Crypto mining more environmentally friendly.
Argo and DMG jointly launched Terra Pool. This is the first clean energy Bitcoin mining field of its kind. Despite bitcoin's bad reputation for over-consuming energy and producing carbon dioxide, there are many projects to reduce this effect and improve environmental sustainability.
Terra Poo consists of the computing power of both companies, which mainly use hydroelectric resources in their activities. Argo hopes this will encourage other companies to switch to clean energy mining.
"Addressing climate change is a priority for Argo, and working with DMG to create the first" green "bitcoin mining pool is an important step towards protecting the environment. "We hope that other Bitcoin mining companies will follow in our footsteps to demonstrate wider climate awareness," Argo CEO Peter Wall said in an interview.
The next step to improve sustainability in bitcoin mining comes from EZ Blockchain. The company's characteristic product is the EZ Smartgrid Flaring System Mitigation. In the drilling of crude oil, gas is often a natural by-product. However, this is usually a waste in a practice known as gas combustion. EZ's Smartgrid system enables companies to use this burnt gas to power bitcoin mines. In October 2020, the oil and gas company Wesco Operating Inc. for the first time implemented Smartgrid.
Argo and DMG jointly launched Terra Pool. This is the first clean energy Bitcoin mining field of its kind. Despite bitcoin's bad reputation for over-consuming energy and producing carbon dioxide, there are many projects to reduce this effect and improve environmental sustainability.
Terra Poo consists of the computing power of both companies, which mainly use hydroelectric resources in their activities. Argo hopes this will encourage other companies to switch to clean energy mining.
"Addressing climate change is a priority for Argo, and working with DMG to create the first" green "bitcoin mining pool is an important step towards protecting the environment. "We hope that other Bitcoin mining companies will follow in our footsteps to demonstrate wider climate awareness," Argo CEO Peter Wall said in an interview.
The next step to improve sustainability in bitcoin mining comes from EZ Blockchain. The company's characteristic product is the EZ Smartgrid Flaring System Mitigation. In the drilling of crude oil, gas is often a natural by-product. However, this is usually a waste in a practice known as gas combustion. EZ's Smartgrid system enables companies to use this burnt gas to power bitcoin mines. In October 2020, the oil and gas company Wesco Operating Inc. for the first time implemented Smartgrid.
2 users upvote it!
1 answer