William Shatner Boldly Goes to Fight Bitcoin’s Carbon Footprint

1 month ago admin2 Comments Off on William Shatner Boldly Goes to Fight Bitcoin’s Carbon Footprint
Advertisement

Open Positions at CCN: Full Time and Part Time Journalists Wanted.

A recent study estimated that mining Bitcoin consumes as much electricity as the Republic of Ireland. Hollywood actor William Shatner, who is best known as Captain Kirk in Star Trek, is now involved in efforts aimed at pushing for renewable energy use in the mining of the flagship cryptocurrency. This, he argues, is good for the environment as well as the bottom line.

As a renewable energy advocate, Shatner serves as a spokesperson for Solar Alliance, a company based in Vancouver. The Canadian firm recently acquired an abandoned warehouse in Murphysboro, Illinois where it will build a 3-megawatt solar farm. The renewable energy company will then rent out space to cryptocurrency miners once the facility becomes operational.

“As an advocate for solar energy I was intrigued by the potential for it to power cryptocurrency mining operations. They are energy intensive and utilizing solar arrays to power them makes social and economic sense,” said Shatner in a press statement.

No Longer a ‘Snob Currency’

Shatner was not always pro-Bitcoin though. Four years ago he branded (sic) ‘bit coin’ a ‘cyber snob currency’. But his views seem to have evolved as he told the Chicago Tribune recently that as much as the concept of cryptocurrencies is ‘really strange’ the idea make sense once one’s understanding deepens.

Solar Alliance’s choice of Illinois was driven in part by the state’s policies as well as incentives. According to the company’s CEO, Jason Bak, Illinois requires utility firms to purchase renewable energy. The Canadian company was also incentivized into acquiring the 165,000-foot warehouse by Murphysboro’s mayor, Will Stephens, as part of an initiative known as “Renewing the Murphysboro Community Through Green Energy Jobs”. The warehouse has been vacant for more than a decade and previously housed a label-making factory.

For the Good of the Planet

Solar Alliance is not alone in trying to make the mining of cryptocurrencies sustainable. Earlier in the year, for instance, Japanese power utility Kumamoto Electric Power unveiled a cryptocurrency-mining unit which will draw most of its energy from solar photovoltaic arrays. The subsidiary known as OZ Mining will build containerized mining facilities which will be ideally installed near power sources. Additionally, OZ Mining will provide cloud-based cryptocurrency mining services.

Moonlite is another example of a company pushing for the use of renewable energy in cryptocurrency mining in a bid to reduce Bitcoin’s carbon footprint. It is currently estimated that Bitcoin has a yearly carbon footprint of more than 25,000 kilotons.

Follow us on Telegram.

Advertisement

cryptocoinsnews.com

Related Posts

Rollercoaster Weekend: Bitcoin Price Falls From $7,300 to $5,600 and Rebounds to $6,200

admin2 8 months ago
Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Within a single weekend, from November 11 to 12, the bitcoin price plunged from $7,300 to... Read More

Venezuela’s Bolivar Sees 454% Inflation in Q1 as Maduro Hawks the Petro

admin2 3 months ago
Advertisement Join our community of 10 000 traders on Hacked.com for just $39 per month. Runaway inflation continues to devalue the Venezuelan Bolivar (VEB), even as the country’s authoritarian... Read More

Blockchain’s 2018 Goal? Human Rights Over Financial Gains

admin2 7 months ago
Thessy Mehrain is director of product and innovation at ConsenSys, where she works on dapps and protocols to enable social innovation via the ethereum blockchain. She is also the... Read More

Malta Watchdog Proposes New Blockchain Gaming Guidelines

admin2 4 months ago
The Malta Gaming Authority (MGA) has published proposed guidance on using distributed ledger technology and cryptocurrencies within the nation’s online gaming space. The document – which is currently open... Read More