$0.00
March 27, 2025
A crypto mine’s plans to shift from natural gas to nuclear power has opened fresh concerns from locals about cryptocurrency’s pollution footprint in an upstate New York community — and ultimately led to the adoption of a nuclear-free zone and restrictions on energy development.
North Tonawanda, a city of about 30,000 located between Buffalo and Niagara Falls, is home to a crypto mining facility run by DigiPower X, previously known as Digihost. Since opening in 2022, the facility has been a source of complaints from citizens about noise as well as air pollution, as Buffalo’s WGRZ detailed.
In February, residents gathered for an information session and then a public hearing. These meetings followed the December announcement of plans for Digihost to develop power sources with NANO Nuclear Energy, a company known for its nuclear microreactors. Digihost had begun exploring switching the energy source for its crypto facility to nuclear by 2031, per WGRZ.
In response to concerns, city officials proposed a new law that would block the development of nuclear reactors within city limits. The law would also restrict the construction and operation of other energy sources — including wind, hydroelectricity, natural gas, and coal.
A vote on the law was pushed back in February and passed in March, WGRZ reported.
The debate over this crypto mine’s power connects to broader discussions about the energy-intensive nature of mining, cryptocurrency’s pollution footprint, and whether nuclear energy is a viable option to power the industry without releasing carbon pollution.
Conventional crypto mining requires a large amount of electricity. When that electricity comes from highly polluting, dirty energy sources — such as gas-fired or coal-fired power plants — cryptocurrency’s pollution footprint is correspondingly big.
According to the U.S. Energy Information Administration, a crypto-mining facility uses lots of electricity because of the computing power needed to confirm transactions and create new currency — and the energy to cool equipment. As Investopedia detailed, not all cryptocurrencies use the same energy-intensive mining system, though the most prominent one, Bitcoin, does.
It’s important to note that exact details about crypto energy use have been hard to pin down. And many crypto operations have increased the portion of their electricity coming from cleaner energy sources — including nuclear. Nuclear energy is essentially free of carbon pollution, but it comes with its own concerns about radioactive waste and historical disasters.
Crypto proponents and researchers have noted that mining can encourage the development of renewable sources such as solar projects. However, by many accounts, crypto mining remains an energy-intensive process that can have a large carbon footprint — and can consume significant quantities of water and create noise pollution, as well.
TCD Picks » Upway Spotlight
💡Upway makes it easy to find discounts of up to 60% on premium e-bike brands
The pollution associated with crypto mining has implications at the community level — such as in North Tonawanda — and on a larger scale due to the possible impacts of air pollution on human health risks and Earth’s rising temperature.
Crypto has the potential to help communities economically and to encourage local renewable energy development. It can also cause communities headaches in dealing with pollution effects.
“The world’s transition to a digital economy, facilitated by major technological breakthroughs, has several benefits,” said a 2023 UN-led report on the impacts of Bitcoin mining. “But as the demand for exchanging and investing in digital currencies is rapidly growing, the world must pay careful attention to the hidden and overlooked environmental impacts of this growth.”
What about cryptocurrency’s pollution footprint in North Tonawanda?
In its reporting on the crypto site in North Tonawanda, WGRZ cited concerns from citizens and the city about noise and carbon pollution, as well as fears about proposed nuclear solutions.
“I’m worried about the air that I’m breathing with the emissions that they’re pumping into the air, and now what this nuclear thing can do,” city resident Mark Polito told the outlet.
For its part, the crypto company’s CEO Michel Amar said, “The opportunity to collaborate with NANO Nuclear represents a bold move toward achieving our sustainability goals.”
On March 18, the city voted in favor of the new law, raising questions about DigiPower X’s next steps.
“What we’re going to be doing moving forward … we’re going to be looking at our zoning codes and how we may or may not adapt language that would allow them in some manner,” Austin J. Tylec, the city’s mayor, told WGRZ. “But for now, we have hit the brakes on nuclear energy.
Join our free newsletter for good news and useful tips, and don’t miss this cool list of easy ways to help yourself while helping the planet.
