💻 MINING & ENERGY

The World Of Tomorrow: Seven Trends In Bitcoin Mining
By Ruda Pellini

The bitcoin mining industry is frequently being criticized by skeptics and uninformed people who mistakenly think that the proof-of-stake protocol is a waste of energy and a threat to the environment. But the truth is that Bitcoin could enable humanity to take the next step in energy production and usage through the capabilities it unlocks.
The way Bitcoin was programmed directly encourages miners to constantly search for a more efficient source of energy. It gets directly reflected in their profits. Bitcoin incentivizes research and innovation into renewable energy production. The author of this article writes about seven revolutionary changes that the Bitcoin mining industry will bring to the energy sector:

☀️ SOLAR ENERGY

Bitcoin Miners Should Take Solar Energy Plus Storage More Seriously
By Ali Chehrehzas

Collecting solar energy and storing it can provide a powerful advantage for the Bitcoin mining industry. This is becoming more and more accessible because hybrid power plants that pair electrical generation (especially solar) with batteries are growing rapidly.
Since its inception, the solar energy sector has had great limitations when it comes to optimally and efficiently distributing the produced energy because of two main problems: Deflation in the value available for solar energy and the ever-increasing competitiveness within the solar industry. But that is about to change with the incorporation of innovative batteries that will allow the industry to make its energy distribution more efficient.
Bitcoin miners have a huge opportunity to tap into one of the most rapidly growing forms of energy generation by figuring out the physics and finance of co-locating with solar and storage power plants.

📰 THE DAILY BITS

Russia To Legalize Use Of Cryptocurrency In International Trade: Report
By Namcios

The Bank of Russia and the country's Ministry of Finance have reconsidered their positions towards cryptocurrency, acknowledging it is necessary to legalize the use of cryptocurrencies in cross-border settlements.
According to the report, the government has agreed that "it is impossible" to continue without enabling cryptocurrency as a legal payment method for international trade.
Vladimir Putin had previously stated his opinion on bitcoin as having value, but nevertheless doubting its usability in the oil trade. It appears his position regarding the asset class has now changed to a more positive note.

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