Zondits

Emerging Technology, Markets & Business, Markets & Trends

The Uncertain Future of Cryptocurrency

4 Apr , 2018  

As concern grows over bitcoin’s energy use, what’s next for cryptocurrency? Cryptocurrency mining is driving up power prices in small towns with cheap electricity. Can Bitcoin be made more efficient, or is the future of crypto in another currency? Written by Robert Walton, utilitydive.com, March 28, 2018 David Bowman started mining bitcoin in his apartment […]

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Emerging Technology, Markets & Business, Markets & Trends

Utilities Grapple with a Growing Cryptocurrency Market

29 Mar , 2018  

smart-wires-grid

Written by Allison Donnelly, ERS for Zondits, March 29, 2018 Bitcoin and other cryptocurrencies have seen an unprecedented boom in the last year, going from a speculative, fringe industry often associated with its use in shady industries to a major financial market player. At the same time, cryptocurrency mining – the “minting” of new “coins” […]

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Emerging Technology, Industrial Technology, Process

The Growing Energy Demand of Bitcoin

23 Jan , 2018  

Bitcoin

Ryan Pollin, ERS, for Zondits There are lots of things we can say about Bitcoin, and its underlying blockchain technology. Given the cryptocoin’s recent explosion in value (real or perceived), a commensurate explosion in “mining” has caused startling growth in energy demand in data centers. Bitcoin’s blockchain technology uses a proof-of-work model to establish trust […]

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