#bitcoin mining 2021

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The number of commercial-scale Bitcoin mining operations in the U.S. has increased sharply over the last few years; there are now at least 137. Similar medical complaints have been registered near facilities in Arkansas and North Dakota. And the Bitcoin mining industry is urgently trying to push bills through state legislatures, including in Indiana and Missouri, which would exempt Bitcoin mines from local zoning or noise ordinances. In May, Oklahoma governor Kevin Stitt signed a “Bitcoin Rights” bill to protect miners and prevent any future attempts to ban the industry. Much of the American Bitcoin mining industry can now be found in Texas, home to giant power plants, lax regulation, and crypto-friendly politicians. In October 2021, Governor Greg Abbott hosted the lobbying group Texas Blockchain Council at the governor’s mansion. The group insisted that their industry would help the state’s overtaxed energy grid; that during energy crises, miners would be one of the few energy customers able to shut off upon request, provided that they were paid in exchange. After meeting with the lobbyists, Abbott tweeted that Texas would soon be the “#1 [state] for blockchain & cryptocurrency.” Technically there is federal mandate to regulate noise, which stems from the 1972 Noise Control Act—but it was essentially de-funded during the Reagan administration. This leaves noise regulation up to states, cities, and counties. New York City, for instance, has a noise code which officially caps restaurant music and air conditioning at 42 decibels (as measured within a nearby residence). Texas’s 85 decibels, in contrast, is by far the loudest state limit in the nation, says Les Blomberg, the executive director of the nonprofit Noise Pollution Clearinghouse. “It is a level that protects noise polluters, not the noise polluted,” he says. The residents of Granbury feel they’ve been lied to. In 2023, the site’s previous operators, US Bitcoin Corp, constructed a wall around the mine almost 2,000 feet long and claimed that they had “solved the concern.” But Shirley says that the complaints from the community about the sound actually increased when the wall was nearing completion last fall. Since Marathon bought the facility outright in December, its hash rate, or computational power expended, has doubled. Any statewide legislation is sure to hit significant headwinds, because the very idea of regulation runs contrary to many Texans’ political beliefs. “As constitutional conservatives, they have taken our core values and used that against us,” says Demetra Conrad, a city council member in the nearby town of Glen Rose. In the week before this article’s publication, two more Granbury residents suffered from acute health crises. The first was Tom Weeks. “This whole thing is an eye opener for me into profit over people,” Weeks says in a phone call from the ICU. The second person affected was the five-year-old Indigo Rosenkranz. Her mother, Sarah, was terrified and now feels she has no choice but to get a second mortgage to move away from the mine. “A second one would really be a lot,” she says. “God will provide, though. He always sees us through.”

shocking! texans suffer from deregulation and ineffective walls

[probablyasocialecologist]

In 2020 to 2021, Bitcoin consumed 173.42 terawatt hours of electricity - enough to rank it 27th among nations, trumping the likes of Pakistan with a population of over 230 million people. The resulting carbon footprint was the equivalent of burning 84 billion pounds of coal. To offset this, a study by the United Nations University found 3.9 billion trees would have to be planted, covering an area almost equal to the Netherlands, Switzerland, or Denmark.

Globally, bitcoin mining used 1.65 million liters (about 426,000 gallons) of water in 2020-2021, enough to fill more than 660,000 Olympic-sized swimming pools. China, the U.S. and Canada had the largest water footprints. Kazakhstan and Iran, which along with the U.S. and China have suffered from water shortages, were also in the top-10 list for water footprint. “These are very, very worrying numbers,” Madani said. “Even hydropower, which some countries consider a clean source of renewable energy, has a huge footprint.”

[mariacallous]

If you drive outside the city of Campton, population less than 400, the low industrial noise of crypto mining rises from the trees. Step closer, and the source comes into view: squat metal buildings that look like shipping containers arrayed in a semicircle, thrumming with fans and processors. There’s chain-link fencing, security cameras, and two guards sitting in pickup trucks just beyond the wire.

There are steel shipping containers like this all over these hills, right where the old coal mines once stood. And inside, specialized computers race to solve complex math problems—competing to verify bitcoin transactions and earn slivers of digital currency as a reward.

For a brief moment, in 2021, it felt like the region had found its next boom—and it had Bitcoin written all over it. At its peak, Kentucky accounted for some 20 percent of the collective computing power dedicated to proof-of-work cryptocurrency mining in the US.

But booms, here, have a history. And so do busts. Local officials say it is hard to pin down the exact number of crypto mines still active in eastern Kentucky because state regulations are light and there’s a general lack of transparency in the industry. But what is clear, locals say, is that the boom has begun to recede.

