Ga naar de inhoud

Blockchain News Feed

All the latest news on Blockchain & Cryptocurrencies

Menu
  • Home
  • News
  • Exchanges
  • Market Analysis
  • YouTube
  • Brave Browser
Menu

William Shatner’s Ambitious Plan to Operate a Bitcoin Mining Center Powered by Solar Energy

Geplaatst op juni 18, 2018 door Blockchain News

William Shatner, a well respected Canadian actor, author, producer, and director has released an ambitious plan to operate a bitcoin mining farm in Southern Illinois that is powered entirely by solar power.

Plan to Have the Edge over Other Mining Centers

In an interview with Chicago Tribune, Shatner explained that he has recently started to understand the concept of the blockchain and the potential of cryptocurrencies such as Bitcoin and Ethereum in the global finance sector as well as their applicability in a variety of industries including technology, healthcare, insurance and more.

“The concept is so, I guess the word is bizarre. You have to blank your mind and say, ‘What is blockchain, again? How does mining operate, again?’ The concepts are bizarre, and yet when you begin to grasp it, it makes sense,” Shatner explained.

Already, in collaboration with Solar Alliance and its CEO Jason Bank, Shatner and the rest of the Solar Alliance team have started to work with local regulators to obtain a deal that would allow the company to purchase solar energy at substantially cheaper rates.

Mostly, the vision of Shatner and Bank is to compete with important cryptocurrency mining centers and upcoming mining companies by reducing the cost of electricity involved in mining cryptocurrencies such as bitcoin.

Throughout the past 12 months, several states and cities have banned cryptocurrency mining due to its excessive consumption of energy and its impact on towns that provide electricity primarily to households. In March 2018, for instance, a small lakeside town in upstate New York called Plattsburgh established a memorandum to ban Bitcoin mining for a year and a half, fed up by mining centers that take advantage of its cheap renewable energy.

“It is the purpose of this Local Law to facilitate the adoption of land use and zoning and municipal lighting department regulations to protect and enhance the City’s natural, historical, cultural and electrical resources,” the Plattsburgh authorities said.

But, regulation on the cryptocurrency sector varies depending on the preference of regional governments. The state of Illinois and its local financial authorities are optimistic in the long-term potential of cryptocurrencies and are in support of related mining businesses.

Cryptocurrency Mining Center Supported by Illinois

According to Bak, Will Stephens, the mayor of Murphysboro, offered to give a 165,000 square-foot factory that has not been used since 2004 to the mining business so that it can begin the process of establishing its mining center and using solar energy to power the facility.

If Shatner’s mining venture does manage to run a sustainable Bitcoin mining center entirely powered by solar energy, it will improve the image of the state of Illinois as one of the technology capitals of the US.

Many states and regional governments have also recently started to focus on the development of innovative methods to use renewable sources of energy to power both households and commercial properties. As such, the usage of solar power to support one of the most energy-demanding businesses in the world would be beneficial for Illinois.

Stephens emphasized local authorities are not concerned about the risky aspect of the mining business because either way, it will ultimately be a win for the state of Illinois. Two possible outcomes could emerge; the project could succeed and demonstrate the possibility of using solar power in an energy-demanding venture or the project could fail and would make the property even more marketable than before.

The mayor concluded:

“From my perspective, we’re going to have someone who will occupy a previously derelict property, and whatever development comes out of it will just make it more marketable if the project is not successful.”

The post William Shatner’s Ambitious Plan to Operate a Bitcoin Mining Center Powered by Solar Energy appeared first on BTCMANAGER.


Source: BTCManager.com
Original Post: William Shatner’s Ambitious Plan to Operate a Bitcoin Mining Center Powered by Solar Energy

Ledger Nano X - The secure hardware wallet

Recente berichten

  • Ex-TON Foundation exec launches crypto investment app on Telegram
  • Vietnam legalizes crypto under new digital technology law
  • Trump discloses $57M crypto windfall from World Liberty Financial
  • Polkadot community split on selling 500K DOT for Bitcoin reserve
  • Jack Ma’s Ant International eyes stablecoin licenses in Singapore, Hong Kong

Categorieën

  • Altcoin Buzz
  • Altcoin Buzz News
  • AMBcrypto
  • Bitcoin.com
  • Bitcoinist
  • BTC Manager
  • CCN
  • Coin Mastery
  • Coindesk
  • Coinpower News
  • Cointelegraph
  • CryproSlate
  • Crypto Daily
  • Crypto News (.net)
  • Cryptocoin News
  • Cryptocurrency News
  • CryptoDaily.co.uk
  • CryptoPotato
  • CryptosRUs
  • Daily HODL
  • DataDash
  • Ethereum Worldnews
  • Exchanges
  • ICO's
  • Invest in Blockchain
  • Market Analysis
  • News
  • News BTC
  • Newsbit
  • Portfolio
  • Pricecheck
  • Ready Set Crypto
  • The Modern Investor
  • ToshiTimes
  • Use The Bitcoin

Archieven

  • juni 2025
  • mei 2025
  • april 2025
  • maart 2025
  • februari 2025
  • januari 2025
  • december 2024
  • november 2024
  • oktober 2024
  • september 2024
  • augustus 2024
  • juli 2024
  • juni 2024
  • mei 2024
  • april 2024
  • maart 2024
  • februari 2024
  • januari 2024
  • december 2023
  • november 2023
  • oktober 2023
  • september 2023
  • augustus 2023
  • juli 2023
  • juni 2023
  • mei 2023
  • april 2023
  • maart 2023
  • februari 2023
  • januari 2023
  • december 2022
  • november 2022
  • oktober 2022
  • september 2022
  • augustus 2022
  • juli 2022
  • juni 2022
  • mei 2022
  • april 2022
  • maart 2022
  • februari 2022
  • januari 2022
  • december 2021
  • november 2021
  • oktober 2021
  • september 2021
  • augustus 2021
  • juli 2021
  • juni 2021
  • mei 2021
  • april 2021
  • maart 2021
  • februari 2021
  • januari 2021
  • december 2020
  • november 2020
  • oktober 2020
  • september 2020
  • augustus 2020
  • juli 2020
  • juni 2020
  • mei 2020
  • april 2020
  • maart 2020
  • februari 2020
  • januari 2020
  • december 2019
  • november 2019
  • oktober 2019
  • september 2019
  • augustus 2019
  • juli 2019
  • juni 2019
  • mei 2019
  • april 2019
  • maart 2019
  • februari 2019
  • januari 2019
  • december 2018
  • november 2018
  • oktober 2018
  • september 2018
  • augustus 2018
  • juli 2018
  • juni 2018
  • mei 2018
  • april 2018
  • maart 2018
  • februari 2018
  • januari 2018
  • december 2017
  • november 2017
  • oktober 2017
  • september 2017
  • maart 2017
  • juni 2016
  • juli 2014
  • september 2013
  • augustus 2013
©J Blockchain News Feed | Ontwerp: Krant WordPress thema