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Bullboard - Stock Discussion Forum Northland Power Inc (Ontario) T.NPI

Alternate Symbol(s):  NPIFF | T.NPI.PR.A | T.NPI.PR.B | NPICF

Utilities Utilities - Independent Power Producers
Northland Power Inc. is a Canada-based global power producer focused on helping the clean energy transition by producing electricity from clean renewable resources. The Company owns and manages a diversified generation mix, including onshore renewables, natural gas energy, as well as supplying energy through a regulated utility. Its facilities produce electricity from clean-burning natural gas... see more

TSX:NPI - Post Discussion

Northland Power Inc (Ontario) > It's Frday
View:
Post by BayWall on Mar 11, 2022 6:44am

It's Frday

Spring coming in 10 days. Just relaxing with interesting topics. Mining for Bitcoins takes more and more electricity.--

What if Bitcoin could be mined using more sources of renewable energy, like wind, solar or hydropower?

It’s tricky to figure out exactly how much of Bitcoin mining is powered by renewables because of the very nature of Bitcoin: a decentralized currency whose miners are largely anonymous.

Globally, estimates of Bitcoin’s use of renewables range from about 40 percent to almost 75 percent. But in general, experts say, using renewable energy to power Bitcoin mining means it won’t be available to power a home, a factory or an electric car.

Comment by Dibah420 on Mar 11, 2022 10:46am
Whatever the provenance, renewable green or fossil black, it would still be a waste of good energy on what is essentially a glorified ponzi scheme.
Comment by BayWall on Mar 11, 2022 1:03pm
Tentative optimism today in that geo-political arena. Stocks don't know where to go today. Just waiting.   But Northland and others who participated in the Scotland ofshore auction can't be involved with Russia.   Crown Estate Scotland unveils Russia sanction requirements for ScotWind winners | 4C Offshore News
Northland Power Inc (Ontario)
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