• Immersive cooling technology could help Bitcoin mining become environmentally friendly by 2030

  • Immersive cooling technology may aid in the transition to zero-emission vehicles. Mining for bitcoins Hass McCook, a Bitcoin Mining Council (BMC) member, told ULTCOIN365.

    McCook, also known as Friar Hass on the internet, believes the industry is on track to meet the target by 2030.

    Immersive cooling entails immersing Bitcoin mining ASICs in a specialized cooling fluid that absorbs and recycles data center heat. This Bitcoin mining method boosts productivity.

    Riot Blockchain, a Bitcoin mining company, announced earlier this month that it will build 200 megawatts of immersion-cooled Bitcoin mining infrastructure at its Whinstone Facility. Based on preliminary immersion-cooling test results, the company expects hash rate to increase by 25% and ASIC performance to increase by up to 50%.

    On October 29, Brian Roemmele, co-host of the Around the Coin podcast, tweeted a photo of a Bitcoin mining rig submerged in liquid, claiming that “by submerging Bitcoin Miners in liquid, heat and noise is reduced by 95 percent, and we can recapture up to 40 percent of the heat and convert this to power.”

    “By 2024, Bitcoin will be 100 percent green,” he added, “and no other system will be more green.”

    Although McCook believes Bitcoin can become carbon neutral, he is less optimistic about the timeline.

    “I believe it will be zero emissions by 2030, but I think 2024 is a bit ambitious,” he said. “I also believe that immersive cooling technology will play a role in the transition to green.”

    “So, in terms of sustainability, you get durability, and you don’t have to manufacture as many of these things,” he continued.

    Immersive cooling can reduce the need for equipment replacement as well as the amount of energy required to cool mining rigs while mining BTC. While this reduces the environmental impact of mining, it also makes it more appealing to miners, according to McCook.

    “The switch to green Bitcoin mining will not be motivated by environmental concerns. It will be to reduce miners’ cost basis in order to increase their profits.”

    He went on to say that the main game was whether miners used sustainable energy sources.

    “The harsh reality is that when you plug your equipment into the wall, you get whatever is on the other side of that plug,” McCook explained.

    “In order for Bitcoin to truly become zero-emission, the underlying grid must also be zero-emission.”

    Forgot to mention the 50-90% overclock that effectively cuts your CAPEX in halfSpend $50m on rigs, and $10m on immersion infra, and you have effectively have $80m worth of rigs. No brainer (except for the brainless)The future is immersed https://t.co/qpt4Dwq0KK— Friar Hass (@FriarHass) October 28, 2021

    Bitcoin is getting closer to a long-term future. According to recent Bitcoin Mining Council findings, the North American members polled are currently using electricity with a 65.9 percent sustainable power mix.

    According to the BMC, “based on this data, it is estimated that the global mining industry’s sustainable electricity mix increased to approximately 57.7 percent during Q3 2021, up 3 percent from Q2 2021, making it one of the most sustainable industries globally.”

    “This quarter we saw dramatic improvements in Bitcoin mining energy efficiency and sustainability due to advances in semiconductor technology, the rapid expansion of North American mining, the China Exodus, and worldwide rotation toward sustainable energy & modern mining techniques,” said Microstrategy CEO Michael Saylor.

    What's your reaction?
    Happy0
    Lol0
    Wow0
    Wtf0
    Sad0
    Angry0
    Rip0