-

Canaan Announces A New Bitcoin ASIC And Green Mining

Canaan senior vp, Edward Lu, shared the corporate’s plans to create inexperienced power requirements for Bitcoin mining on the mining stage at Bitcoin 2022. Lu gave a speech, titled “Clean Energy: The New Revolution of Bitcoin Mining.”

Lu said, “Sustainable Bitcoin mining is related to the future of human society, and the key lies in the construction of more advanced energy-efficient technologies and green mining infrastructure, as well as continued increase in the proportion of renewable energy use.”

Canaan has officially released four standards for their Avalon Made products, engineers, cooperative mines and after-sales service in order to promote sustainable mining construction. He also shared his views on immersion liquid cooling technology to promote the transformation of mining infrastructure to “inexperienced” solutions.

The company released their three key pillars of green mining: Energy, Miner and Infrastructure (EMI).

For energy, bitcoin mining plays an active role in both traditional energy power and clean energy power. Miners look for low-cost or free electricity to power their machines. It is common for mining equipment to be deployed in oil and gas fields and hydroelectric power stations. By deploying mining equipment on oil and gas sites, the carbon footprint of the extraction process is reduced. The reason there is no other way to do this is because other industries lack the flexibility of Bitcoin mining.

Latest news

ETH/USD Gains Momentum to Thrust Upward

Join Our Telegram channel to keep up to date on breaking information protection Better than anticipated, Ethereum has risen considerably...

SOL Price Prediction: SOL Is Just Below $14; Will We See $15 by Christmas?

Join Our Telegram channel to keep up to date on breaking information protection The current collapse of the FTX platform,...

Bitcoin Hits $17,000, But Is It Too Early To Call The All Clear?

Bitcoin is retracing its current week losses, and it’s about to reclaim the help misplaced through the FTX debacle....

GMX Price Prediction as GMX Token Surges Towards Record Highs Above $50

Join Our Telegram channel to keep up to date on breaking information protection GMX, the token that powers the Decentralized...
- Advertisement -spot_img

Biggest Crypto Gainers Today – December 1st

Join Our Telegram channel to keep up to date on breaking information protection A number of currencies present useful alternatives...

CAKE Coils Up Before A Run-up To $4.30

Join Our Telegram channel to keep up to date on breaking information protection Ever since PancakeSwap (CAKE) hit an all-time...

Must read

ETH/USD Gains Momentum to Thrust Upward

Join Our Telegram channel to keep up to date...

SOL Price Prediction: SOL Is Just Below $14; Will We See $15 by Christmas?

Join Our Telegram channel to keep up to date...
- Advertisement -spot_imgspot_img

You might also likeRELATED
Recommended to you