“ They'd constructed on someone else's land, or they would be paying a host company to provide the physical plant,” alleges Anna Whites, a lawyer who represented a roster of crypto mining clients. “So they'd pay the down payment or they would convince the landowner to pay the down payment, and then they would mine the first three months and then they'd go into the next billing set cycle, go almost to the end of it and then disappear.”

In early 2022, when Mohawk Energy initiated a crypto mining project in Jenkins, Kentucky, local officials said this time it would be different. Cofounded by Kentucky senator Brandon Smith, Mohawk purchased a sprawling 41,000-square-foot building and the 8 acres around it. It leased most of it to a Chinese crypto mining company, and the rest of the building included classrooms and hands-on training centers that were supposed to teach locals how to repair iPads, maintain Bitcoin rigs, and build skills for a digital economy. It was a big deal for Jenkins. A local PBS station ran a story about the launch. The images showed tool kits, workers, and smiling officials.

“The plan with Mohawk was to employ retired coal miners and disabled veterans who were back in eastern Kentucky and couldn’t find work, and train them,” said Whites, who counts Mohawk as one of her clients. Among other things, the project promised near-six-figure salaries and a vow to put some of the mining proceeds into the training program, to help grow it. And for a time, it worked.

Whites said that for a brief moment—about 18 months—things looked promising. Twenty-eight families saw real gains: One person from each family landed a permanent job, and about 30 more relatives found work nearby. But when we asked where things stood now, she paused. “I believe most of them are unemployed again.”

The unraveling came quickly. The Chinese partner sued for breach of contract. Mohawk counter-sued. And the shared crypto profits never materialized. Now, as some Kentucky residents have soured on bitcoin mining, they’ve started to speak about AI data centers in the same way they used to talk about coal seams and hash rates: with a kind of cautious hope. AI, they say, could bring jobs, fiber optics, and permanence.

Colby Kirk runs a nonprofit called One East Kentucky, focused on bringing economic development to the region. He remembers the moment the conversation shifted, back in April when he was in Paducah for the Kentucky Association for Economic Development’s spring conference.

“They had some site selection consultants that were on the panel, and they were talking about data centers,” he recalls. “And they talked about this I-81 corridor up through Pennsylvania where there’s all kinds of these big data centers. And they talked about whether our communities could prepare for some of these kinds of investments? And the consultant was like, here’s kind of what it takes.”

What it takes, it turns out, is no small feat: flat land, lots of power, fiber connectivity, and a workforce that can wire and weld. As fate would have it, the number of welders in the area, according to regional economic development organization One East Kentucky, is about twice the national average, which stands to reason, because wherever there’s metal and stress—and there’s a lot of both in coal mines—welders are the people who keep it all from falling apart.

The old infrastructure is still there too; substations, hardened ground, cooling systems, and power-hungry hardware just waiting to be switched back on. “Maybe a data center or something is a part of the puzzle,” Kirk said.

So, at the conference, when the panel ended and the floor opened to questions, Kirk says he asked the one he couldn’t stop thinking about.

“You know, 50, 60 years ago it would take a room bigger than my office to power a computer, and now I've got a computer I carry around in my pocket that's more advanced than what we sent astronauts to the moon with,” he recalls asking. “Are these data centers going to keep taking up million-square-feet buildings with 30- and 40-foot ceilings, or are we gonna be left with an abundance of warehouse or industrial-scale buildings that we won't be able to keep up?”

The consultant, he claims, didn’t have a good answer. “And that’s the thing,” Kirk says. “We don’t know what the future’s going to hold when it comes to this stuff.”

That kind of ambiguity doesn’t sit well with Nina McCoy. She’s a former high school biology teacher from Inez, a coal town made famous in 1964 when President Lyndon Johnson used it to generate support for his War on Poverty.

“This is going to sound awful,” she says, “but if they're putting it here, then that means it's bad. We've lived here long enough to see that that is how it works. You put those things that you don't want in your neighborhood in a place like this.”

Her skepticism is rooted in lived experience: In October 2000, a massive coal slurry spill from a mine site upstream poisoned the Coldwater Fork stream, which runs behind her house. People in Inez couldn’t drink water from the tap for months.

“Those of us living downstream didn't hear about it for a while, but the school system had to close down for about a week until they got an alternate water source,” she says.

To this day, many in Inez still don’t trust the tap water.

