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Marathon Digital is in a top gear to partner with Compute North to build a new bitcoin mining facility which will accommodate 73,000 ASIC bitcoin miners in Texas and will be approximately 70% carbon neutral which is environmentally friendly. The total hash rate will grow to 10.37 EH/s, which will cost $0.0453 per kWh, according to Marathon. Since this development, MARA shares went up 5%.

Do you think with this development Elon Musk could reconsider bitcoin as means of Tesla payment?

 

[Niftyicon]

This is a good development and quite impressive. I hope this will bring in more institutional investors and encourage new ones to invest more. I guess Texas is ready to pick up the slack from China.

 

[Wisdom01]

this is a good development ,I think they could grow their base and revenue when they actually accept more mining equipment ,and many other other things , , i love this development coming from the company , it's going to add more boost to cryptocurrency mining tho

 

[Ben Kempton]

this is a good development ,I think they could grow their base and revenue when they actually accept more mining equipment ,and many other other things , , i love this development coming from the company , it's going to add more boost to cryptocurrency mining tho

I wonder how will they make it environmental-friendly since it is a huge facility that will probably contain many ASIC miners and consume a lots of energy. I am not surprised that the share value of the company surged because cryptocurrency mining is quite lucrative and using so many miners would help them at generating so many Bitcoins at that hashrate.

 

[Wisdom01]

I wonder how will they make it environmental-friendly since it is a huge facility that will probably contain many ASIC miners and consume a lots of energy. I am not surprised that the share value of the company surged because cryptocurrency mining is quite lucrative and using so many miners would help them at generating so many Bitcoins at that hashrate.

they said approximately 70 percent carbon neutral energy would be used ,so probably it could still be a little bit friendly for the environment , although I would have love it if full green energy mining is used atleast ,it's better off that way the people living around there would feel safe

 

[Ben Kempton]

they said approximately 70 percent carbon neutral energy would be used ,so probably it could still be a little bit friendly for the environment , although I would have love it if full green energy mining is used atleast ,it's better off that way the people living around there would feel safe

Until or unless they use some sort of innovative technology to mine Bitcoin, I really do not think that they will be able to mine Bitcoin through some "environmental-friendly" strategy. Bitcoin uses a lots of energy to get mined. This is also one of the main reasons why miners prefer to mine coins in countries where electricity is cheapest.

 

[Wisdom01]

Until or unless they use some sort of innovative technology to mine Bitcoin, I really do not think that they will be able to mine Bitcoin through some "environmental-friendly" strategy. Bitcoin uses a lots of energy to get mined. This is also one of the main reasons why miners prefer to mine coins in countries where electricity is cheapest.

solar energy would have been better off , but it seems it doesn't enough power to be able to mine coin effectively , I really hope more ways to mine Bitcoin is created ,rather than the eletricity it's consuming , because of the too much consumption of eletricity ,some countries dont want to support mining