Author: Eliza Gkritsi

Sustainable Bitcoin Protocol and Crypto Miner Crusoe Energy Piloting a Waste Gas Methodology

Eliza Gkritsi

Ensuring that this gas would otherwise be flared, adding onto greenhouse gases, is key to the methodology. SBP wants to “ensure that using this waste gas is not perpetuating the problem,” whilst “recognizing that oil and gas will be used for many years to come,” said Brad van Voorhees, co-founder and CEO of SBP. “When done responsibly, utilizing this waste gas is actually really the ideal sort of energy transition process,” he said. Author: Eliza Gkritsi Source link

Bitcoin Miner Sphere 3D Sues Partner Gryphon Digital

Eliza Gkritsi

The complaint, filed with the Southern District of New York on Friday, alleges Gryphon CEO Rob Chang wired 18 of Sphere 3D’s bitcoin to an address belonging to a fraudster who masqueraded as Sphere 3D’s chief financial officer in January, and another eight bitcoin to the same address a few days later. The lawsuit also alleges Gryphon provided “abhorrent” services to its partner and misrepresented Sphere 3D’s computing power as its own in public disclosures. Author: Eliza Gkritsi Source link

Bitcoin Miner Argo Blockchain Says It’s Close to Restructuring Without Having to Declare Bankruptcy

Eliza Gkritsi

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