So when McCoy hears the hype about AI, she hears something else: another promise that comes with a cost. “We’ve allowed these people to be called job creators,” she said. “And I don’t care if it’s AI or crypto or whatever, we bow down to them and let them tell us what they are going to do to our community because they are job creators. They’re not job creators, they’re profit makers.”

And the profit leaves a footprint.

AI data centers demand staggering amounts of energy—a ChatGPT search uses up to 10 times more energy than a regular Google one—and they run hot. To keep them cool, these facilities consume billions of gallons of water every year. Most of that evaporates, but residents are wary because they have had problems with facilities and their runoff in the past, so they worry these new facilities could affect fish and disrupt the land. The very things the residents of Kentucky hope to preserve.

Still, some locals see potential, even progress.

“AI is in everything that we do,” said Wes Hamilton, a local entrepreneur who did his fair share of crypto mining in Kentucky in its heyday. “Siri, ChatGPT, robotics—everything you can imagine has to have AI,” he said. “Bitcoin is a one-trick pony. You create it. The only person that gets paid is the owner of the machines.”

Hamilton claims there is a path forward where data centers bring in investors, engineers, maybe even companies willing to stay. All the AI people in the world would be steaming into Kentucky, Hamilton says. And while he admits to losing a fortune in crypto ventures in the past, he claims this is different.

When Bitcoin first arrived, lawmakers offered generous tax breaks to lure miners. Companies investing more than $1 million were exempted from paying sales taxes on hardware and electricity. And then, in March 2025, Kentucky governor Andy Beshear took all that and went a step further by signing a “Bitcoin Rights” bill into law.

The legislation, cast as a defense of personal financial freedom, is designed to enshrine the right to use digital assets in Kentucky. An earlier draft went further, aiming to bar local governments from using zoning laws to restrict crypto mining operations—a provision that drew resistance from environmental groups. That language was eventually tempered, but the intent remains: to signal that, in Kentucky, digital extraction can keep humming.

Which is why we found ourselves outside this facility in Campton, staring at this semicircle of metal buildings nestled in the trees. The mines run all night and all day, even Sundays. And the question some are asking now, with bitcoin hovering around $100,000 and big miners talking about pivoting to AI, is whether bitcoin mining gets a second wind in Kentucky.

Mohawk’s bitcoin mining may even make a comeback. Anna Whites said the parties are supposed to go into arbitration May 12th. “I’m hopeful,” she told us. “I’m very hopeful that they sit down and say, ‘Mighty nice plant you have there. Let’s just go ahead and turn it on.’”

[heartbreakincident]

I think you beed to explain the bitcoin thing for your loyal Eden fans.

yeah i put this in the replies but i'll say it here because people are really intrigued by the bitcoin thing dhdhd

so i jokingly said once that despite what the game says, eden makes his money in rebirth via crypto scams, and that joke eventually turned into this idea that eden invested in/mined bitcoin SUPER early. like, 2009/2010 early. ortega absolutely made fun of him, but he never really brought it up again and just sort of held onto his coin and moved on.

cue heartbreak, he dies/disappears for years, and then comes back. mostly forgot about it, and then circa 2020/2021 the Crypto Hype Era starts and he's like "wait a second." checks in, and it turns out he's sitting on millions of dollars.

he starts exchanging for actual USD basically immediately, understanding that crypto is largely a scam and he doesn't really have the crypto bro "HODL" mentality, but he DOES exchange a portion into Ethereum and such to take advantage of the NFT hype to scam some people out of more money as he gradually divests.

tl;dr, eden is one of the lucky few that actually became rich as fuck off of crypto, mostly by accident, and he also can't believe people are that fucking stupid.

[odinsblog]

US Bitcoin Miners Use as Much Electricity as Everyone in Utah

Bitcoin miners in the US are consuming the same amount of electricity as the entire state of Utah, among others, according to a new analysis by the US Energy Information Administration. And that’s considered the low end of the range of use.

Electricity usage from mining operations represents 0.6% to 2.3% of all the country’s demand in 2023, according to the report released Thursday. It is the first time EIA has shared an estimate. The mining activity has generated mounting concerns from policymakers and electric grid planners about straining the grid during periods of peak demand, energy costs and energy-related carbon dioxide emissions.

“This estimate of U.S. electricity demand supporting cryptocurrency mining would equal annual demand ranging from more than three million to more than six million homes,” the report said.

While mining began in the US a decade ago, an influx of crypto mining companies have relocated from China after that country banned the industry in May 2021. Over the last three years, a flurry of large-scale miners have gone public in the US, setting up operations in some of the most energy-rich states such as Texas and New York.

