Arcane's expedition for repurposing Bitcoin mining heat can solve the global energy crisis
Bitcoin mining responds to fluctuations in the supply of renewable energy
By Shashank Bhardwaj
Image: Alan Freed/ Reuters
According to Arcane, recycling the heat generated by producing bitcoins makes it possible to develop wind and solar facilities using a new efficient energy production infrastructure.
According to new research from Arcane, bitcoin mining's peak electricity demands could be used to power wind and solar systems, resulting in a net surplus of energy. This is because Bitcoin mining responds to fluctuations in renewable energy supply. By recycling the heat generated by the process of producing bitcoins, it is possible to develop wind and solar facilities using a new method of energy production, which will be less expensive for users.
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Terra buys $200 million in AVAX for reservesRead More..
Bitcoin will remain as a standard: Chess world champion Garry KasparovRead More..
Coinbase launches in IndiaRead More..
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Germany closes Russian darknet marketplace HydraRead More..
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Crypto industry reels from $600 million hackRead More..
NFT of Nelson Mandela's arrest warrant auctioned for $130,000Read More..
Bank of England calls for tighter regulation of cryptocurrenciesRead More..
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Cryptocurrencies enter Russia-Ukraine conflictRead More..
Russia seeks to regulate cryptocurrenciesRead More..
Donald Trump's NFT collection to laud his own presidencyRead More..