Electricity demand associated with U.S. cryptocurrency mining operations in the United States has grown very rapidly over the last several years. Our preliminary estimates suggest that annual electricity use from cryptocurrency mining probably represents from 0.6% to 2.3% of U.S. electricity consumption. 1 This additional electricity use has drawn the attention … [continued]
Sun Exchange says the purchase of solar cells in bitcoin demonstrates the power of cryptocurrency and innovative fintech to advance the clean energy transition and address the impact of South Africa’s pressing energy crisis on schools and other organizations. Sun Exchange, a global solar leasing platform, today announced that a … [continued]
How would you feel about Bitcoin if the tech that powered it was carbon neutral?
Mining bitcoin is often pretty bad for the environment due to coal being the primary power source, and another key source is natural gas. The Bulletin of the Atomic Scientists shared that in Pennsylvania, Big Dog Energy LLC installed 30 gas-fired generators at one of its gas well pads in … [continued]
CNBC has shared the story of Siraj Raval, an owner of a Tesla Model 3 who has tried various ways of mining cryptocurrencies. His setup includes free bitcoin mining software on his Mac mini M1, which is powered by plugging an inverter into the 12-volt power socket in the center … [continued]
If Bitcoin’s carbon problem got solved, what would stand in its way?
This is the third article in a three-part series based around my recent interview with Bill McKibben, a legend in the world of climate activism and climate communication. In the first part, McKibben talked about climate grief, the climate crisis, climate activism, and US climate policy. In the beginning of … [continued]
Bitcoin has a well known problem, even if many bitcoin fans would like to ignore it or pretend it isn’t real. The problem is that bitcoin mining uses an enormous amount of electricity. It’s not a large amount, and actually maybe it’s not even an enormous amount — it’s an … [continued]
This was a great quarter for Tesla. Record production, record deliveries, tremendous growth, and excellent margins in a difficult operating environment. I felt some opportunities for questions were missed, though. What’s the status of Model X deliveries this quarter? No one cared about Tesla’s second mass-market product. From the looks … [continued]
These are some key areas that could be part of the Tesla Q2 earnings call today.
