article thumbnail

Blockchain 24/7 carbon-free energy traceability for corporates

Smart Energy International

European blockchain start-up FlexiDAO’s energy traceability solution is to be offered in conjunction with Altenex Energy’s Insights. Blockchain renewables certification scheme launched in Uruguay Blockchain energy consumption should be transparent in Europe – a call. Have you read?

article thumbnail

Tesla suspends use of bitcoin over 'rapidly increasing use of fossil fuels'

Business Green

Tesla CEO Elon Musk announced on Twitter that the company had suspended vehicle purchases using bitcoin, because "we are concerned about rapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel".

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Demand response proves more profitable than Bitcoin mining in Texas

Smart Energy International

Bitcoin miner Riot Blockchain earned estimated power credits of $9.5 In its July production and operation update, Riot Blockchain, one of the largest US Bitcoin miners, reported mining 318 Bitcoins in July – a decrease of approximately 21%. million for demand reduction from ERCOT in July. Have you read?

Demand 97
article thumbnail

Bitcoin mining ban in New York

Smart Energy International

“This legislation will put a pause on the purchase and reactivation of outdated fossil-fuel-fired power plants for proof-of-work based cryptocurrency mining and will collect critical environmental data to evaluate the cryptomining industries’ impact on our ability to meet our state environmental goals.”.

article thumbnail

Bitcoin miners win legal battle to keep mum about energy use

The Verge: Energy

The Texas Blockchain Council and Bitcoin mining company Riot Platforms filed suit, contending that the DOE’s implementation of the survey as an “emergency” action was unlawful. Bitcoin mining has also brought sputtering fossil fuel power plants back to life and raised electricity costs for some residents in New York.

Energy 103
article thumbnail

Feasibility study to explore hydrogen’s potential for Mid Wales

Smart Energy International

Have you read: Gold hydrogen – novel extraction for a potential green energy option New partnership to leverage hydrogen and drive zero carbon aviation Namibia’s green hydrogen to be verified on blockchain. It provides the potential to decarbonise whole sectors of the economy, moving away from a reliance on fossil fuels.

article thumbnail

Let’s incubate the Green Swans hatched by the COVID-19 Black Swan

GreenBiz

Bailouts paper over the fossil fuel industry's weaknesses and "will create a zombie industry forever dependent on state aid for survival," according to Jason Quay, director of the Global Climate Strategy Sunrise Project. . Even without those policies — they soon expire — renewables are more than competitive against fossil fuels.