Electrical power consumption reduction in the bitcoin mining process using phase change material
Journal Title: Future Energy - Year 2022, Vol 1, Issue 1
Abstract
In this paper, the idea of applying phase change materials (PCMs) as a method of energy use reduction in bitcoin mining will be investigated. The possible applications discussed include the implementation of PCMs in the mining equipment itself, the integration of PCMs into the mining warehouse envelope, and the use of PCMs in air conditioning systems. These applications aim to decrease energy requirements for warehouse climate control systems by decreasing their cooling load, and by increasing the efficiency of the miners by keeping them at a cooler operating temperature. This reduction in energy usage will help reduce bitcoin’s carbon footprint produced by fossil fuels electricity production.
Authors and Affiliations
Jacob Geels
Keywords
Related Articles
- EP ID EP709833
- DOI 10.55670/fpll.fuen.1.1.10
- Views 115
- Downloads 0
Greenhouse Gas Emission of Animal-Based and Plant-Based Products in Iran
These days, one of the major threats in the world is climate change. It is already proven by a large number of strong evidences that human activities are responsible for this sudden changes. It is expected that in future...
A comprehensive review of the environmental impacts of hydropower projects in Sarawak, Malaysia
Sarawak is a state in Malaysia that has many potential sites for hydropower dams as Sarawak houses many hilly areas which are yet to be developed. As a result, many hydropower dams were proposed in Sarawak. This paper re...
Photodecomposition of water\ethanol mixtures for the production of hydrogen using as catalysts TiO2 fibers
The consumption of hydrogen as an automotive fuel has been growing since the 1980s. It can be used both as a gasoline blend and as a pure fuel. All human activities involve the use of energy. Some examples are: fuels for...
Impact Of Covid-19 on renewable energy sector and lessons learned: A case study on Malaysia
Coronavirus Disease 2019 (COVID-19) has been destructive in various sectors of Malaysia. In the renewable energy sector, Malaysia thrives in harvesting solar energy, biomass energy, and hydro energy, but despite years of...
Theoretical analysis of the performance and optimization of indirect flat evaporative coolers
External-cooling indirect evaporative coolers with different configurations and working air sources are incomprehensively analyzed and compared so far. This paper investigates the mechanism and theory of operation of ind...