Thank you Elon!
Source: coinwire.com

The elon-gated Twitter comments that sent bitcoin and the whole crypto market nosediving, sparked at least one useful impulse. How can we decrease the fossil-fuel based energy consumption of bitcoin mining? Well, green mining seems to be the natural answer to that. And until we get fully functional fission reactors up and running (perhaps within the next 5 years), we have to turn to traditional renewable energy sources. And no, we are not going into the true green nature of these energy sources. That’s for another time. So, let’s have a look at them in detail including a few selected recent developments:

Wind power: Peter Thiel founded Layer1 Technologies launched a wind powered bitcoin mining facility in Texas, soon to be scaled up to 100 megawatts of electricity (MW). Or leading mining chip maker Bitmain also went to Texas to open a 50 MW which it intends to scale up to 300 MWs. Not to be outdone, there is German firm Northern Data planning to build the largest mining facility in the world with up to 1,000 MWs fueled by wind power alone, also in Texas.

Solar energy: No other than Square, Inc. aims to build a US$ 5 million open-source, solar-powered bitcoin mining facility at a Blockstream Mining US site. There are countless other — we need to keep this concise though.

Hydroelectric power: DMG Blockchain Solutions Inc and Argo Blockchain Plc have announced the establishment of the world’s first Bitcoin mining pool powered by 100% clean energy — specifically hydropower.

Flaring: Publicly traded petroleum multinational Equinor is moving to significantly reduce natural gas flaring by mining cryptocurrency through a strategic partnership Crusoe Energy Systems’ digital flare mitigation technology.

Geothermal power: In Iceland, geothermal-powered cryptocurrency mining uses up more electricity than the whole country’s homes.

Volcanos: Last, but not least, newly famed El Salvador president, Nayib Bukele, said yesterday he has directed the state-owned electricity company LaGeo to “offer facilities for bitcoin mining with very cheap, 100% clean, 100% renewable, 0 emissions energy from our volcanos”.

So, there are tons of options, all very welcome and indeed needed, for a long-term and sustainable adoption of all proof-of-work based cryptocurrencies.
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['Elon Musk', 'Green Energy', 'Bitcoin Mining']