Agreement reached: first step towards 'green bitcoin'

Agreement reached: first step towards ‘green bitcoin’

Cryptocurrency companies Argo and DMGis a new building exclusively working on renewable energy. Bitcoin In order to start a mining pool memorandum of understanding (MoU) signed. Making explanations about the agreement binary, TerraPool mining operation, mainly hydroelectric resources It will consist of the hashrate of Argo and DMG using the energy generated by the company.

With the signed agreement “The first opportunity to create green Bitcoin” and the environmental impact of Bitcoin mining. minimize It aims to provide a clear roadmap for

The new mining pool could be an answer to Bitcoin’s environmental problems

The recent increase in Bitcoin’s price and the floating rate, crypto money unit also brought mining applications into the center of attention. Following this focus, one of the most common complaints about Bitcoin mining was the environmental damage caused by the virtual currency.

as you will remember Cambridge UniversityA recent report of Bitcoin’s yearly basis 139.15 TWh / year with Sweden claimed that he used more energy than his country.

Argo and DMGHe thinks they can reverse the narrative surrounding Bitcoin mining by running a mining operation on energy generated from renewable sources. In addition, the two companies clean energy He believes they can accelerate the transition to their counterparts.

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Argo Blockchain CEO Peter Wall made the following statements in a speech on the deal;

“Addressing climate change is a priority for Argo, and partnering with DMG to create the first ‘green’ Bitcoin mining pool is an important step towards protecting our planet now and for generations to come. We hope other companies in the bitcoin mining industry will follow our footsteps to demonstrate a wider climate consensus. “

As a result of this agreement, attention is drawn to the fact that the equipment required to build renewable energy infrastructure has its own carbon footprint. Also, for those who believe that Bitcoin’s utility is not worth the energy spent on supporting it, it’s totally with renewable energy Even a running mining operation is not considered to offer a solution.

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