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"Unlike most governments, Bhutan's BTC does not come from law enforcement asset seizures, but from bitcoin mining operations, which have ramped up dramatically since early 2023," the crypto intelligence firm explained. Crypto intelligence firm Arkham highlighted the Kingdom of Bhutan's bitcoin holdings on social media platform X last week. Bhutan is a small, landlocked kingdom located in the eastern Himalayas, bordered by China to the north and India to the south. The country currently has a population of less than 800,000 people.

We learned last year that Bhutan had been secretly mining bitcoin using its abundant hydroelectric resources since around 2019. The operation, which began when bitcoin was priced at approximately $5,000, aims to harness the country's vast renewable energy reserves to power mining rigs.

Hydroelectricity already accounts for 30% of Bhutan's GDP and powers nearly all of its 800,000 residents. The government claimed last year that mining profits are used to subsidize power and hardware costs. This revelation makes Bhutan one of the few countries globally to run a state-owned bitcoin mine, alongside El Salvador.

At over $800 million in Bitcoin holdings, the reserve accounts for nearly a third of Bhutan's 2022-calculated GDP.

Abstract credit: https://slashdot.org/story/433433

Carbon in the atmosphere is a major driver of climate change. Now researchers from McGill University have designed a new catalyst for converting carbon dioxide (CO2) into methane -- a cleaner source of energy -- using tiny bits of copper called nanoclusters. While the traditional method of producing methane from fossil fuels introduces more CO2 into the atmosphere, the new process, electrocatalysis, does not. "On sunny days you can use solar power, or when it's a windy day you can use that wind to produce renewable electricity, but as soon as you produce that electricity you need to use it," says Mahdi Salehi, Ph.D. candidate at the Electrocatalysis Lab at McGill University. "But in our case, we can use that renewable but intermittent electricity to store the energy in chemicals like methane."

By using copper nanoclusters, says Salehi, carbon dioxide from the atmosphere can be transformed into methane and once the methane is used, any carbon dioxide released can be captured and "recycled" back into methane. This would create a closed "carbon loop" that does not emit new carbon dioxide into the atmosphere. The research, published recently in the journal Applied Catalysis B: Environment and Energy, was enabled by the Canadian Light Source (CLS) at the University of Saskatchewan (USask). The team plans to continue refining their catalyst to make it more efficient and investigate its large-scale, industrial applications. Their hope is that their findings will open new avenues for producing clean, sustainable energy.

Researchers have devised a way to extract energy from the photosynthesis process of algae, according to an announcement from Concordia University.

Suspended in a specialized solution, the algae forms part of a "micro photosynthetic power cell" that can actually generate enough energy to power low-power devices like Internet of Things (IoT) sensors.

Photosynthesis produces oxygen and electrons. Our model traps the electrons, which allows us to generate electricity," [says Kirankumar Kuruvinashetti, PhD 20, now a Mitacs postdoctoral associate at the University of Calgary.] "So more than being a zero-emission technology, it's a negative carbon emission technology: it absorbs carbon dioxide from the atmosphere and gives you a current. Its only byproduct is water.

[...] Muthukumaran Packirisamy, professor in the Department of Mechanical, Industrial and Aerospace Engineering and the paper's corresponding author, admits the system is not yet able to compete in power generation with others like photovoltaic cells. The maximum possible terminal voltage of a single micro photosynthetic power cell is only 1.0V. But he believes that, with enough research and development, including artificial intelligence-assisted integration technologies, this technology has the potential to be a viable, affordable and clean power source in the future.

It also offers significant manufacturing advantages over other systems, he says. "Our system does not use any of the hazardous gases or microfibres needed for the silicon fabrication technology that photovoltaic cells rely on. Furthermore, disposing of silicon computer chips is not easy. We use biocompatible polymers, so the whole system is easily decomposable and very cheap to manufacture.

In the paper the researchers also described it as a âoemicrobial fuel cellâ...

Abstract credit: https://slashdot.org/story/429671

A hacker has gained access to internal tools used by the location tracking company Tile, including one that processes location data requests for law enforcement, and stolen a large amount of customer data, such as their names, physical addresses, email addresses, and phone numbers, 404 Media reports. From the report:

The stolen data itself does not include the location of Tile devices, which are small pieces of hardware users attach to their keys or other items to monitor remotely. But it is still a significant breach that shows how tools intended for internal use by company workers can be accessed and then leveraged by hackers to collect sensitive data en masse. It also shows that this type of company, one which tracks peoples' locations, can become a target for hackers. "Basically I had access to everything," the hacker told 404 Media in an online chat. The hacker says they also demanded payment from Tile but did not receive a response.