Source link
March 27, 2025
Comments Off on Cango Reports 400% Revenue Surge as Top-3 Global Bitcoin Miner
Fourth Quarter & Full Year 2024 Financial Performance
The Company achieved total revenues of
For the full year, Cango reported total revenues of
Bitcoin Mining Operational Highlights
Cango deployed 32 exahashes per second (EH/s) of Bitcoin mining capacity in Q4 2024, securing its position as the third-largest publicly traded miner globally. During the quarter, the Company mined 933.8 Bitcoin, achieving an industry-leading efficiency of 17.81 BTC per EH/s. Operational costs were optimized, with an average fleet efficiency of 21.6 joules per terahash (J/TH) and a cash cost of
Cango’s mining operations span five countries, including
Looking ahead, the Company plans to expand its hashrate to 50 EH/s by the end of July 2025 through the completion of its second-phase asset acquisition. Cango aims to further reduce energy costs by leveraging favorable regulatory developments in traditional energy markets and exploring partnerships for sustainable power solutions. Additionally, Cango is committed to enhancing its presence in the digital asset ecosystem while maintaining a disciplined approach to managing its Bitcoin holdings.
Media Contact
Juliet Ye
Cango Inc.
Tel: +86 21 3183 5088 ext.5581
Email: ir@cangoonline.com
View original content:https://www.prnewswire.com/news-releases/cango-inc-presents-key-highlights-of-its-filed-annual-report-302413093.html
SOURCE Cango Inc.
March 26, 2025
Comments Off on 3 Best Cloud (Crypto) Mining Sites to Watch in 2025
Entering the cryptocurrency world can be both exciting and intimidating, especially when it comes to cloud mining. The allure of earning passive income is undeniable, but navigating this space requires careful planning and research to avoid common pitfalls. Choosing the right cloud mining platform isn’t just about potential profits—it’s about ensuring legality, security, and sustainability.
In this blog post, we’ll explore three of the most reliable and legally compliant cloud mining platforms for 2025: Zaminer, ECOS, and Binance. We’ll also provide a detailed comparison of their features to help you make an informed decision.
Platform Overview:
| Platform | Key Features | Ease of Use | Overall Rating |
| Zaminer | Real-time mining stats, excellent price-performance ratio, intuitive dashboard, free Bitcoin plan | Very Easy | ★★★★★ |
| ECOS | Cloud mining and trading options, integrated wallet, neat interface with slight clutter | Easy | ★★★★☆ |
| Binance | Wide range of mining contracts and features for earning & storing cryptocurrencies | Moderate | ★★★★☆ |
Top 3 Cloud Mining Platforms in 2025
1. Zaminer
Zaminer has emerged as a leading cloud mining platform in the US and UK, thanks to its user-friendly design, robust security measures, and attractive free mining options. With a $100 bonus for new users upon registration, Zaminer caters to both beginners and experienced miners alike.
Key Features:
– Eco-Friendly Operations: Zaminer emphasizes sustainability in its mining processes.
– Intuitive Interface: The platform is easy to navigate, even for first-time users.
– Daily Rewards: Users receive consistent daily payouts.
– Advanced Security: Strong measures protect user data and investments.
– 24/7 Support: A dedicated team is available to assist users around the clock.
– Automated Earnings: Passive income is generated effortlessly through automated systems.
– Cutting-Edge Hardware: Efficient mining with state-of-the-art technology ensures high performance.
2. ECOS
ECOS is a versatile platform that offers tailored contracts for a variety of investment strategies. It also features a mobile app for tracking mining performance and supports multiple cryptocurrencies for portfolio diversification.
Key Features:
– Energy Efficiency: ECOS uses environmentally friendly operations to reduce energy consumption.
– User-Friendly Interface: The platform is designed for ease of use, though some may find the interface slightly cluttered.
– Extensive Analytics: Users can access detailed analytics to optimize their mining strategies.
– Mobile App: Conveniently monitor your mining progress on the go.
Drawbacks:
– The profit calculator can be misleading at times.
– Primarily supports Bitcoin mining, limiting diversification opportunities.
3. Binance
Binance, one of the world’s largest cryptocurrency exchanges, also offers cloud mining services via Binance Pool. With its extensive ecosystem of crypto services, Binance is a solid choice for those looking to mine popular cryptocurrencies like Bitcoin and Ethereum without investing in costly hardware.
