Santa Clarita, April 18, 2022 (GLOBE NEWSWIRE) – Santa Clarita, California –
WaxDynasty, a website that reports on developments and information in blockchain and related industries, recently reported on how cryptocurrency mining can be more environmentally friendly and some news in the Green Bitcoin Mining space.
Although cryptocurrency is a cutting-edge technology that has received great interest worldwide, it has also provoked much criticism from environmental groups and others for the large amount of energy required to extract cryptocurrencies. In short, because cryptographic mining requires high-powered computers, it uses a lot of electricity to keep those computers running while searching for bitcoins on the Internet. These computers produce a lot of heat while running, and exposure to too much heat can be harmful to your systems. For this reason, cryptocurrency mining processor farms require extensive cooling systems to prevent machines from overheating. Cooling, whether for air conditioning, refrigeration or other purposes, is one of the most energy consuming processes in buildings, so the combination of computers’ energy needs and the energy needed to keep computers cool causes a fairly large expenditure of energy. When that energy comes from fossil fuels, it can be very harmful to the environment.
Fortunately, a number of people who are interested in both blockchain and environmental protection have worked to find ways to reduce the environmental footprint of cryptocurrency mining, as reported by WaxDynasty in its 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 called Miners DeFi has created a eco collective – Aware members of the fintech community who support Bitcoin mining using 100% clean energy. The collective has partnered with Cyberian Mine, a German company with a Russian subsidiary that runs and maintains cryptocurrency mining platforms in Siberia, the cold region of northern Russia, using hydroelectric power from Angara River dams. Siberia’s cold climate significantly reduces the cooling costs of its Bitcoin mining operations, and the electricity they use is cheap and free of fossil fuels, so their bitcoin extraction has a significantly lower environmental impact than it would otherwise. Low power consumption and costs make Bitcoin mining’s operating costs much lower, leaving a higher profit margin.
Miners DeFi founder and CEO Junior Theomou is quoted in the WaxDynasty article as saying, “We created the collective to show the world that sustainable cryptographic mining is possible. Instead of criticizing the methodology used for mining, we have the mission to creating solutions that leverage green practices Our focus is on creating a movement and a brighter future for cryptocurrencies while allowing holders to benefit from the power of sustainable mining Shortly after the official launch on September 24, 2021, Miners DeFi had over 1900 headlines.
In its Bitcoin Mining podcast, Wax Dynasty explains that cryptocurrency mining became popular in parts of Siberia in 2017, after the region had been particularly hard hit by Russia’s recession. Cyberian, which boasts of all the advantages of Siberian cryptocurrency mining with all the reliable stability of the European business world, has made a Bitcoin mining business in Siberia for investors from all over the world. The company allows customers to control their mining operations through a convenient control panel and also has a marketplace where customers can buy or sell their mining units at any time. Cyberian transfers all of its operating cost savings to its customers without any intermediaries taking any of the value for themselves.
As the disastrous effects of climate change are being felt more and more intensely by people around the world, it is of the utmost importance that we put an end to our dependence on fossil fuels and find more sustainable ways to live our lives. By creating and encouraging strategically located Bitcoin mining operations that use renewable energy sources, Cyberian and DeFi Miners are helping to align the interests of cryptocurrency enthusiasts and environmentalists. Readers who are interested in learning more about these products can read the full article on the WaxDynasty website.
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