Priming the grid for the energy transition
Compute North Blog
by scribe
1y ago
The conversation around the energy transition from fossil fuels to renewables is not a new one – but it is one we need to begin viewing through a more informed lens. The world’s longstanding reliance on fossil fuels is not only detrimental to the environment but is also a highly volatile practice based on global political tensions. Because of this and various other factors, many have been and continue to actively work toward making the energy transition a reality. But there are several challenges that come into play in doing so, primarily pertaining to the current state of the energy grid and ..read more
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How to win the fight against data center water usage
Compute North Blog
by scribe
1y ago
Environmental concerns are certainly not new to the data center conversation, but up until this point, the majority of the discussion has centered around electricity. After all, energy usage does have a more direct impact on carbon footprint. Due to changing weather patterns across the globe, the curiosity of how climate change may affect water availability has shifted to the forefront of many minds – especially as it pertains to data center site selection and operations. A noticeable upward trend in water usage advocacy has largely been driven by drought and extreme heat throughout western No ..read more
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What are fractionalized NFTs?
Compute North Blog
by scribe
1y ago
NFTs are certainly not new to the world of crypto, having exploded in popularity during 2021 while making their way into countless mainstream conversations. Whether you are closely tied to crypto markets or not, odds are you have at least heard of Bored Ape artwork, NBA Top Shot Moments, or any number of other trending NFT platforms. In August of last year, trade volume reached its peak when $1.07 billion worth of NFTs exchanged hands in a single week. This was not a fluke or an accident. The skyrocketing popularity of NFTs came about for several reasons – most notably the value tied to each d ..read more
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What is the metaverse?
Compute North Blog
by scribe
1y ago
There is a good chance you have heard of the metaverse, but it is much less likely you have a firm understanding of what it is – and you certainly are not alone. Often alluded to as the “future of the internet,” the metaverse in its current form is still mysterious enough that talking about it can make most people feel like they are at a table read for the next season of Black Mirror. This disorienting feeling is not new for some, as we have been down a similar path before. Discussions about the metaverse now are a bit like discussions of the internet in the 1970s and ‘80s. Many building block ..read more
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Inflation Reduction Act Opens New Doors for Growth of Renewables
Compute North Blog
by Kenzie Maynard
1y ago
President Biden signed the Inflation Reduction Act (IRA) into law on Tuesday, marking what some are calling the biggest climate legislation move in American history. It is the first time the U.S. has passed legislation specifically aimed at lowering carbon emissions and will have a sweeping impact across everything from renewable projects and electric vehicles to crypto mining and beyond. Here is a closer look at the environmental implications of the Act and what it could mean for the energy and crypto mining spaces. Historic Environmental Investment Lawmakers have stated that a top goal ..read more
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Four of the Fastest-Growing Cryptocurrencies to Watch in the Second Half of 2022
Compute North Blog
by scribe
1y ago
In 2020 and 2021, cryptocurrency markets were largely marked by significant block reward halvings, an increase in adoption among mainstream investors, and a wave of newcomers to the space – this year has been quite different. It has been a rocky year for cryptocurrency and digital assets, with a prolonged bear market causing much of 2022 to be defined by uncertainty throughout the space. Luckily, prices have begun to rebound in recent weeks. The global market cap of all cryptocurrencies recently reclaimed its $1 trillion dollar milestone, revitalizing interest among many in the topic of which ..read more
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Making sense of the crypto bear market
Compute North Blog
by scribe
1y ago
It may be the summer season, but crypto winter is here. Much of 2022 has been defined by increased volatility and the most prolonged bear market we have seen in years – especially for bitcoin. The most popular form of crypto has seen its price drop from more than USD $68,000 in November 2021 to under USD $21,000 at the time of writing – roughly a 70% drop in just over seven months. The extended decline has been punctuated by some sensationalized panic within crypto circles after events like the implosion of the TerraUSD stablecoin in May and the asset-freezing announcement from the Celsius Net ..read more
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Breaking down the Executive Order to lower energy consumption and emissions from bitcoin mining
Compute North Blog
by scribe
1y ago
The Biden administration is reportedly crafting policies intended to lower energy consumption and emissions from bitcoin mining. According to the White House, if cryptocurrency is going to be part of our financial system in any meaningful way, it must be developed responsibly and must minimize total emissions. To that end, the White House tasked its Office of Science and Technology Policy (OSTP) to put together a report – expected to be released in August – detailing the climate impact and other governing concerns of crypto mining. As the OSTP conducts this examination, it has invited comments ..read more
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Recent Blockchain Innovations: Q1 2022
Compute North Blog
by scribe
1y ago
We have seen a wave of new advancements over the past few months within the blockchain space, as startups and global enterprises alike take steps to utilize and spur adoption of this world-changing technology. Here are four of the more notable blockchain innovations of early-2022, including three intriguing metaverse-related projects and a healthcare solution empowering medical record retrieval for an entire country. Doge Burger Doge Burger – a Dogecoin-inspired virtual restaurant – has launched in Dubai to provide a futuristic take on fast-food dining. Through the metaverse-based restaurant ..read more
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