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- Immersive cooling tech would help bitcoin mining go green by 2030 says Hass McCook
- It could also help in overclocking CPUs at the same time dissipate heat thereby increasing productivity
- Riot blockchain embraces immersive cooling
Going Green
Concerns around the detrimental ways of mining cryptocurrencies have been genuine & alarming. However finding innovative ways and the consolidation of miners & enthusiasts to go green is something worthy of an applause. One such innovation to help miners go green is immersive cooling technology.
Hass McCook, A member of Bitcoin mining Council expressed that immersive cooling tech can help in the auspicious goal of emission free Bitcoin mining by 2030. McCook has also an online presence under the username of Friar Hass.
Michael Saylor, CEO of MicroStrategy also believes that the advances in semiconductor technology, the Exodus from China & expansion of American mining have led to dramatic improvements in energy efficiency & sustainability.
The Immersive cooling technology
Immersive cooling technology is a method of reducing heat by engulfing the Application Specific integrated circuits ( ASIC ) into a specialized liquid coolant, which absorbs and recycles heat from the ASICs thereby increasing productivity.
Apart from that it can also assist in reducing the need to replace machinery and the amount of energy used for cooling ASICs during mining. Apart from environmental benefits, McCook also believes that it could prove cost efficient for miners in the long term.
Earlier in the month, Riot block chain declared that it would be producing 200 MegaWatts of immersion- cooled mining facilities at the Whinstone workspace. Based on the company’s trials it found that there was an increment of 25% in the hash rate and 50% increase in ASICs performance.
Brian Roemmele, the Co-anchor of Around the coin podcast tweeted that how the innovation reduced heat and noise by 95% and recapture 40% of the dissipated heat and convert it into power. He also believes that Bitcoin can be 100% green by 2024. However McCook is little lineanent on the timeline and expects the transition to happen by 2030.
Earlier in may, Tesla halted its service to accept Bitcoin as a means to payment for its products and services, citing concerns over an increase in fossil fuel use, especially coal to mine the coins. However Elon musk, founder and CEO of Tesla did ensure that the company would start accepting Bitcoins once there is enough percentage of clean energy used by miners.
Using such cool methods to mine the currency could be a significant uptick towards rationalising Bitcoin as a means of Exchange, especially in a world that is getting climate conscious & environment friendly by day.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
