{"id":137313,"date":"2021-09-27T19:13:15","date_gmt":"2021-09-27T13:43:15","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=137313"},"modified":"2021-09-29T21:30:14","modified_gmt":"2021-09-29T16:00:14","slug":"bitcoin-miners-eye-n-power-as-environmental-criticism-mounts","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/bitcoin-miners-eye-n-power-as-environmental-criticism-mounts\/","title":{"rendered":"Bitcoin miners eye N-power as environmental criticism mounts"},"content":{"rendered":"\n<h5><strong>What is the news?<\/strong><\/h5>\n<p>Amid a heated debate over Bitcoin\u2019s environmental impact, two companies say they have an answer on mitigating some of the negative effects: Nuclear energy.<\/p>\n<p>Two private companies are partnering to use advanced fission to the energy-intensive process of minting new coins.<\/p>\n<h5><strong>Why such a move?<\/strong><\/h5>\n<p>It\u2019s an effort, the companies say, to<\/p>\n<p><strong>i). reduce fossil-fuel emissions<\/strong> from Bitcoin mining and;<\/p>\n<p><strong>ii). diversify energy sources<\/strong> used by the miners<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/bsmedia.business-standard.com\/_media\/bs\/img\/article\/2021-09\/26\/full\/1632679973-8691.jpg?w=750&#038;ssl=1\" alt=\"chart\" \/><\/p>\n<h5><strong>How is Crypto-mining related to energy use?<\/strong><\/h5>\n<p>Crypto miners <strong>use vast sums of computing power<\/strong> and <strong>energy<\/strong> to verify transactions on the blockchain.<\/p>\n<p>Their <strong>energy use<\/strong> is comparable to that of many developed countries and rivals the emissions from major fossil-fuel users and producers such as airlines and oil-services firms, according to an analysis by Bank of America Corporation.<\/p>\n<p>Though some others dispute this finding, arguing it\u2019s no worse than the carbon footprint of cars, power plants and factories.<\/p>\n<h5><strong>How do companies intend to use nuclear fission?<\/strong><\/h5>\n<p>Companies are developing <strong>smaller reactors<\/strong> that they say would be faster and cheaper to build than conventional nuclear plants. Such reactors could be small and would generate a lot of power without harmful emissions.<\/p>\n<p>Some companies are offering\u00a0<strong>fission-as-a-service,<\/strong> meaning it sells power and heat in a way that will make it easier for customers to be able to buy.<\/p>\n<p><strong>Source<\/strong>: This post is based on the article \u201c<strong>Bitcoin miners eye N-power as environmental criticism mounts<\/strong>\u201d published in <strong>Business Standard<\/strong> on <strong>26th Sep 2021<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What is the news? Amid a heated debate over Bitcoin\u2019s environmental impact, two companies say they have an answer on mitigating some of the negative effects: Nuclear energy. Two private companies are partnering to use advanced fission to the energy-intensive process of minting new coins. Why such a move? It\u2019s an effort, the companies say,&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/bitcoin-miners-eye-n-power-as-environmental-criticism-mounts\/\">Continue reading <span class=\"screen-reader-text\">Bitcoin miners eye N-power as environmental criticism mounts<\/span><\/a><\/p>\n","protected":false},"author":10328,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,1738],"tags":[10005,10004,8659],"class_list":["post-137313","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-science-and-technology-daily-factly-articles","tag-bitcoin-mining","tag-cryptocurrency-bitcoin","tag-environmental-pollution","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704863388},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/137313","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10328"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=137313"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/137313\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=137313"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=137313"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=137313"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}