Energy Harbor cooperates with Standard Power in Ohio for nuclear Bitcoin mining current
Energy Harbor cooperates with Standard Power in Ohio for nuclear Bitcoin mining current
- Energy Harbor said that it can make sure that all its BTC mining efforts are based on renewable energy.
- Bitcoin-Miner were forced to shift their operations to more crypto-friendly areas as in the USA
The Energy Harbor Corporation (EHC) recently signed a 5-year contract with Standard Power to start an environmentally friendly Bitcoin mining operation. The latter is a leading hosting provider for blockchain mining companies. After the start, the carbon-free power plant will supply a Bitcoin mining unit in Coshocton, Ohio, with electricity.
The two parties still have to disclose the size of the mining plant or energy consumption. Energy Harbor, however, said that it can rely on all of its efforts to renewable energies. According to A pr is shared by Energy Harbor, the Bitcoin mining system will be supplied with sustainable electricity this year.
port for Bitcoin mining
China has further expanded his approach to cryptocurrency miner. The country has enforced these regulations to meet international agreements on CO2 emissions and to contain "financial risks". For these reasons, Bitcoin-Miner were forced to shift their operations to more crypto-friendly areas such as in the United States
For others, however, this has become a business option because they develop mining systems for renewable energies. Such operations have intensified in particular after Tesla CEO Elon Musk Bitcoin has examined his high energy footprint. Musk further rejected the payment for his Tesla electric vehicles in Bitcoin, which led to a massive drop in prices in May. The Tycoon said that he could rethink this decision should 51 percent of Bitcoin mining use clean energy.
The CEO of Standard Power, Maxim Serezhin, commented on this development with the words:
We chose Ohio because of its low electricity costs and the availability of carbon-free energy sources. Thanks to the partnership with Energy Harbor, we have a proactively structured our hosting functions to ensure that 100 % of the current connected to this system is carbon-free.
The state of Ohio is also a strategic location for miners because it has friendly cryptocurrency guidelines. For example, his governor John Kasich signed a draft law in August 2018 to have blockchain transactions recognized before government courts. In addition, Ohio legalized Bitcoin as a means of payment for taxes in November of the same year.
striving for green BTC
The proof-of-work (Pow) mining algorithm has reduced the shine of Bitcoin and other cryptocurrencies with the same reward technology. US Department Minister Janet Yellen warned the Bitcoin mining during a New York Times Dealbook Conference and said:
It is an extremely inefficient way to carry out transactions, and the energy consumption in these transactions is breathtaking.
The Bitcoin Mining Council tries to achieve a better perception of Bitcoin in addition to promoting sustainable mining methods. The group was founded by several North American miners and is supported by Microstrategy CEO Michael Saylor.
with the aim of becoming a reference point for the Bitcoin mining industry, the Council has published statistics that question the alarming data cited by politicians. One of its results, which was tweeted by Saylor, said that "the mining streams in the second quarter of 2021 rose to 56% sustainably, which makes Bitcoin one of the cleanest industries in the world".
Source: Crypto-news-flash.com
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