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Solar and wind energy installations could earn hundreds of millions of dollars by mining bitcoin during periods of excess electricity generation, according to a new study. Scientists from Cornell University in the US, who conducted the research, said setting up mining operations could reduce the environmental impact of cryptocurrency, while also providing revenue that could be reinvested in future renewable energy projects. “Profitability of a mining system hinges on periods of steady energy availability since renewable energy sources can vary significantly,” said Fengqi You, a professor of energy systems at Cornell University. “Therefore, it is important to site the mining farm strategically to maximise productivity.” The state with the most potential for setting up profitable crypto mining operations is Texas, according to the study, with 32 planned renewable projects capable of generating combined profits of $47 million. California, Colorado, Illinois, Iowa, Nevada and Virginia all showed potential, though setting up mining rigs presents a large initial cost. One way of incentivising such projects, Cornell doctoral student Apoorv Lal suggested, could be the introduction of new policies that provide economic rewards for mining bitcoin and other cryptocurrencies with clean energy ”These rewards can act as an incentive for miners to adopt clean energy sources, which can lead to combined positive effects on climate change mitigation, improved renewable power capacity, and additional profits during pre-commercial operation of wind and solar farms,” Mr Lal said. “We also recommend policies that encourage cryptocurrency-mining operations to return some of their profits back into infrastructure development. This would help create a self-sustaining cycle for renewable energy expansion.” Bitcoin has drawn criticism from environmentalists for the vast amounts of electricity required to support its network and mint new units of the cryptocurrency, with recent analysis from the University of Cambridge estimating that it uses roughly the same amount of electricity as Poland. The plummeting costs of renewable energy mean bitcoin miners are increasingly turning to solar, wind and hydro sources to power their operations. “In its current status, the infrastructure that supports the Bitcoin protocol cannot be sustained, but the beauty of the protocol is that the incentive structure will force miners to adopt the cheapest form of electricity, which in the near future will be renewable energy,” Don Wyper, COO of DigitalMint, told The Independent last year. The latest study, titled ‘From mining to mitigation: how bitcoin can support renewable energy development and climate action’, was published in the journal ACS Sustainable Chemistry & Engineering. Read More Bitcoin mining rate hits all-time high amid record-breaking prediction for 2024 Nasa has received a signal from 10 million miles away Scientists reveal surprise finding from huge study into internet and mental health Nasa has received a signal from 10 million miles away Scientists reveal surprise finding from huge study into internet and mental health Software firm Cloudsmith announces £8.8m investment

The major film and television studios and striking writers reached a tentative agreement on Sunday after days of marathon negotiating sessions, the Writers Guild of America said Sunday evening, paving a path forward to end the historic work stoppage that has frozen production and paralyzed much of Hollywood.

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Andre Villas-Boas has spoken of the challenge faced by managers due to the increased use of data analysis, recalling it led to “massive, massive arguments” over the potential signing of Joao Moutinho when he was Tottenham head coach. The Portuguese wanted to sign compatriot Moutinho from Porto in the summer of 2012, but the midfielder was only sixth on the list compiled using data and statistical analysis by then sporting director Franco Baldini. Spurs pushed ahead with other targets, including Mousa Dembele, and only returned for Moutinho at the end of the summer transfer window, missing out on his signature by a minute. With more and more clubs using data and artificial intelligence to identify targets, Villas-Boas knows the conundrum that managers will now begin to face. “The most evident case I had when I was at Tottenham and I wanted to sign Joao Moutinho and he was sitting sixth on the list compiled by data people,” he said at Web Summit in Lisbon. “The first on the list was Dembele, we ended up signing him and we almost ended up signing Moutinho as well, but we lost it against the clock on the last day of the transfer window. “But it drained me emotionally to the point where, here was a guy that the data was not showing all that he represented from the coach’s perspective, which is a player that knows your leadership, a player that knows your style, adaptability to your style. “This can be quantified, but it must be done in the view of a coach and not a single view. “This was the problem in the beginning and we mad massive, massive arguments in the beginning because of this with Moutinho. “We signed Dembele but missed out on Moutinho and it was unfortunate because we were going to build up a very strong midfield. “This is precisely where you have to have that balance to understand, what is your coaching philosophy and how it should be integrated into the data that has been provided to you.” I have this objective of serving FC Porto as a president and at the moment it is going to go up for election in April or June 2024 so I always have the idea the present myself. Andre Villas-Boas Villas-Boas has not been in work since leaving Marseille in 2021 and has forged a career as a rally driver while also spending time with his family. The 46-year-old says he expects to remain out of the game until next year, when he could run for election as Porto’s president. “Now is not the right moment to talk about going back,” he told the PA news agency. “At this time I am dedicating my time to my family. “I have managed to find a break where I can dedicate myself to them 100 per cent and this is likely to be until June 2024. They deserve my presence. “I have this objective of serving FC Porto as a president and at the moment it is going to go up for election in April or June 2024, so I always have the idea the present myself.”

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