Riot Blockchain a Bitcoin mining company is coming up with a technique called cooling immersion which would be able to make Bitcoin more greener and sustainable. Experts expects to see the final results by 2030.
Cooling immersion technology could help transition to zero-emission bitcoin mining, BMC Bitcoin Board member Hass McCook said. McCook, known online as Friar Hass, believes the industry is on track to meet its 2030 goals. In immersion cooling, ASICs for mining bitcoins are immersed in a special cooler that absorbs and recycles heat from the data center. This bitcoin mining method increases productivity.
Earlier this month, bitcoin mining company Riot Blockchain announced that it would develop a 200-megawatt bitcoin mining infrastructure by immersing itself in its Whinstone facility. Based on preliminary results from the immersion cooling test, the company expects hashrate to increase by 25% and ASIC performance to 50%.
Brian Römele, co-host of the podcast "Around the Coin", posted a photo of the submerged Bitcoin mining platform on Twitter on October 29, claiming that "by immersing Bitcoin miners in liquid, heat and noise are reduced by 95% and we can recover". up to 40% of the heat and converting it into electricity”. "Bitcoin will be 100% green by 2024," he added, "no other system is greener."
While McCook agrees that Bitcoin could be carbon neutral, he is less optimistic about the timeframe. "I believe there will be zero emissions by 2030, but I think 2024 is a bit ambitious," he said. "And I think immersion cooling technology can be part of the movement towards green." "So, in terms of sustainability, you get shelf life and you don't have to produce that much," he added.
Submersible sewage pumps can reduce equipment replacement and the amount of energy required to cool equipment when excavating BTC. While this reduces the environmental impact of mining, it makes it attractive to miners, McCook said. "The transition to green Bitcoin mining is not for environmental reasons. The goal is to lower the cost base of miners to increase their profits."
He added that the main game is about whether miners use sustainable energy sources. "The harsh reality is when you plug your device into the wall, you get everything on the other side of that connector," McCook said. “Really, for Bitcoin to be truly emission-free, the core network must be emission-free. Bitcoin is approaching a sustainable future. According to the latest findings from the Bitcoin Mining Council, North American members surveyed currently use electricity with a sustainable energy mix of 65.9%.
Based on the data, it is estimated that the sustainable electricity mix in the global mining industry will grow to around 57.7% in the third quarter of 2021, 3% higher than in the second quarter of 2021, making it one of the most sustainable industries. in the world," wrote BMC.
Michael Sailor, CEO of Microstrategy, said, “We have seen dramatic improvements in energy efficiency and sustainability of Bitcoin mining this quarter due to advances in semiconductor technology, the rapid expansion of mining in North America, the exit of China and the global rotation for the better. sustainable Visible energy and modernity,”