Tile sells various tracking devices which can be located through Tile's accompanying app. Life360, another location data focused company, acquired Tile in November 2021. The hacker says they obtained login credentials for a Tile system that they believe belonged to a former Tile employee. One tool specifically says it can be used to "initiate data access, location, or law enforcement requests." Users can then lookup Tile customers by their phone number or another identifier, according to a screenshot of the tool.

Abstract credit: https://slashdot.org/story/429499

Starting from 2030, Mastercard will no longer require Europeans to enter their card numbers manually when checking out online -- no matter what platform or device they're using. Mastercard will announce Tuesday in a fireside chat with CNBC that, by 2030, all cards it issues on its network in Europe will be tokenized. In other words, instead of the 16-digit card number we're all accustomed to using for transactions, this will be replaced with a randomly generated "token."

The firm says it's been working with banks, fintechs, merchants and other partners to phase out manual card entry for e-commerce by 2030 in Europe, in favor of a one-click button across all online platforms. This will ensure that consumers' cards are secure against fraud attempts, Mastercard says. Users won't have to keep entering passwords every time they try to make a payment, as Mastercard is introducing passkeys that replace passwords.

The world's largest solar farm, in the desert in northwestern Xinjiang, is now connected to China's grid. The 3.5-gigawatt (GW), 33,000-acre solar farm is outside Urumqi, Xinjiang's capital. The state asset regulator's website cited the Power Construction Corp of China and said it came online on Monday. The solar farm will generate about 6.09 billion kilowatt hours (kWh) of electricity annually. Assuming an EV consumes about 3,000 kWh per year, 6.09 billion kWh could power 2.03 million EVs annually.

The world's largest solar farm in Xinjiang is part of China's megabase project, a plan to install 455 GW of wind and solar. The megabase projects are sited in sparsely populated, resource-rich areas and send their generated energy to major urban centers, such as on China's eastern seaboard. China now boasts the three largest solar farms in the world by capacity. The Ningxia Tenggeli and Golmud Wutumeiren solar farms, each with a capacity of 3 MW, are already online.

In a new blog post, Ethereum co-founder Vitalik Buterin has shared his thoughts on three issues core to Ethereum's decentralization: MEV, liquid staking, and the hardware requirements of nodes. The Block reports:

In his post, published on May 17, Buterin first addresses the issue of MEV, or the financial gain that sophisticated node operators can capture by reordering the transactions within a block. Buterin characterizes the two approaches to MEV as "minimization" (reducing MEV through smart protocol design, such as CowSwap) and "quarantining" (attempting to reduce or eliminate MEV altogether through in-protocol techniques). While MEV quarantining seems like an alluring option, Buterin notes that the prospect comes with some centralization risks. "If builders have the power to exclude transactions from a block entirely, there are attacks that can quite easily arise," Buterin noted. However, Buterin championed the builders working on MEV quarantining through concepts like transaction inclusion lists, which "take away the builder's ability to push transactions out of the block entirely." "I think ideas in this direction - really pushing the quarantine box to be as small as possible - are really interesting, and I'm in favor of going in that direction," Buterin concluded.

Buterin also addressed the relatively low number of solo Ethereum stakers, as most stakers choose to stake with a staking provider, either a centralized offering like Coinbase or a decentralized offering like Lido or RocketPool, given the complexity, hardware requirement, and 32 eth minimum needed to operate an Ethereum node solo. While Buterin acknowledges the progress being made to reduce the cost and complexity around running a solo node, he also noted "once again there is more that we could do," perhaps through reducing the time to withdraw staked ether or reducing the 32 eth minimum requirement to become a solo staker. "Incorrect answers could lead Ethereum down a path of centralization and 're-creating the traditional financial system with extra steps'; correct answers could create a shining example of a successful ecosystem with a wide and diverse set of solo stakers and highly decentralized staking pools," Buterin wrote. [...]

