Bitcoin

Polygon

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/deutsche-telekom-and-bankhaus-metzler-launch-mining-initiative" data-wpel-link="internal" rel="noopener noreferrer nofollow">Deutsche Telekom and Bankhaus Metzler Launch Mining Initiative</a><br></p>
<p style="text-align: justify">Deutsche Telekom’s subsidiary MMS has partnered with Bankhaus Metzler to kick off a pilot project aimed at harnessing surplus energy for <a href="https://en.bitcoinhaber.net/expert-warns-of-potential-bitcoin-correction" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> (<a href="https://en.bitcoinhaber.net/bitcoin-takes-a-dive-understanding-the-recent-price-drop" data-wpel-link="internal" rel="noopener noreferrer nofollow">BTC</a>) mining. This innovative initiative focuses on utilizing renewable energy to power the mining process, marking a significant step in the intersection of cryptocurrency and sustainable energy solutions.</p>
<h2 id="what-is-the-bitcoin-mining-project-about">What Is the Bitcoin Mining Project About?</h2>
<p style="text-align: justify">The project, in collaboration with RIVA Engineering GmbH, intends to test energy regulation strategies that have proven effective in the U.S. and Finland, adapting them for application in Germany. By leveraging excess renewable energy, the initiative strives to respond effectively to fluctuations within the energy grid.</p>
<h2 id="how-will-this-project-affect-energy-regulation">How Will This Project Affect Energy Regulation?</h2>
<p style="text-align: justify">According to Oliver Nyderle from Deutsche Telekom MMS, the pilot aims to assess its influence on energy regulation. Hendrik König from Bankhaus Metzler emphasized the burgeoning relevance of blockchain technology in diverse operational areas, aiming to promote its advancement in Germany.</p>
<ul>
 <li>Utilizes excess renewable energy for Bitcoin mining.</li>
 <li>Integrates energy regulation practices from other countries.</li>
 <li>Promotes sustainability in energy consumption.</li>
</ul>
<p style="text-align: justify">Deutsche Telekom is also working as a validator on the <a href="https://en.bitcoinhaber.net/bitcoin-surges-and-retreats-as-matic-coin-shows-resilience-and-potential-for-growth" data-wpel-link="internal" rel="noopener noreferrer nofollow">Polygon</a> network, furthering its commitment to enhancing energy efficiency. Projects like this not only foster digital transformation in the energy sector but also advocate for sustainable practices, offering both ecological and economic advantages.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/deutsche-telekom-and-bankhaus-metzler-launch-mining-initiative" data-wpel-link="internal" rel="noopener noreferrer nofollow">Deutsche Telekom and Bankhaus Metzler Launch Mining Initiative</a></h5>

Deutsche Telekom and Bankhaus Metzler Launch Mining Initiative

Table of Contents

BH NEWS

Other articles published on Nov 5, 2024

Bitcoin Prices Surge Before Election: Predictions for Future Gains

Investors Should Keep an Eye on These Three Altcoins Poised for Growth This Week

Ethereum’s Future: Analysts Predict Potential $10K Rally or Sharp Decline to $1,551

Bahrain’s First Regulated Bank SGB Unveils Comprehensive Crypto-Compatible Services

Emerson’s $1.48 EPS Beats Expectations in Q4 FY 2025, $4.62B in Revenue

Crypto News Today: Michigan Pension Fund Buys Bitcoin and Ethereum ETFs

Join our free newsletter for daily crypto updates!