The bitcoin mining community experienced a 50% increase in revenue in the first month of 2023 through mining rewards and transaction fees.

The drop in bitcoin mining revenue in December 2022, coupled with a rise in energy prices, had put financial pressure on mining companies, forcing some to close. As more miners join the network, the hash rate keeps hitting new all-time highs.

One of the biggest criticisms of bitcoin is its high energy consumption. However, an initiative called Gridless is using green energy to power bitcoin mining facilities. The project uses river-based hydropower in Malawi and has a low environmental footprint.

In conclusion, despite the criticism of power consumption, the bitcoin mining industry is experiencing an increase in revenue and is expected to continue to improve in the future.

K. Tovar

Source: Cointelegraph

(Reference image source: Kanchanara, Unsplash)

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La entrada Bitcoin miners begin to show significant increases apareció primero en Bitfinance.

RWE, the German company in the energy sector, will invest during 2022 more than 5,000 million euros, equivalent to 5,100 million dollars, to increase its green energy projects, which represents 30 percent more than initially planned for this year.

According to what was announced by the second energy producer in Germany, the portfolio of green generation projects contains “offshore and onshore wind energy, solar energy, batteries and hydrogen economy”.

The chairman of the board of directors, Markus Krebber, highlighted that during the first half of the year “20 percent more electricity was generated from renewable energies than in the same period of the previous year”.

According to Krebber the “expansion of our green portfolio, which is 30 percent more than originally planned. All of this is urgently needed to make the energy supply more independent and climate-neutral.”

RWE includes as its main business the generation of electricity from alternative sources and natural gas, and is also responsible, together with its subsidiaries, for distributing electricity, gas and water to Europe and North America.

Increased benefits

Krebber also reported that during the first half of the year the company obtained a net profit of “2,083 million euros”, which is equivalent to 45.5 percent more than in the same period of 2021.

Until the month of June, the company registered a total income of “16,188 million euros, 91.6 percent more, while the adjusted gross operating result (Ebitda) increased by 63.2 percent, to 2,858 million”.

The chairman of the company’s board of directors stated: our earnings have increased significantly, and the benefits will benefit the energy transition.

M. Rodríguez

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Source: larepublica.ec

La entrada RWE invests 5 billion euros in green energy in 2022 apareció primero en Bitfinance.

Germany on Tuesday joined a declaration to stop financing fossil fuel projects abroad by the end of 2022.

The Secretary of State for the Environment, Jochen Flasbarth, and a representative of the British presidency of the World Climate Conference (COP26) signed the corresponding document in Glasgow.

The alliance, which 28 countries joined, stipulates that the signatories will stop investing state funds in fossil fuel projects outside their territories by the end of 2022.

There are exceptions in “clearly defined circumstances that are consistent with the 1.5 degree target and the Paris Agreement,” the statement said.

Flasbarth, who co-leads the German delegation, said that these exemptions apply to projects that in the future generate energy based on green hydrogen. He added that this was also the reason why he was initially hesitant to join the deal.

He recalled that Germany withdrew long ago from financing coal projects abroad, which facilitates the achievement of the objective established in the declaration. The Secretary of State for the Environment explained that, to some extent, support for gas projects is still necessary, especially for countries that want to make the transition from coal to renewable energy.

Source: dpa

La entrada Germany will stop financing fossil fuels projects abroad apareció primero en Bitfinance.