Power

New York State Assembly Passes Bill Blocking New Cryto Mines That Use Non-Renewable Power

New York State Assembly Passes Bill Blocking New Cryto Mines That Use Non-Renewable Power

However, advocates of the bill noted that existing facilities would remain unaffected by the bill, as well as any facilities that tap renewable resources. The bill itself specifies that the New York Department of Energy “shall not approve a new application for or issue a new permit … for an electric generating facility that uses …

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Virtual World Frenzy, the Evolution of Blockchain Gaming, and In-Game Economies

Deciphering the Metaverse: The power of airdrops

April 8, 2022, 4:58PM EDT • 16 min read Quick Take This weekly series explores the most interesting insights in NFTs, blockchain gaming, and virtual worlds Solana NFTs have been brought into the public eye against the backdrop of OpenSea’s integration, providing significant tailwinds for the ecosystem Airdrops can be a double-edged sword, which can …

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Orbit to use Ethereum blockchain to buy and sell solar power

Orbit to use Ethereum blockchain to buy and sell solar power

Orbit, a new commercialized renewable energy company, announced that it will use the Ethereum blockchain to allow everyday people to get involved in buying and selling solar power. According to reports, special ORBT tokens will be distributed and used to make these purchases and sales. Given the fact that the transactions will take place utilizing …

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Ukraine’s nuclear power plants may start mining cryptocurrencies

Ukraine’s nuclear power plants may start mining cryptocurrencies

Nuclear power plants in Ukraine may start mining bitcoin and other cryptocurrencies if a government proposal goes through. Ukraine’s acting energy minister Olha Buslavets has sent a letter to Energoatom, the country’s state-owned operator nuclear power plants, to consider using excess electricity for mining cryptocurrencies. “To work out, together with Energoatom and the Energoatom Trading …

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New York Power Plant Greenidge Has Sold Up to 30% of Its Bitcoin Mining Hash Rate

New York Power Plant Greenidge Has Sold Up to 30% of Its Bitcoin Mining Hash Rate

Greenidge Generation, an upstate New York power plant that’s using proprietary facilities to mine bitcoin (BTC), has sold up to 30 percent of its computing power to institutional buyers. The firm said in an announcement on Friday that the deal, brokered by BitOoda Digital, proceeded the sale of 106,000 terahashes per second (TH/s) of bitcoin …

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