Key Features:
– Beginner-Friendly Interface: The platform is designed to accommodate users with varying levels of experience.
– Wide Range of Services: From mining to storing cryptocurrencies, Binance offers a comprehensive suite of tools.
– No Hardware Required: Users can start mining without purchasing expensive equipment.
– Free Mining Plan: A great option for newcomers looking to test the waters.
Drawbacks:
– Limited control over the mining process compared to other platforms.
Why Zaminer is the Top Choice for Cloud Mining in 2025
Zaminer has quickly risen to prominence as a top-tier cloud mining platform due to its innovative technology, user-centric features, and commitment to transparency. Here’s what sets Zaminer apart:
Transparency and Reliability
Competitive Pricing and Flexible Plans
Understanding the diverse needs of its users, Zaminer offers a range of pricing options and customizable contracts. Whether you’re a beginner or a seasoned investor, the platform’s flexibility makes it accessible to all.
Cutting-Edge Technology
Zaminer stays ahead of the curve with its optimized operations and advanced hardware, maximizing returns while minimizing costs. This ensures users achieve superior performance in an increasingly competitive market.
Exceptional Customer Support
The platform’s dedicated support team is available 24/7 to address any questions or concerns, fostering a sense of community among its users.
Final Thoughts
Selecting the right cloud mining platform is crucial for anyone venturing into cryptocurrency investments. While the promise of passive income through cloud mining is appealing, it’s essential to approach it with caution and due diligence. Platforms like Zaminer, ECOS, and Binance offer unique features and benefits that cater to different types of investors.
Whether you’re a seasoned crypto enthusiast or just starting out, staying informed will help you make smarter and more secure investments in cloud mining. Remember: knowledge is your most valuable asset in this ever-evolving industry!
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
March 26, 2025
Comments Off on Crusoe Energy sells Bitcoin mining arm to NYDIG, turns focus to AI
[ad_1]
United States-based Bitcoin miner Crusoe Energy is wrapping up its Bitcoin mining business as it plans to shift focus towards the artificial intelligence sector.
According to a recent press release, Crusoe will sell 425 of its modular data centers— spanning sites across Colorado, North Dakota, Montana, Wyoming, New Mexico, Utah, Texas, and Argentina — with a combined 270 megawatts of power generation capacity, to the New York Digital Investment Group.
The deal also includes its Digital Flare Mitigation business, and around 135 employees will transition to NYDIG.
“Our innovative approach to energy utilized for mining is uniquely complementary to NYDIG’s bitcoin custody, institutional trading and mining businesses, creating a consolidated business that is more valuable than the sum of its parts,” Chase Lochmiller, CEO and co-founder of Crusoe, said regarding the acquisition.
NYDIG, which already has a strong presence in Bitcoin custody, trading, and mining, plans to continue operating and investing in the newly acquired business. In a separate announcement, the firm said the move will help support Bitcoin’s proof-of-work mechanism and contribute to the network’s long-term security.
Founded in 2018, Crusoe Energy was among the first U.S. Bitcoin mining firms to harness wasted natural gas to fuel the high-performance computing needed for both crypto mining and AI workloads.
Now, the company says it’s ready to shift gears and focus on scaling its AI infrastructure.
“We will continue to channel the same energy-first mentality towards scaling AI infrastructure and accelerating the adoption and proliferation of AI in our everyday lives,” Lochmiller added.
Signs of a transition to AI had already emerged in 2024, when Crusoe announced a multibillion-dollar deal with energy tech firm Lancium to build a 200-megawatt AI data center in Abilene, Texas.
Touted as the “first phase” of a larger expansion, the facility was set to tap into up to 1.2 gigawatts of clean power and support GPU clusters designed for AI training and inference at scale.
At the time, Lochmiller called the project a unique opportunity to “sustainably power the future of AI.” Although a specific launch date wasn’t confirmed, the facility was expected to go live in 2025.
Crusoe’s transition to AI comes at a time when the U.S. government is also turning its attention to the sector. Since returning to office in 2025, President Donald Trump has signed an executive order aimed at encouraging American leadership in artificial intelligence.
[ad_2]
Source link
