The Blockchain and application development company Core Scientific announced that it has begun releasing daily reports of its self-mined bitcoin production every day on its website at 12 p.m. EST.
Core Scientific is the world’s largest publicly traded bitcoin mining company. And, it is the first such company to report the amount of bitcoin it mines on a daily basis according to its Co-Founder, Darin Feinstein.
“I have been mining Bitcoin for over a decade, during which time the most commonly asked question has been, ‘how much Bitcoin does your company mine on a daily basis?’”, he said.
Mike Levitt, CEO of Core Scientific said, “We believe that the daily Bitcoin production metric is one of the most important performance measures in our industry. Sharing daily production provides transparency to our shareholders and other stakeholders.”
Usually, such listed bitcoin mining companies report monthly figures such as the total or the daily average of bitcoin mined.
Core Scientific has established itself as an intellectual giant in the mining industry by providing a wide range of research and development over the years. According to reports, half of its power consumption is generated from non-carbon emitting sources as of September 30, 2021.
The Bitcoin network is responsible for about 114 million tons of carbon dioxide per year which is a big deal, now more than ever with the growing awareness of the “Green Initiative”.
For the same reason, bitcoin mining company Marathon Digital Holdings intends to become 100% carbon-neutral by the end of 2022. For this, it has been planning to relocate its coal-powered Hardin, Montana facility to a location that uses non-carbon emitting energy sources.
The adoption of energy-efficient chips can bridge the gap between sustainable energy and bitcoin mining. Intel innovated its new second-gen ‘Bonanza Mine’ ASIC chips (BMZ2) which will be able to operate in high-performance and power-saving modes.
