Green Bitcoin Mining Proves Profitable in 2022

/EIN News/ — Santa Clarita, April 18, 2022 (GLOBE NEWSWIRE) — Santa Clarita, Calif. –

WaxDynasty, a website that reports on developments and information on blockchain and related industries, recently reported on how cryptocurrency mining can be more environmentally friendly, and some news in the news. Green Bitcoin Mining space.

Although cryptocurrency is a cutting-edge technology that is attracting great interest globally, it has also drawn much criticism from environmental groups and others for the large amount of energy required to mine the cryptocurrencies. In short, since crypto mining requires very powerful computers, it uses a lot of electricity to run those computers as they scour the internet for bitcoins. These computers produce a lot of heat when running, and exposure to too much heat can harm their systems. For this reason, cryptocurrency mining CPU farms require extensive cooling systems to prevent the machines from overheating. Cooling, whether for air conditioning, refrigeration, or other purposes, is one of the most energy-intensive processes used in buildings, so the combination of computer power requirements and the power needed to keeping computers cool entails a fairly large energy expenditure. When this energy comes from fossil fuels, it can be very bad for the environment.

Fortunately, a number of people who care about both blockchain and environmental protection have been working to find ways to reduce the environmental footprint of cryptocurrency mining, as WaxDynasty reports. in his recent article, which can be found here: https://waxdynasty.com/sustainable-crypto-mining-aligns-with-defi-tokenomics-and-a-hashrate-of-702th-s-to-create-green -profit/ A group calling itself DeFi Miners has created a collective of eco-conscious members of the fintech community supporting Bitcoin mining that uses 100% clean energy. The collective has partnered with Cyberian Mine, a German company with a Russian subsidiary that operates and maintains cryptocurrency mining rigs in Siberia, Russia’s cold northern region, using hydroelectricity from the dams of the Angara River. Siberia’s cold climate greatly reduces the cooling costs of their bitcoin mining operations, and the electricity they use is cheap and free of fossil fuels, so their bitcoin mining has a distinct environmental impact. lower than it might otherwise be. The low power consumption and low costs further make the operating costs of Bitcoin mining much lower, which leaves a larger profit margin.

Founder and CEO of Miners DeFi, Junior Theomou, is quoted in the WaxDynasty article as saying, “We created the collective to show the world that sustainable crypto mining is possible. Instead of criticizing the methodology used for mining, we are on a mission to create solutions that take advantage of environmentally friendly practices. Our goal is to create movement and a better future for crypto, while allowing holders to benefit from the power of sustainable mining. Shortly after its official launch on September 24, 2021, Miners DeFi had over 1900 holders.

In their Bitcoin Mining podcast, Wax Dynasty explains that cryptocurrency mining became popular in parts of Siberia in 2017, after the region was hit particularly hard by the Russian recession. Cyberian, which has all the advantages of Siberian cryptocurrency mining with all the reliable stability of the European business world, has made a business of operating Bitcoin mining operations in Siberia for investors around the world . The company allows customers to control their mining operations through a convenient dashboard and also has a marketplace where customers can buy or sell their mining units at any time. Cyberian passes all of its operational cost savings on to its customers, with no middleman appropriating any portion of the value.

With the disastrous effects of climate change being felt ever more intensely by people around the world, it is of utmost importance that we end our reliance on fossil fuels and find more sustainable ways to live our lives. By creating and encouraging strategically placed Bitcoin mining operations that use renewable energy sources, Cyberian and DeFi Miners are helping to align the interests of cryptocurrency enthusiasts and environmentalists. Readers interested in learning more about these products can read the full article on the WaxDynasty website.

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For more information about WaxDynasty.com, contact the company here:

WaxDynasty.com
Raul Meza
8554243007
info@waxdynasty.com
Santa Clarita, California


Raul Meza

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