(continue reading)

[pop90sblog]

I need help

I'm 33 years old and I've been working since I graduated from high school. Through the years, I managed to save some money, even though I've had some real tough times, even though I've had to economically help my family for a couple of years, even though I've been living by myself and paying rent for me and two amazing kitties since 2021. I had saved 7000 euros.

Unfortunately, things don't always go our way. I've been scammed through an Instagram advert that talked about a part time job to do at home. Actually it was just an illegal business, done through bitcoins and by unnamed and untraceable people. During the last couple of days I've lost all money I had saved in my whole life.

That's why I'm here, asking for help. I wouldn't if it weren't absolutely necessary. I'm ashamed, but I really need it. I know there are a lot more emergencies around the world right now, but this is mine. Thank you for reading this and thanks to everyone who will help.

[fursasaida]

If you have a bunch of trees, and you chop them down to make paper or lumber or whatever, you can sell the paper or lumber or whatever for money, but on the other hand trees store carbon and cutting them down is bad for climate change. If instead you do not chop down the trees, that is good for the environment, and it is a great innovation of modern finance that, now, you can get paid for not chopping down the trees. This is called “carbon credits.” There are measurement problems.

If you mine Bitcoin, you use a lot of electricity to run computers to perform calculations to get Bitcoins for yourself, which you can sell for money. But this is bad for the environment, because it uses electricity that is probably generated in ways that release carbon.[1] If you were to stop mining Bitcoin, conversely, that would be good for the environment. Can you get paid, though, for not mining Bitcoin? Oh yes, modern finance has solved that one too:

Bitcoin miner Riot Platforms Inc. made millions of dollars by selling power rather than producing the tokens in the second quarter as the crypto-mining industry continued to grapple with the impact of low digital asset prices.

The Castle Rock, Colorado-based company had $13.5 million in power curtailment credits during the quarter, while generating $49.7 million in mining revenue. Riot booked $27.3 million in power curtailment credits last year and $6.5 million in 2021 from power sales to the Electric Reliability Council of Texas, which is the grid operator for the Lone Star state. …

The company had $18.3 million in power credits in June and July based on its latest monthly operational updates, including $14.8 million in power curtailment credits received from selling power back to the ERCOT grid at market-driven spot prices under its long-term power contracts and $3.5 million in credits received from participation in ERCOT demand response programs.

Here is the 10-Q; this stuff is described in Note 8. Some of what is going on here is that Riot has a long-term power supply agreement in which TXU Energy Retail Co. has to supply it with electricity at fixed prices through 2030, and Riot has the option to sell the power back to TXU, at market rates, for credit against its future electric bills, when the spot price exceeds the contract price. But part of it is demand response, where ERCOT pays Riot cash for using less than its typical electrical load during periods of peak demand.

As with carbon credits, there are measurement problems; I have never mined a single Bitcoin, yet ERCOT has never sent me a penny for my forbearance. Still, how great is modern finance? Twenty years ago, if you had told people that one day they could get paid for not mining Bitcoin, they would have said “what?” But now it is possible. Modern finance created the problem (Bitcoin mining) and the solution (paying people not to mine Bitcoin); the overall result is that nothing happens and yet people get paid. Just a miracle of financial engineering.

Also: Riot is getting paid for not using electricity, but if you are an enterprising Bitcoin miner surely you should look into getting paid for not using carbon when you are not mining Bitcoin. Riot is not there yet, but it is possible to imagine a warming world in which energy prices go up and Bitcoin prices go down and Bitcoin miners can get paid more for not mining Bitcoin than for mining Bitcoin. Giant fortunes will be made by people who got in early to the business of not mining Bitcoin. The future is so good, man.

This is from Matt Levine's "Money Stuff" newsletter (which yes is under the Bloomberg masthead), which I highly recommend if you want some kind of awareness of what the finance yahoos are doing but want to feel like you're hearing it from a human person

[learnwithmearticles]

Technology's Use of Water

While water is renewable, it is finite. Its renewability depends on us using and managing our water resources responsibly.

Previous articles on this page have discussed hydropower and how it produces less waste and costs less than other resources. We have also briefly discussed how other energy sources consume water as a coolant or receptacle for waste. Entire university courses are dedicated to human uses of water.

Water Scarcity

Only 3% of water on Earth is freshwater. Of course, we need this to drink, but we need it for many more services beyond that.

Many plumbing fixtures are made of copper, which saltwater severely corrodes, same as lead and, over a longer time, PVC. Toilets on average use 1-5 gallons of water per flush. If we want to preserve freshwater by switching to saltwater plumbing, we would have to rethink and re-pipe entire plumbing systems.

