Earn up to 50% APY by Staking $GLQ on GraphLinq App

PRESS RELEASE. The newest utility token to offer staking to its users/holders is GraphLinq Protocol’s $GLQ. As of this article, $GLQ has 4,500+ holders according to etherscan, excluding GLQ holders on CEX like Kucoin, MXC, Gate. This is a great step for the future of the project as it will further incentivize more users to hold. Explore more about GraphLinq, its staking mechanism & steps to stake. What Is GraphLinq? GraphLinq – The No Code protocol for automating actions on-chain & off-chain, launched in just March 2021, has come a long way bringing users in the crypto space a never seen model of integrating blockchain automation on any blockchain-related/non-related task. The goal of the GraphLinq protocol is to allow users to interact blockchains with any connected system as effortlessly as possible without any prior knowledge of coding. GraphLinq ecosystem currently consists of an engine, an integrated development environment ( IDE ) & an app to provide automated...
Post a Comment
Read more

The Congolese Mountain of Gold: Surprise Discovery in Africa Shows Metal’s Scarcity Is Hard to Prove

A myriad of gold bugs like to compliment the yellow precious metal for its ostensible scarcity, as estimates say only 2,500 to 3,000 tons of new gold is produced annually. While new gold discoveries have seemingly slowed, investigative studies also show that in some areas, gold is being smuggled into the economy by the ton, and often never accounted for as far as per annum issuance estimates. Recently, reports show a whole mountain of gold was discovered in the Congo, as the Democratic Republic of the Congo is well known for being a region that sees tons of smuggled gold filtered into the global financial system unreported. Surprise Gold Deposits Continue to Crack the Precious Metal’s Scarcity Proposition It has always been said that the precious metal gold (Au) is scarce, and some reports even say that gold mining on earth will end by the year 2050 . Additionally, estimates also show that there’s roughly 2,500 to 3,000 tons of new gold that is accounted for and enters into the fin...
Post a Comment
Read more