Russians Call For Crypto Hour - Turn Off All Mining Equipment For Ecological Awareness

Russians Call For Crypto Hour - Turn Off All Mining Equipment For Ecological Awareness
Russian miners are calling for the intl mining community to take part in Earth Hour by shutting down their mining equipment for one hour next week.

Earth Hour, a grassroots movement within the World Wildlife Fund to turn off all electricity for a single hour once a year as a way to draw attention to energy consumption, will be celebrated by Russian miners this year as well with the creation of “Crypto Hour,” local news outlet Rambler reported March 15.

In order to remind the crypto sphere of the need for more ecologically friendly Blockchain technologies, Russian crypto miners have asked all miners internationally to turn off their mining equipment on March 24, from 20:30 - 21:30 (local time).

The Crypto Hour campaign is led by Peter Dvoryankin, the founder of international investor network CryptoLife and a member of the Russian Duma’s expert council for fintech development. Dvoryankin told Rambler that the goal of the campaign is to create “ecological mining” maps that will show the most ecologically-friendly places for crypto mining due to their proximity to renewable energy sources in areas with the right temperatures.

Dvoryankin added that the campaigns also calls for “the creation of systems to use the heat generated in the process of mining and develop less energy-intensive distributed ledger technologies.”

Rambler notes that the Bitcoin (BTC) network already uses more than 50 terawatt hours of energy a year, adding that if the usage continues at the current rate then BTC mining will use as much electricity as the rest of the world combined by 2020.

It was reported already in February that crypto mining in Iceland will be using more energy than all of the households in the country in 2018.

The Russian site for Earth Hour shows that over 50,000 people have promised online to participate in the hour-long blackout, whose motto is “Vote for Nature,” while Rambler cites the number of Russians planning to participate as over 30 mln. The website also allows participants to vote for protecting natural land reserves, using green energy and recycling, with their votes sent to the future president of Russia.

The problem of what to do with the excess energy made by mining has been solved in an innovative way by one Czech Blockchain startup that plans to use this surplus to heat greenhouses to grow edible crops.

However, one clean energy mining initiative was blocked in Europe after one of Europe’s largest power utility companies refused to sell renewable energy to crypto mining company Envion this February.

18.03.2018 / 06:49 91
Crypto Miners to Turn Off Rigs during Earth Hour Crypto Miners to Turn Off Rigs during
Crypto miners have been invited to join this year’s Earth Hour campaign by turning off some of their hardware between 8:30 and 9:30 pm on March 24.
US: Plattsburgh NY Introduces Temporary Ban On New Crypto Mining Operations US: Plattsburgh NY Introduces Temporary
New York town of Plattsburgh introduces a ban on Bitcoin Mining over increasing energy price concerns. The small US city of Plattsburgh NY has
Fundstrats Tom Lee Reports Bitcoin Mining Now Less Profitable Due To Falling BTC Prices Fundstrats Tom Lee Reports Bitcoin
Tom Lee has pointed out in a recent Fundstrat report that BTC miners are just breaking even due to BTCs relatively low price. A recent report by
Large Mining Farm Discovered in Abandoned Russian Factory Large Mining Farm Discovered in
A large illegal facility for mining bitcoin was discovered by police in the Russian city of Orenburg. The farm has been set up on the premises of an
Bitmain Opens Repair Center in Russia Bitmain Opens Repair Center in Russia
Leading manufacturer of crypto mining equipment Bitmain has opened a service center in Russia. Miners in the country will be able to repair their
Japanese Miners See Solar Energy as ‘Only Way’ to Stay Profitable Japanese Miners See Solar Energy as
Kumamoto-Energy, a local power producer in Japan, has announced that they will use solar energy for mining cryptocurrencies. Japan Looks to Greener
Comments (0)
Add a comment
Comment on