We lose safe water in rain, as well. Supported by a study in Environmental Science and Technology, the Center for Disease Control and Prevention in 2022 stated that rainwater is not safe to drink. Chemicals known as per-/poly-fluoroalkyl substances break down extremely slowly, and have leached from many products like cleaners, fabrics, and shampoo into the water cycle. Removing PFAS from water requires filters of activated carbon or reverse osmosis membranes, which also require frequent maintenance.

A lot of water is also not available to us because it is in ice caps and glaciers, which are estimated to be about 68% of Earth’s freshwater. This water is also being lost, because as glaciers melt at increasing rates, that freshwater becomes saltwater in the ocean.

These limitations mean that water is not necessarily renewable yet, especially because treating water produces its own waste and pollution. We have to be responsible with the small percentage of water we have access to.

Irresponsible Use

There are a ridiculous amount of ways in which we waste water. Leaks, watering lawns, and leaving taps running are some of the big household wastes of water. While individual accountability and changes can still make a big difference, I want to focus on bigger impacts.

One example is in nuclear power production. Nuclear power plants use water to cool down used fuel when it is done being used in the reactor. This results in radioactive and thermal water pollution.

Agriculture is another common cause of water pollution. Excess water from rain or artificial watering runs off of agricultural fields and flows towards streams and bodies of water. This runoff often includes amounts of fertilizers and pesticides ranging from minimal to extremely harmful. This leads to improper levels of oxygen, nitrogen, and hydrogen within the water. Like water contaminated by pharmaceuticals, this is not safe to drink, and something not safe for skin contact.

Technology is also a major factor of water demands. Artificial Intelligence and cryptocurrency are heavy water consumers.

AI is beneficial within waste management, as it is able to quickly analyze information and identify issues, potential problems, and potential areas of improvement. Unfortunately, AI training requires a large amount of water. One study states that training GPT-3 alone can evaporate 700,000 liters of freshwater. In 2027, AI is predicted to consume 4.2 to 6.6 billion cubic meters of water. In comparison, Denmark nationally consumes around one billion cubic meters in a year.

Cryptocurrency is even worse. It goes through a process called mining in which transactions are verified and new ‘coins’ are generated into the system. This process is extremely water-demanding. For example, in 2021, mining of Bitcoin consumed more than 1,600 gigaliters of global water. On average, each cryptocurrency transaction consumes 16,000 liters of water in cooling down the computer equipment and the power plants that provide the electricity.

Saltwater as an alternative in these situations does exist; however, this process has the disadvantages of one-time use, large water intake, sewage discharge, and ocean pollution. Technology has begun to improve on this method with seawater circulation cooling technology, which reduces sewage discharge and water intake, but remains an imperfect solution.

Technology has the potential to drastically improve environmental management and restoration, but still has a long way to go before we offset the huge impacts we have made. Freshwater is taken for granted by many people, and the systems that disproportionately consume the most of it are not held accountable. This cycle must stop if we want to make water a truly renewable resource.

Additional Resources

1. Water Renewability

2. Corrosion on Plumbing

3. Treating PFAS

4. Household Water Waste

5. Nuclear Water Waste

6. AI Helping Water Management

7. AI Water Consumption

8. Crypto Mining Water Consumption

9. Seawater cooling technology

[trickstarbrave]

i feel like i should upgrade my graphics card. im still running a GTX 1660 ti bc it was all that was available during the fucking pandemic lock down stuff of 2020/2021. every other graphics card was like 800-1000 fucking dollars bc of supply chain issues and every crypto bro buying them up for bitcoin mining or some other shit.

[monsterkong]

Weather, Lithium, and a Dash of AI Madness – A Business Breakdown

📢 Let’s Talk Business, Weather, and All the Weirdness In-Between On this week’s episode of Right About Now with Ryan Alford, we embraced the randomness. From South Carolina's bonkers weather shifts to GM’s big lithium play, we had a lot to unpack—and a lot to laugh about. 😂

Business Talk Gets Personal – Merch, Miami, and a Ferrari Stuck in Traffic 🚦 Chris checked in from Miami, where things have calmed after hurricane season. Ryan, on the other hand, was reveling in his new Brandon Bills hoodie, finally cold enough to wear. Fashion and weather, folks, a match made in South Carolina! 🧥

Lithium Mining in Nevada – A New Frontier 🔋 GM made headlines this week with a $625 million investment in a lithium mining venture. As Ryan said, it's good to see companies investing in American resources. Will this keep us ahead in the EV game? Only time will tell.

