‘Argo Blockchain’ to launch a clean energy Bitcoin mining pool
As Argo partners with the DMG blockchain, it will power the new Bitcoin mining pool with hydroelectric power.
According to Cointelegraph, a cryptocurrency-specialized medium on the 26th, Argo Blockchain, a publicly traded cryptocurrency mining company, announced that it will launch a Bitcoin (BTC) mining pool powered only by clean energy.
Argo created’Terapool’, a bitcoin mining pool with a hash rate, derived from the hydroelectric power plants of both companies, along with the eco-friendly mining company DMG Blockchain, which has signed a partnership.
Argo Blockchain PLC is a British mining company that has installed three operating facilities in Canada to mine bitcoins and has a privacy coin Zcash (ZEC). The company recently bought 320 acres of land in Texas, and plans to use it to expand its mining business with an additional 200 megawatts of electricity extracted from renewable energy.
Argo’s CEO Peter Wall said making bitcoin more eco-friendly is a major priority, and urged other bitcoin miners to follow it. Creating the first’green’ bitcoin mining site in partnership is an important step in protecting our planet from the present generation to generations.”
He added, “We hope that other companies in the bitcoin mining industry will take our lead and show a broader climate awareness.”
Bitcoin’s energy use last month increased in line with Chile’s annual consumption, a fact that Bitcoin pessimists are focusing on.
“The focus on eco-friendly bitcoin mining will be an opportunity to make a difference in how the bitcoin mining community should behave towards a climate-conscious future. DMG President Dan Reitzick said, “DMG “It is the key to the development of our industry that the company is continuing to strive for clean energy-based capital deployment.”