Bitcoin miningCointelegraph.comMiningMining PoolsZcash

Argo Blockchain to launch clean energy Bitcoin mining pool

Hydroelectric energy will power a new Bitcoin mining pool following Argo’s partnership with DMG Blockchain.
Publicly-traded cryptocurrency mining firm Argo Blockchain will launch a Bitcoin (BTC) mining pool powered solely by clean energy, the company announced on March 26. Argo has partnered with fellow eco-friendly mining firm DMG Blockchain to create Terra Pool — a Bitcoin mining pool consisting of a hash rate derived from both company’s hydroelectric power sources, which the firm claims is the first of is kind.Argo Blockchain PLC is a United Kingdom-based mining company with three operational facilities in Canada set up to mine Bitcoin, and the privacy coin, Zcash (ZEC). The firm recently acquired a 320-acre plot of land in Texas, which it plans to use to expand its mining operations with an additional 200-megawatts of electrical power, also derived from renewable energy sources.Chief Executive of Argo, Peter Wall, said making Bitcoin more green was a major priority, and urged other Bitcoin mining companies to follow suit:“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 are hopeful other companies within the Bitcoin mining industry follow in our footsteps to demonstrate broader climate consciousness.”Bitcoin’s energy usage rose to match the yearly consumption of the country of Chile last month, a fact that critics and skeptics are quick to point out. However, few think to level the …
Story continues on Cointelegraph

Related posts

Crypto-focused software firm Lukka raises $53M in funding round

Lukka said it planned to add additional features for customers dealing in derivatives, DeFi products, and other products of the crypto space. Just a few weeks before the filing deadline for U.S. taxpayers, cryptocurrency accounting and data company Lukka said…
ArtArtistsCointelegraph.comGovernmentNFTNonfungible TokensRussiaSaint-Petersburg

Russia’s Hermitage museum to host NFT art exhibition

The NFT exhibition will be part of the “Hermitage 20/21” project. Russia’s State Hermitage Museum, the second-largest art museum in the world, is preparing to host a digital art exhibition involving non-fungible tokens.Scheduled to take place in 2021, the Hermitage’s…
AuctionBhad BhabieCardanoCointelegraph.comNFTsNiftyOpenseaPrinceRaribleSophia the Robot

Nifty News: Sophia the Robot sells $1M worth, Cardano to clone NFT platforms, and more

Sophia the Robot has generated more than $1 million in NFT sales, Bhad Bhabie is dropping NFTs to help the “troubled teen industry”, Cardano trying to convince top NFT platforms to port over. If creative self-doubt and competition between humans…