Key topics: #Digital #Innovation #Crypto #Bitcoin #Blockchain #DeFi

An evergreen chronology of Energy Flux articles about digitalisation, cryptocurrencies, blockchain, the bitcoin-energy nexus and decentralised finance

Jan 1, 2021

El Salvador gets hot for bitcoin

The small Central American nation of El Salvador sent #CryptoTwitter into a frenzy this week by becoming the first country in the world to adopt bitcoin as legal tender. The government is also bankrolling geothermal-powered cryptocurrency mining to harness the country’s considerable untapped volcanic energy…

2 years ago · Seb Kennedy

Bitcoin at energy crossroads as miners flee China

Bitcoin miners are fleeing China after Beijing imposed a regulatory crackdown. This has created a big opportunity for the power-hungry cryptocurrency to end its reliance on cheap Chinese coal-fired power and clean up its image. The energy markets where they redomicile will be reshaped by new, decentralised revenue streams – and redefine bitcoin’s conten…

2 years ago · Seb Kennedy

Bitcoin goes into ESG overdrive

The campaign to ‘green’ bitcoin mining is going into overdrive amid criticism from Tesla CEO Elon Musk over the cryptocurrency’s fossil fuel consumption. One gas-powered miner has been particularly proactive on the ESG front after being singled out by the eccentric billionaire rocket enthusiast…

2 years ago · Seb Kennedy

Bitcoin’s climate reckoning

The bitcoin energy debate is going full-throttle mainstream. Tesla CEO Elon Musk triggered a mass sell-off after tweeting that the electric car manufacturer won’t be accepting bitcoin for purchases due to concerns over the “increasing use of fossil fuels” for mining and transactions…

2 years ago · 2 likes · 2 comments · Seb Kennedy

Hydro-powered bitcoin mining, hashing instead of flaring + MORE

Welcome back to your first Energy Flux of the working week — a little later in the day than usual. This will probably be the normal publishing time for the Monday newsletter from now on. I have an exquisite story for you today about hydroelectric dams in rural British Columbia powering cutting-edge cryptocurrency mining rigs…

2 years ago · Seb Kennedy

Canadian oil producer mines bitcoin, snuffs out gas flare

There is an urgent need to rapidly curb the practice of flaring and venting waste natural gas at upstream oil wells. There is also growing interest in using this gas to power remote energy-hungry computing applications, such as cryptocurrency mining and data processing. One start-up in this field has just completed its latest installation to capture a n…

2 years ago · Seb Kennedy

Colonial pipeline ransomware debacle holds lessons for the energy transition

Cyber threats are now a fact of life, and any company failing to prepare for them is failing in its fiduciary duties. The operator of the Colonial Pipeline and the US government both seem to have distracted from this point by deflecting attention onto DarkSide, the allegedly Russian state-backed cyber attacker that debilitated the critical fuel supply n…

2 years ago · Seb Kennedy

Hydro-powered bitcoin miner lures institutional investors ahead of IPO

Growing momentum to clean up the energy-intensive practice of mining cryptocurrencies is starting to attract institutional investment. A hydro-powered Canadian mining operation is about to get a big injection from Australian investors to fund an ambitious expansion that would repatriate a piece of the bitcoin network’s computing power to rural British C…

2 years ago · Seb Kennedy

Brave new world: Bitcoin opens digital frontier in global clean energy transition

Love it or loathe it, bitcoin is here to stay. The power-hungry digital currency is going from strength to strength, soaring to a series of all-time highs since the New Year and winning a string of high-profile corporate backers along the way. All this has cemented its position as the world’s leading cryptocurrency by market capitalisation…

2 years ago · 7 likes · 3 comments · Seb Kennedy

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