Tesla’s Robot Taxi – Genius or Just Weird? 🤖 We had some fun discussing Elon Musk’s latest invention—the Roven. A robot taxi sounds cool, but are we really ready to share the road with autonomous vehicles? 😬

Bitcoin’s Comeback and a Crypto Resurgence 🚀 Bitcoin's value is surging again, and it feels like 2021 all over! Chris gave us the scoop—crypto is back, baby! 💪 Maybe it’s time to start dollar-cost averaging again.

The Future is Here, But Are We Ready? Finally, we touched on Meta’s AR glasses, which are giving us a glimpse of what personal computing could become. But let’s be real—do we really want holograms in our faces 24/7? Or should we take Chris’s advice and just enjoy the real world while we still can? 🌍

Catch all the latest episodes on Spotify and YouTube. Don’t miss a single update, because the future is happening right now...and we’re taking you along for the ride!

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i haven't said anything about bitcoin in years really, but it's because i don't have anything new to add. the predictions i made last time still stand: if they're going to pull off another moonshot 18mos after the halvening again (oct 2025), they need bigger institutional adoption than when tesla converted $1.5 billion of its corporate ledger to crypto in 2021

this is in no small part responsible for the far-right extremist political climate in the US, it created cashflow among them because of the particular billionaires that it minted. i don't believe the moonshot is as plausible this time as it has been in past, just because of the amount of investment it would require (tesla's $1.5b was 0.15% of feb 2021 $1t market cap, conservative moonshot estimate 600% rise to $300k, making market cap $15t, of which 0.15% is $22b, so it would require about 1500% as much investment, and 100% as much luck, to perform similar price manipulation, if i had to pull some numbers out of my ass. not outside the realm of possibility, but let's wait and see if USD collapses tomorrow). anyway, guess who just suggested buying bitcoin to reduce the federal debt

oh, also, "crypto mining is contributing to texas grid instability" has become a rather mainstream talking point. several years after i said it. clearly it does not take a genius lol

[arbitcoin]

هل يمكن أن يكون الماراثون مستعدًا للفريق مع إكسون أو أرامكو على تعدين بيتكوين غاز فلارين؟

