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Meet the $5M solar-powered Bitcoin mine

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solar-powered bitcoin mine

Square Inc. will partner with a Blockstream mining to build an open-source solar-powered bitcoin mine in the US

The company announced they will invest $5 million in the facility, which will be a “proof-of-concept for a 100% renewable energy Bitcoin mine at scale.”

Square said it’s “committed to driving further adoption and efficiency of renewables within the Bitcoin ecosystem.”

“We hope to show that a renewable mining facility in the real world is not only possible but also prove empirically that Bitcoin accelerates the world toward a sustainable future.”

Open-source mining technology

The economics of the build will be made open to the public, so that other businesses in the crypto space might follow suit towards going green.

The project will also feature a dashboard open to the public, which will show real-time metrics. This will include information on the project’s performance, including power output and bitcoin mined.

“The dashboard, based on technology developed for the BMN, aims to be available 24/7 from any browser, providing the industry with a real-world, real-time case study of a renewable energy Bitcoin mine,” said Square.

“Ultimately, we hope to demonstrate how Bitcoin mining in conjunction with renewable energy can help drive the clean energy transition.”

Square Inc.

Climate concerns of crypto mining

News of the solar-powered Bitcoin mine comes after Elon Musk recently tweeted that Tesla is going to pull support for Bitcoin over environmental concerns. 

This sent Bitcoin prices tumbling, and also has raised questions about the sustainability of cryptocurrency.  

The Bitcoin mining process requires a significant amount of computing power, which in turn requires large amounts of electricity. This can pose an environmental issue when the miners use fossil fuels.

Crypto mining uses significant amounts of energy

Bitcoin falls amid China regulations

Bitcoin and a number of other cryptocurrencies fell at the weekend. Experts say this China’s increasing sector regulations and concerns over mainstream adoption were behind the plummet.

This comes after China’s social media service Weibo blocked users from viewing a number of crypto-related accounts. The platform says the accounts violated a number of rules and regulations.

Authorities in Beijing have also recently cautioned against the use of digital currencies.

Jonathan Cheesman from crypto exchange FTX says: “uncertainty about China’s crypto regulations are still a headwind.”

Meanwhile, the former US ambassador to the UN, Republican John Bolton, says there needs to be more regulation around the sector.

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Business

Jaguar Land Rover is developing a hydrogen-powered car

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Jaguar Land Rover will develop a new hydrogen-powered prototype of its iconic Defender SUV

The prototype program, known as Project Zeus, is part of JLR’s larger aim to only produce zero-tailpipe emissions vehicles by 2036.

Hydrogen only emits water making it ideal for larger vehicles with longer driving ranges, according to the car-maker.

It follows the company working towards cutting its tail-pipe emissions to zero by 2036.

The venture will be partly funded by the UK Government and will begin testing by the end of this year.

The UK plans to ban car sales that run entirely on combustion engines from 2030.

JLR has also made a commitment to have zero carbon emissions across its supply chain, products, and operations by 2039.

The automaker has also tapped AVL, Delta Motorsport, Marelli Automotive Systems, and the UK Battery Industrialization Center to help develop the prototype.

The testing program is designed to help engineers understand how a hydrogen powertrain can be developed that would meet the performance and capability (like towing and off-roading) standards that Land Rover customers expect.

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Climate

Climate change hot on the G7 agenda

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Climate Problems are forcing us to move

Climate change was hot on the agenda at last week’s G7 Summit in the United Kingdom.

To dissect the latest on the environment, Kristina Haverkamp from the German Energy Agency joined ticker Climate hosts, Holly Stearnes and Scott Hamilton.

Ms Haverkamp said the results from last week’s G7 Summit were “satisfactory”.

“Some say that not enough has been decided but I’ve started to see that as a pavlovian response to what’s been decided at the international level,” she explained.

Ms Haverkamp also said her company, dena, has played a fundamental role in Germany’s renewable future. But there is still a lot of work to do.

“The attitude of the German population is ambivalent. We have 80 to 90 percent support in principle… but at the same time there is strong global resistance that is delaying the necessary expansion of our high voltage transmission grids,” she said.

The G7 leaders – from the United Kingdom, United States, Italy, Germany, France Canada and Japan – have all committed to net zero emissions by 2050. G7 partners also signed a landmark joint agreement at the Summit last week.

President of the European Commission, Ursula von der Leyen tweeted “we will do everything we can to stick to 1.5 [degrees].”

The G7 Summit comes ahead of the COP26, United Nations Climate Change Conference in Glasgow. 

ticker Climate airs Monday 4:15pm AEST, or 2:15am EDT.

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Climate

New GPS tracker tech puts whales on the radar

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Experts say the GPS tracker will pave the way for less-invasive methods of wildlife tracking

Dr Olaf Meynecke from Griffith University’s Coastal and Marine Research Centre (CMRC) shows the new device.

An Australian researcher has developed a world-first GPS technology which will make it easier to track whales in real-time, right from their phone.

Dr Olaf Meynecke from Griffith University’s Coastal and Marine Research Centre (CMRC) led the study. He says the tech could provide important environmental insights. His team will be focusing on coastal and the fine-scale movement of the whales.

“One application will be in resting and breeding areas of species like humpback whales, which use coastal waters and link behaviour to today’s threats such as vessel traffic, water pollution and risk of entanglements,” he told Ticker NEWS.

Advancements in technology

“IT OPENS NEW WAYS OF TRACKING ANIMALS,” MEYNECKE TOLD TICKERNEWS LIVE.

This technology will be a far cheaper option than traditional satellite transmission, and will be able to work on a mobile network. This means the technology is suitable for both short-term and long-term tracking.

“I believe this technology to have a lot of potential as the mobile network is extending and we will undertake further modification to improve the tag design itself. We are planning more deployments along the east coast of Australia and have longer deployments aiming for several days.”

Customised Animal Tracking Solutions

MEYNECKE TELLS TICKERNEWS BRITTANY COLES, WHAT HE HOPES THE TRACKING DEVICE TECHNOLOGY WILL ACHIEVE.

It will monitor migrating humpback whales using a CATS (Customised Animal Tracking Solutions) suction cup tag. The CATs device temporarily attaches to the whale’s skin.

Suction cup tags do not have to penetrate the animals’ skin. Therefore, researchers can use them for short-term and small-scale studies. This GPS technology is usually used in cars and cargo ships.

“These tags are a more cost-effective method and capture more data locations and data points over time. The principle is the same as other suction cup tags. The tag sucks onto the whale’s skin and just falls off. The whales don’t seem to notice them at all,” Dr Meynecke said.  
“wE’RE INTERESTED IN NEAR SHORE WATERS” MEYNECKE TOLD TICKERNEWS LIVE.

The tags are about 20cm long and 10cm wide. They are hydrodynamic for minimal resistance, with water-tight protections.

“Ideally for future studies, we would like to modify the tag so that the antennae is out of the water enough to transmit after the tag comes off the whale,” Dr Meynecke said. 

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