Environmental Impact of AI Models Takes Center Stage Amid Criticism Against Bitcoin Mining

Environmental Impact of AI Models Takes Center Stage Amid Criticism Against Bitcoin MiningWhile bitcoin’s effect on the environment has been discussed at length over the last two years, the latest trend of artificial intelligence (AI) software is now being criticized for its carbon footprint. According to several headlines and academic papers this year, AI consumes significant electricity and leverages copious amounts of water to cool data centers. […]

Go to Source

Powered by WPeMatico

Iris Energy Boosts Self-Mining Capacity With 4.4 EH/s of New Bitmain Bitcoin Mining Rigs

Iris Energy Boosts Self-Mining Capacity With 4.4 EH/s of New Bitmain Bitcoin Mining RigsBitcoin miner, Iris Energy, announced plans to increase the company’s self-mining capacity, from 2 exahash per second (EH/s) to approximately 5.5 EH/s, after it receives 4.4 EH/s of new Antminer S19j Pro miners from Bitmain.
Iris Energy Leverages $67 Million in Bitmain Prepayments for Latest Mining Expansion
Bitcoin mining company, Iris Energy, announced plans […]

Go to Source

Powered by WPeMatico

Bitcoin Miner Pow.re Begins Mining Facility Construction in Paraguay, Acquires 3,600 Microbt ASICs

Bitcoin Miner Pow.re Begins Mining Facility Construction in Paraguay, Acquires 3,600 Microbt ASICsAccording to the crypto mining operation Pow.re Holdings Limited, the firm announced that it has begun construction of two new mining facilities in Asunción, Paraguay. The new data centers will manage 12 megawatts (MW) of hydroelectric power, and the firm has also acquired 3,600 Microbt Whatsminer mining rigs that produce roughly 396 petahash per second […]

Go to Source

Powered by WPeMatico

Norway Prepares to Reverse Electricity Tax Cut for Cryptocurrency Miners

Norway Prepares to Reverse Electricity Tax Cut for Cryptocurrency MinersThe Norwegian government is reviewing a proposal to abolish the policy of preferential tax treatment for data centers mining cryptocurrency with cheaper electricity. The executive power in Oslo says conditions have changed and the country needs the energy currently used by miners. Mining Firms Likely to Lose Tax Incentive as Norway Seeks to Save Power, […]

Go to Source

Powered by WPeMatico

Bitcoin Mining Expansion Heats Up: Crypto Miner Secures Underground Bunker, Cleanspark Snags Turnkey Mining Site

Bitcoin Mining Expansion Heats Up: Crypto Miner Secures Underground Bunker, Cleanspark Snags Turnkey Mining SiteBitcoin mining operations continue to truck on through the crypto winter as a number of miners have revealed expansion plans during the last week. Following the acquisition of 10,000 ASIC Antminers, Cleanspark revealed it acquired a turnkey bitcoin mining facility from Mawson Infrastructure. Reports note that Arsenal Digital Holdings acquired an underground data center outside […]

Go to Source

Powered by WPeMatico

Marathon Secures 254 Megawatts to Bolster Company’s 2023 Bitcoin Mining Goals

Marathon Secures 254-Megawatts to Bolster Company's 2023 Bitcoin Mining GoalsThe bitcoin mining operation Marathon has announced the company has secured 254 megawatts of new hosting deals with the option to increase to 324 megawatts (MW). Marathon’s latest expansion deals should support the bitcoin mining firm’s intended goal of securing approximately 23.3 exahash per second (EH/s). Marathon Secures 254 MW of Bitcoin Mining Capacity — […]

Go to Source

Powered by WPeMatico

Cleanspark Reveals Texas Expansion — Bitcoin Miner Plans to Add 500 MW of Mining Power

Cleanspark Reveals Texas Expansion — Bitcoin Miner Plans to Add 500 MW of Mining PowerBitcoin miner Cleanspark has revealed the company is expanding operations in Texas with up to 500 megawatts (MW) of renewable power. The firm has inked a deal with the Houston-based Lancium to initially secure 200 MW of Lancium’s renewable power and has the option to obtain 300 MW more going forward. Cleanspark Reveals Plans to […]

Go to Source

Powered by WPeMatico

Kazakhstan Is Stabilizing, Government Claims as Crypto Miners Look to Future in Country

Kazakhstan Is Stabilizing, Government Claims as Crypto Miners Look to Future in CountryThe situation across Kazakhstan, hit by anti-government protests in the first week of the year, is normalizing, central authorities claim. The country’s massive crypto mining industry, which faced an internet blackout during civil unrest on top of power shortages, now hopes that the country will nevertheless remain an attractive location for miners. President Tokayev Has […]

Go to Source

Powered by WPeMatico