هل يمكن أن تكون الممتلكات الرقمية في ماراثون في محادثات استكشافية مع إكسون موبيل وأرامكو السعوديين لتسليط وحدات تعدين البيتكوين في حقول النفط ، واستفادة مباشرة من غاز Flare for Power؟يعتقد Crypto Twitter أنه موجود ممكن، وإذا تم تأكيدها ، فإن الشراكة يمكن أن تتوافق مع مقياس وشرعية عمليات الغاز إلى البتاتين ، مما يحول الميثان النفايات إلى أصول رقمية مستثخية مع معالجة مخاوف ESG.ماراثون الأسهم الذروة cryptoklepto يفكر، "من المرجح أن يكون أحد هذه السيناريوهات على الأقل في غضون الـ 6 إلى 12 شهرًا القادمة لـ $ mara."بينما لم تعلن أي من الشركات رسميًا عن صفقة ، ألمح الرئيس التنفيذي لشركة Marathon Fred Thiel إلى "مناقشات مع بعض أكبر شركات الطاقة في العالم" مكالمة أرباح مايو، مضيفًا أن "قطع توليد Flare-Gas" ستأتي قريبًا على الإنترنت حيث يمكننا نشر عمليات تعدين Bitcoin الخاصة بنا.يتماشى التوقيت مع إعلان Aramco May 2025 لـ 34 Mous New Mous مع الشركات الأمريكية ويتبع الطيار السابق لـ Exxon مع Crusoe Energy في نورث داكوتا.طيار مثبت ، على استعداد لتوسيع نطاقهالماراثون لا يبدأ من الصفر. في أواخر عام 2024 ، أطلقت طيار 25 ميجاوات في تكساس باستخدام الغاز الصخري الذي تقطعت به السبل ، وتجنب منافسة الشبكة مع تأهل للحصول على أرصدة لتخفيض الميثان. وقال ثيل لرويترز: "إن رجال الذكاء الاصطناعى مستعدون لدفع أي سعر تقريبًا للطاقة". "جلب التشفير إلى إمدادات الطاقة الخام يتيح لنا تجنب تلك المعركة."البنية التحتية للهواتف المحمولة والتوصيل والتشغيل هي مصممة خصيصًا لحقول النفط. تقوم هذه الوحدات المحمولة بتحويل الميثان المذهل إلى الكهرباء ، والتي يتم استخدامها بعد ذلك لتنزين عملة البيتكوين ، وهي عملية أظهرت إكسون والكروسو على نطاق واسع من خلال تحويل 18 مليون قدم مكعب من الغاز شهريًا وقطع الانبعاثات المكافئة بنسبة تصل إلى 63 ٪.السعودي أرامكو سابقا رفض أي نية لبلغتي البيتكوين. في عام 2021 ، وصفت الشركة مثل هذه التقارير "خاطئة وغير دقيقة".ومع ذلك ، ادعى Thiel من Marathon مؤخرًا أن الشركة لديها 4-5 جيجاوات من السعة الزائدة ، وهو مقياس يمكنه تشغيل عشرات الآلاف من منصات التعدين. إذا تم إعادة توجيه جزء صغير حتى ، فسيتجاوز إجمالي الناتج للعديد من مرافق التشفير المستقلة.وفي الوقت نفسه ، لدى إكسون الذاكرة المؤسسية والبيانات من طيار Crusoe لمدة عامين ، مما قد يجعل تتبع مشروع جديد مع الماراثون أقل من المضاربة مما يبدو.لماذا الآن؟ التقاء الضغط والفرصةوراء الكواليس ، الزخم التنظيمي هو بناء. تبدأ رسوم انبعاثات الميثان الأمريكية بموجب قانون الحد من التضخم في هذا العام ، مما دفع منتجي النفط إلى إيجاد طرق لتقليل انبعاثاتهم أو تسييلها. يوفر Flare-Gas Mining مسارًا منخفضًا للامتثال للامتثال ، خاصة عند إقرانه مع أسواق إزاحة الكربون.علاوة على ذلك ، تمت الموافقة على الفواتير في تكساس على وجه التحديد لتشجيع تعدين البيتكوين باستخدام غاز التوهج.في الوقت نفسه ، يتصارع عمال مناجم Bitcoin بهوامش مضغ��طة بعد النصف في أبريل 2025. أنتج Marathon ، أحد أكبر اللاعبين المدرجين في هذا المجال ، 950 BTC في مايو ، ولكن يجب الآن متابعة مصادر الطاقة دون 0.03 دولار/كيلو وات في الساعة لتظل قادرة على المنافسة. يمكن أن تصبح Flare-Gas ، التي كانت ذات يوم مدخلات طاقة هامشية ، شريان حياة بعد النصف.الشكوك لا تزال مبررة. لا توجد ملفات SEC أو الاتفاقيات العامة أو التعليقات الرسمية تؤكد شراكات Exxon أو Aramco. بالنظر إلى إنكار Aramco الماضي ، من المحتمل أن يشمل أي تحول في الموقف أشهر من التصريح ، وبناء البنية التحتية ، وحساب التفاضل والتكامل السمعة.إذا كانت مخصصات الزيت Greenlight Bitcoin تعدين على رأس البئر ، فستتحول محادثة Flare-Gas من "هل يمكن أن تعمل؟" إلى "ما مدى سرعة توسيع نطاقه؟" قد يكون الماراثون ، مع وحدات تسليم المفتاح وصعوبة وول ستريت ، في الخط الأول.ماذا تشاهدالإيداعات العامة أو Mous من Exxon أو Aramco أو Marathon تأكيد التعاون التجريبي.ردود منظم الطاقة على تعدين الغازات وسط عرض رسوم الميثان.تحديثات الإنتاج Q3: تكاليف طاقة الماراثون و BTC العائد لكل موقع.انتشار المجتمع حول الضوضاء والانبعاثات من موقع الماراثون تكساس فلار."ستجد مزيجًا من الحرارية ومزيج من الرياح والطاقة الشمسية وبعض الغازات المضيئة. إنه يعتمد حقًا على السوق والشريك.نحن في مناقشات مع بعض أكبر شركات الطاقة في العالم التي لديها مزيج من جميع مصادر الطاقة والنووية.فيما يتعلق بـ Flare Gas ، هناك الكثير من أصول الغاز في جميع أنحاء العالم تنطبق على هذه الطريقة ...وما أعتقد أنه سترى أننا نفعله أكثر فأكثر في المستقبل هو أننا نواصل العمل مع منتجي

النفط والغاز بشكل خاص ، سترى قطعًا من جيل من نوع الغاز المتوهج على الإنترنت في أجزاء مختلفة من العالم حيث يمكننا نشر عمليات تعدين Bitcoin ، كوسيلة لتحمي هذا الغاز الذي تقطعت بهم السبل. ونحن متحمسون للغاية لتلك الفرص ".- تايل ، الرئيس التنفيذي للماراثونهذه القصة تتطور. سيتم تحديث Cryptoslate مع ظهور المزيد من التفاصيل.المذكورة في هذه المقالة

