- 04/08/2020
We brought together 22 speakers at this Summit -- starting with foundational education of mining and transitioning to more in-depth topics like what it takes to build a profitable mining farm, how mining hardware is designed, and pool vulnerabilities.
One hotly debated topic was a prevalent theme throughout the day: is bitcoin mining energy consumption bad for the environment? Kevin Vora of FCAT gave an overview of where energy comes from and explains that “mining is one way to balance the electric grid.” Steve Barbour, President of Upstream Data Inc., talked about how “producers can put wasted energy and equipment to work by mining Bitcoin…oilfield waste and bitcoin mining are a match made in heaven!” John Belizaire, CEO of Soluna, a company building a large wind-power generating farm in Morocco, said “miners are constantly searching for cheaper energy, and this is why they will be a catalyst for renewable power development in the near future.”