Bitcoin latest technology will be green? Bitcoin Market update. Crypto Currency change the world 2021
Austin, the capital of Texas.
Rare machines were placed at convenience stores attached to
gas stations and supermarkets in the town.
Originally, you can buy and sell more than 30 types of
crypto assets that are traded on the Internet in cash, and it is locally called
"Bitcoin ATM".
Bitcoin latest technology will be green? Bitcoin Market update. Crypto Currency change the world 2021
It is set up to reach more people, including those who have
few opportunities to trade on the Internet and those who are skeptical of
crypto assets.
When I actually put a one-dollar bill and held my smartphone
over the machine, one dollar's worth of bitcoins were deposited in the
"wallet" of my smartphone in less than 30 seconds.
The store manager says it won't be long before we can buy
bread and drinks in the store with the crypto assets purchased from this
machine.
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| Bitcoin latest technology will be green? Bitcoin Market update. Crypto Currency change the world 2021 |
Digital assets supported by huge amounts of electricity
It is a crypto asset that is expected to be used for
shopping like dollars and yen, but the mechanism is very different because it
is not managed by the country or the central bank
Transaction data is encrypted for security and distributed
and managed over networks around the world.
At each network site, a large amount of computers must be constantly running to process transaction data, which requires enormous power.
This work is called mining because it gives you a newly issued crypto asset as a reward.
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| Bitcoin latest technology will be green? Bitcoin Market update. Crypto Currency change the world 2021 |
Power consumption is for 20,000 households!
What kind of company does this work, which is indispensable
for transactions?
I visited Winston, the largest mining company in the United
States, in Rockdale, Texas
There are three vertically long buildings on the vast site.
There were countless servers piled up to a height of 7
meters.
Bitcoin latest technology will be green? Bitcoin Market update. Crypto Currency change the world 2021
The sound of the server running drowned out the
conversation, and the room temperature rose to 60 degrees Celsius, and I
couldn't stop sweating just a little inside
The server in this company is said to need electricity
equivalent to 20,000 ordinary households.
Texas is one of the world's leading energy hubs for oil
production.
The reason why all mining companies are expanding their
business is because they have abundant electricity and are cheap.
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| Bitcoin latest technology will be green? Bitcoin Market update. Crypto Currency change the world 2021 |
Furthermore, such a movement.
The big news this month in China was that the government
banned crypto-related services altogether as an illegal act, but it has long
been tightening restrictions on business.
Against this background, mining companies have flowed out of
China, and Texas is the recipient
Gibson Director
"I get three or four inquiries every week from China.
Companies that have expanded from China are still doing expansion work. It will
also lead to investment and job creation, so It ’s a plus for the city. ”
Is it bad for the environment? Price plummeted
Bitcoin latest technology will be green? Bitcoin Market update. Crypto Currency change the world 2021
As the business expanded, the focus on the issue of power
consumption was triggered by a tweet from the owner, who has followers all over
the world.
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| Bitcoin latest technology will be green? Bitcoin Market update. Crypto Currency change the world 2021 |
Elon Musk, CEO of Tesla, an American electric vehicle
manufacturer.
The proponents have announced that they will be able to buy
their own electric vehicles with Bitcoin, but in May, they posted, "We recognize
the future, but it must not come at the expense of the environment."
With this one word, the price of Bitcoin, which has been
rising, has plummeted.
This is because there is an increased risk that a mechanism
that consumes a large amount of electricity will be regarded as a problem if it
goes against the flow of decarbonization.
Bitcoin latest technology will be green? Bitcoin Market update. Crypto Currency change the world 2021
Elon Musk himself probably thought that making it possible
to buy an electric car that appealed to be environmentally friendly with
Bitcoin as it is is a self-contradiction.
30% of electricity used is green
30% of electricity used is green
How can we turn it into an environmentally friendly
business?
The Texas mining company we interviewed collaborates with a
software company to temporarily stop processing transaction data to prevent
overuse of electricity when electricity demand is tight due to the heat of
summer. Was introduced.
Bitcoin latest technology will be green? Bitcoin Market update. Crypto Currency change the world 2021
When you are contacted by your power company, you can
instantly turn off power with the touch of a button.
In fact, in August, when I visited for coverage, the local
temperature rose to nearly 35 degrees Celsius.
As the number of households using air conditioners increased
and electricity became tight, we stopped processing transactions from after
2:00 pm to around 6:00 pm.
Of course, if it is stopped, it will be a loss to the
company, but since it is supposed to be covered by a contract with the electric
power company, the damage to the business is minimized.
In addition, we are reviewing the electricity used for
transactions.
In windy Texas, about 20% of the total is wind power
generation, and the use of renewable energy is progressing.
Bitcoin latest technology will be green? Bitcoin Market update. Crypto Currency change the world 2021
The company says that 30% of the electricity used for
transactions is covered by renewable energy such as wind power and solar power.
Harris CEO
"It is the responsibility of the company to use
renewable energy, and we should make daily efforts to increase the ratio. At
present, there is no mechanism to store renewable energy such as wind power and
solar power, but 5 to 10 years later, If we can do that in the future, we will
be able to increase the proportion even more. "
It depends on the company whether it can be green
However, it is not clear whether environmental consideration
will spread among all mining companies.
This is because there are no restrictions on continuing
mining even when electricity demand is tight, and the response is left to the
discretion of each company.
Experts point out that it depends on the company's stance
whether Texas's Bitcoin business can turn green.
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| Bitcoin latest technology will be green? Bitcoin Market update. Crypto Currency change the world 2021 |
Dr. Rose
"The most important thing is whether the company can
respond with great flexibility. If the company wants, it is possible to sign a
contract with a power company that provides 100% renewable energy."
Now that the movement toward the realization of a
carbon-free society is spreading to various industries, the reality is that the
crypto asset business cannot be irrelevant.
On the other hand, if all the related companies in Texas steer the green, it has the potential to change the shape of the local energy industry.
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