[10bmnews]

Govt allocates 2,000MW of electricity for Bitcoin mining, AI data centres

A representation of virtual currency Bitcoin is seen in front of a stock graph in this illustration taken January 8, 2021. — Reuters  In a significant move to drive Pakistan’s digital transformation, the government has earmarked 2,000 megawatts (MW) of electricity in the first phase of a national strategy aimed at supporting Bitcoin mining and artificial intelligence (AI) data centres. According…

[blindingthiefgeode]

How High Could Bitcoin Go with Paladinmining.com

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[unpluggedfinancial]

Bitcoin’s 15-Year Stress Test: Why It’s Still Here & Stronger Than Ever

For the past fifteen years, Bitcoin has been under relentless attack. Governments have tried to ban it, banks have ridiculed it, media outlets have called it a scam, and market crashes have tested the patience of even the most hardened believers. Yet, despite every obstacle, Bitcoin has not only survived—it has thrived. What makes this decentralized digital asset so resilient? Let’s break down why every attempt to kill Bitcoin has failed and why it continues to grow stronger.

The Battle Against Government Bans

Since its inception, Bitcoin has been seen as a threat to the traditional financial system. Governments across the world have attempted to outlaw or heavily regulate it. China has "banned" Bitcoin multiple times, yet mining operations continue to thrive. India once proposed a full-scale ban, only to later reconsider and begin exploring crypto regulations. In the United States, regulatory uncertainty and crackdowns on exchanges have been frequent, yet institutional adoption continues to rise. The pattern is clear: banning Bitcoin is like trying to ban the internet. A decentralized network with thousands of nodes worldwide cannot be shut down by any single entity.

The FUD That Never Sticks

Bitcoin has been declared dead over 400 times by mainstream media. Each market cycle, the same fear, uncertainty, and doubt (FUD) resurfaces: “Bitcoin is a bubble,” “Only criminals use it,” “It’s bad for the environment,” and so on. Yet, Bitcoin continues to defy these narratives. The argument that criminals primarily use Bitcoin has been debunked repeatedly, as illicit transactions make up only a fraction of its total volume compared to traditional banking systems. The environmental FUD has also been countered by the fact that Bitcoin mining is increasingly powered by renewable energy and even helps balance electrical grids. Each wave of misinformation eventually fades, leaving Bitcoin standing stronger than before.

Market Crashes? Bitcoin Shrugs It Off

Bitcoin is no stranger to volatility. It has experienced multiple crashes, some over 80% from its previous all-time highs. In 2013, it hit $1,000 before plummeting to $150. In 2017, it soared to $20,000, only to fall to $3,000. In 2021, it reached $69,000 before dipping below $15,000. Yet, history shows that each crash is followed by a recovery and a new record high. Bitcoin follows a cyclical pattern driven by halving events and increasing adoption. Those who panic sell during downturns often regret it when the price rebounds and climbs even higher.

The Real Scandals Were Never Bitcoin’s Fault

When major crypto-related scandals break, Bitcoin often gets unfairly blamed. Mt. Gox, QuadrigaCX, and FTX were all centralized exchanges that collapsed due to fraud, incompetence, or mismanagement. Yet, Bitcoin itself was never hacked, nor did it fail as a system. The lesson here is clear: Bitcoin isn’t the problem—trusting centralized intermediaries is. “Not your keys, not your coins” remains one of the most important principles for Bitcoin holders.

Adoption is Inevitable

Despite all the attempts to dismiss or destroy Bitcoin, adoption continues to grow. El Salvador made Bitcoin legal tender, a move that was initially met with skepticism but has since gained traction. Major financial institutions, once hostile towards Bitcoin, are now offering Bitcoin custody services and investment products. The approval of Bitcoin ETFs is opening the doors for more institutional money to enter the space. Banks and governments are realizing that Bitcoin isn’t going away—so instead of fighting it, they’re trying to integrate it.

The Future: Bitcoin is Inevitable

Bitcoin has faced every attack imaginable, from government bans to market crashes, misinformation campaigns, and financial scandals. Yet, with each challenge, it becomes more resilient. The hardest money in history is still in its early days, and those who understand its value are positioning themselves ahead of the curve. The real question isn’t whether Bitcoin will survive—it’s whether you will be ready when it takes over.

Tick Tock, Next Block.

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