September 6, 2026

Capitalizations Index – B ∞/21M

How can we resolve it?

How can we resolve it?

As the cryptocurrency industry has been developed exponentially, cryptocurrency mining field has been expanded substantially at the same time. Consequently, immense energy consumption is inevitable for its mining. What directly triggers an intimate relation between the energy sources and cryptocurrency mining?

During the first generation of crypto mining industry, miners were able to receive Bitcoin with a great ease through CPU. However, miners desired the dominant-performance equipment like GPU or ASIC as the public interest increased. Thousands of mining equipment operations and their temperature management require a tremendous energy.

Is there any possible resolution for the energy issues? Here are some examples that we have tried to address this environmental problem.

Heating sources

The immense thermal energy resulted from mining rigs can be used as the heating sources. Last year, co-founder of Nakamoto X, Kamil Brejcha, successfully harvested tomato using excess heat of crypto mining for greenhouse temperature management. ‘Cryptomato (Crypto+Tomato)’ is the first case that recycled the mining energy into different source of industries.

This thermal energy can be applied not only for agricultural usage, but also for household heating. People can save the cost of house temperature management through mining rigs’ heat instead of gas heating or electric heating. French startup, Qarnot, released ‘QC-1’ which enables both crypto mining and household heating simultaneously. It directly connects to miner’s house and transmits mining rig’s heats into energy sources.

Its diverse trials can strongly alter the general energy sources in cold regions with future-developing equipment.

Cosmic energy into cryptocurrency mining

Space industry is still underway in developing further stages; we can highly forecast that generating electricity through the solar heat. When the solar power generation is enabled, we can produce cost-effective electricity without any disturbance from the atmosphere.

Still cryptocurrency mining is not taking the major portion of total electricity consumption, but a prospect toward mining in the space is highly potent. Even if it will consume the same amount of energy, the notoriety of crypto mining energy consumption would be subsided when electricity generation charges much less amount of capital.

Inevitably, cryptocurrency mining will not be able to eliminate several negative respects about energy consumption. However, we have tried a variety of ways to recycle, regenerate, and economize the energy sources aside from the examples that we mentioned above. Based on the column from bitcoinist.com, we are able to reduce more than 70% of electric fee compared to the general usage of electricity. Therefore, an increasing number of people give an attention to trend of developing new schemes to make a solid settlement. Stay Tuned!

Published at Tue, 09 Apr 2019 05:55:03 +0000

Previous Article

Crypto Volatility Report March 2019: Remains Mildly Bullish

Next Article

Schwere Vorwürfe: Betrügt Paxful seine afrikanischen Kunden?

You might be interested in …

Ukraine Sees Bitcoin Investments Up 500% in 12 Months

Ukraine’s bitcoin investment figures have shot up 500% in a single year, according to bitcoin Ukraine founder Andrey Dubetskiy.


Dubetskiy: Growth Reasons ‘Same Throughout The World’

The figures, which Dubetskiy revealed in comments to local news resource Payspace, represent growth from 500,000 hryvnia ($18,400) to 2.5 million ($92,000) hryvnia per week through 2016.

“The reasons behind the growth are the same as those throughout the world,” he told the publication.

Specifically, distrust of national currencies, an unstable economy, asset movement restrictions, the shadow economy, little choice and regulation of financial instruments, demand for digital and global financial instruments, growth potential for bitcoin’s price as an investment and many others.

Ukraine has become an active participant in both Blockchain studies and bitcoin as a consumer asset.

Despite its recent turbulent political and economic history, cryptocurrency usage has been fostered – or at least left untouched by premature regulation – and continues to serve as an investment alternative to the hryvnia, which since 2014 has lost two thirds of its value.

LocalBitcoins Ukraine volume up

Localbitcoins volumes in Ukraine have also seen their best times ever in recent months, with weekly trading edging towards new highs each week.

“Considering the general upward trend in bitcoin’s exchange rate, the majority of customers are buying in order to profit from speculative operations, while some investors transfer a part of their assets to bitcoin,” Mikhael Chobanyan, CEO of local exchange Kuna.io, added.

Weak Economy + Bank Crisis = Blockchain

In a bid to bail out its creaking economic infrastructure, Ukraine was forced to nationalize main lender Privatbank last December amid concerns “panic” would arise if things were left as is.

“Other banks would not be getting their loans back from PrivatBank, a series of bankruptcies would begin, and there would be panic,” Oleksandr Savchenko, head of Kyiv’s International Institute of Business, commented on the situation prior to the move being finalized.

On the Blockchain front meanwhile, a scheme involving the Central Bank to introduce the technology to governmental processes appears to be gaining momentum.

Q3 last year saw publication of a roadmap from the National Bank of Ukraine for its Cashless Economy scheme, which set out ways and deadlines for use of Blockchain in cases such as payments.

“The [National Bank of Ukraine (NBU)] Board has approved and presented a roadmap for Cashless Economy, which will use Blockchain technology in Ukraine for the first time,” spokesman Konstantin Yarmolenko wrote on Facebook at the time in a post subsequently removed.

Elsewhere, Ukraine was the first country in the world to launch sanctioned bitcoin futures trading on its national exchange. Investor interest was also given as the main motivation for the move, which authorities announced in the midst of the Privatbank debacle.

What do you think about Ukraine’s bitcoin growth? Are you there and seeing changes? Let us know in the comments below!


Images courtesy of Coin Dance, Shutterstock

The post Ukraine Sees Bitcoin Investments Up 500% in 12 Months appeared first on Bitcoinist.com.

On stress tests and improving the iota networks

On stress tests and improving the IOTA networks

On stress tests and improving the IOTA networks The stress tests over the past few weeks probably have not escaped (m)any of you. Be it due to the numbers they produced, or the discussions surrounding […]