By Shelly Melancon (Switzerland)
Hass McCook revealed that a new technology called immersive cooling technology is the solution to the current high energy output for mining the leading digital currency.
The Unique Technology
According to McCook, this technology should become effective within the next decade. It involves soaking BTC mining ASICs into a unique temperature reduction system to take in the heat and recycle it afterward. A side benefit of this technology is an increase in productivity.
Some weeks ago, riot blockchain (a BTC mining firm) revealed that it started creating this technology at one of its facilities, with its power projected to be about 200MW. The firm has already trialed this tech, and their test results indicate that once the tech is at full performance, ASIC operations efficiency will rise by 50% and hash rate by 25%. Brian Roemmele (a host with a popular blockchain company) tweeted an image of a submerged BTC mining rig today and claimed that this new technology would lower heat and noise by over 90%, and about 40% of that heat can be recycled for power purposes.
Various Opinions About The Technology
Roemmele further claimed that BTC mining power would be utterly environment-friendly within the next two years, and no other network would have such functionality. However, McCook disagrees with Roemmele about BTC mining becoming green within the next two years. McCook opined that achieving green BTC mining in 2024 is too optimistic, but the next decade is more realistic.
He also said, “this technology will make the BTC mining equipment more durable. Also, there is lesser energy requirement to cool the rigs during the BTC mining process.” The BMC member added that this is a hugely enticing feature for miners despite its positive environmental impact.
He is convinced that miners will lead the push for the switch to this renewable mining option because it will lower their costs and increase their profit margins, not necessarily because of the environmental effect. He also opined that the ultimate goal was for miners to start utilizing sustainable energy sources.
McCook further revealed that the supporting energy source must be emission-less before BTC can indeed be emission-less too. He explained that miners could increase their rigs’ worth to $75m by simply purchasing $10m immersion tech with their $50m mining rigs.
Efficient BTC Mining
A new survey by the BMC for its members suggests that the mining energy used by them is about 66% renewable. Thus, these statistics indicate that the renewable energy source within this industry as a whole is now at about 58%, showing a 3% rise from the previous quarter.
The BMC opined that this sector is now the most sustainable worldwide. The BMC president, Micheal Saylor, added that several factors contributed to the improved efficiency of bitcoin mining. Those factors include the huge number of miners who left China, the focus on renewable energy, the fast growth of the mining sector in this continent, and technological improvements in semiconductor use.
At Tokenhell, we help over 5,000 crypto companies amplify their content reach—and you can join them! For inquiries, reach out to us at info@tokenhell.com. Please remember, cryptocurrencies are highly volatile assets. Always conduct thorough research before making any investment decisions. Some content on this website, including posts under Crypto Cable, Sponsored Articles, and Press Releases, is provided by guest contributors or paid sponsors. The views expressed in these posts do not necessarily represent the opinions of Tokenhell. We are not responsible for the accuracy, quality, or reliability of any third-party content, advertisements, products, or banners featured on this site. For more details, please review our full terms and conditions / disclaimer.