Data for independent ASIC operators is still fairly splintered in terms of transparency. Compass and Navier are hoping to provide a fix
Think of it as the Carfax of bitcoin mining.
Announced Wednesday, Compass Mining and mining consultancy Navier are rolling out a new tool that lets buyers and sellers verify the advertised hashrate of their specialized bitcoin mining machines.
"Cryptocurrency mining offers promising pathways to accelerate the deployment of clean energy technologies, and Oklo is positioned to respond to commercial demands by offering end-users the convenience of buying clean, reliable, and cost-effective power that they can depend on,” added DeWitte. Oklo’s path to deployment strives to optimise its power plant designs to be cost-competitive with the cheapest forms of energy.
Oklo’s advanced fission reactor can produce power for up to 20 years without the need to refuel and has the capability to turn nuclear waste into clean energy. This commercial project is scalable, and Oklo said it can add additional capacity to accelerate Compass’s sustainable mining efforts further while driving the economics of Bitcoin mining activities powered by advanced fission.
“Compass is thrilled to partner with a cutting-edge team like Oklo. Together we can push the Bitcoin mining industry forward into a new phase of cheap and reliable power from advanced fission. Every bitcoin miner understands the need for cheap, reliable power. Our team and clients are excited to partner with Oklo and redefine the energy landscape for cryptocurrency mining,” said Whit Gibbs, co-founder and CEO of Compass.
Tesla boss and SpaceX CEO, Elon Musk, said that the electric carmaker will resume allowing bitcoin transactions when miners who verify transactions use more renewable energy.
In May, months after saying that electric vehicle company Tesla announced it would accept Bitcoin as a payment for its cars, Musk backtracked, saying that he decided Bitcoin mining wasn’t ‘clean’ and he didn’t want his decision to come at an environmental cost. A month later, in June, Musk has gone back on that comment.
“When there’s confirmation of reasonable clean energy usage by miners with positive future trend, Tesla will resume allowing Bitcoin transactions," he said in a tweet. Bitcoin rose 5.1% to $37,360.63 at 1810 GMT (2:10 p.m. ET) on Sunday, adding $1,817.87 to its previous close, after Musk’s tweet.
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