Buterin finished his post by imploring the Ethereum ecosystem to tackle the hard questions rather than shy away from them. "...We should have deep respect for the properties that make Ethereum unique, and continue to work to maintain and improve on those properties as Ethereum scales," Buterin wrote. Buterin added today, in a post on X, that he was pleased to see civil debate among community members. "I'm really proud that ethereum does not have any culture of trying to prevent people from speaking their minds, even when they have very negative feelings toward major things in the protocol or ecosystem. Some wave the ideal of 'open discourse' as a flag, some take it seriously," Buterin wrote.

Abstract credit: https://slashdot.org/story/428637

Visa is rolling out new technology that will allow the payments giant to share more information about customers' preferences [non-paywalled source] based on their shopping history with retailers as it seeks to remain a top player in the competitive e-commerce space. From a report:

The data will be shared via the payments giant's proprietary "tokens," which provide an added layer of security between a consumer's bank information and a merchant. Shopping inclinations and other information based on past transactions -- such as preferred categories, like movies or golf -- will be shared via token with retailers with the consent of consumers.

"It's almost entirely blind to almost all consumers," Visa Chief Executive Officer Ryan McInerney said in an interview of the company's token technology. "They just know their payments work better." The sharing of shopping data via token is one of a handful of innovations Visa unveiled at a conference in San Francisco, where it's based. Visa, one of the largest e-commerce technology companies in the world, is finding itself increasingly fending off competitors seeking larger slices of the fees merchants must pay to carry out consumer transactions.

Abstract credit: https://slashdot.org/story/428471

Last week, NASA announced it is working with a technology development company on a new propulsion system that could transport humans to Mars in only two months -- down from the current nine month journey required to reach the Red Planet. Gizmodo reports:

NASA's Innovative Advanced Concepts (NIAC) program recently selected six promising projects for additional funding and development, allowing them to graduate to the second stage of development. The new "science fiction-like concepts," as described by John Nelson, NIAC program executive at NASA, include a lunar railway system and fluid-based telescopes, as well as a pulsed plasma rocket.

The potentially groundbreaking propulsion system is being developed by Arizona-based Howe Industries. To reach high velocities within a shorter period of time, the pulsed plasma rocket would use nuclear fission -- the release of energy from atoms splitting apart -- to generate packets of plasma for thrust. It would essentially produce a controlled jet of plasma to help propel the rocket through space. Using the new propulsion system, and in terms of thrust, the rocket could potentially generate up to 22,481 pounds of force (100,000 Newtons) with a specific impulse (Isp) of 5,000 seconds, for remarkably high fuel efficiency. [...]

The pulsed plasma rocket would also be capable of carrying much heavier spacecraft, which can be then equipped with shielding against galactic cosmic rays for the crew on board. Phase 2 of NIAC is focused on assessing the neutronics of the system (how the motion of the spacecraft interacts with the plasma), designing the spacecraft, power system, and necessary subsystems, analyzing the magnetic nozzle capabilities, and determining trajectories and benefits of the pulsed plasma rocket, according to NASA.

Abstract credit: https://slashdot.org/story/428225

The blog Its FOSS has 15,000 followers for its Mastodon account — which they think is causing problems:

When you share a link on Mastodon, a link preview is generated for it, right? With Mastodon being a federated platform (a part of the Fediverse), the request to generate a link preview is not generated by just one Mastodon instance. There are many instances connected to it who also initiate requests for the content almost immediately. And, this "fediverse effect" increases the load on the website's server in a big way.

Sure, some websites may not get overwhelmed with the requests, but Mastodon does generate numerous hits, increasing the load on the server. Especially, if the link reaches a profile with more followers (and a broader network of instances)... We tried it on our Mastodon profile, and every time we shared a link, we were able to successfully make our website unresponsive or slow to load.

It's Foss blog says they found three GitHub issues about the same problem — one from 2017, and two more from 2023. And other blogs also reported the same issue over a year ago — including software developer Michael Nordmeyer and legendary Netscape programmer Jamie Zawinski.

And back in 2022, security engineer Chris Partridge wrote:

[A] single roughly ~3KB POST to Mastodon caused servers to pull a bit of HTML and... an image. In total, 114.7 MB of data was requested from my site in just under five minutes — making for a traffic amplification of 36704:1. [Not counting the image.]

Its Foss reports Mastodon's official position that the issue has been "moved as a milestone for a future 4.4.0 release. As things stand now, the 4.4.0 release could take a year or more (who knows?)."

They also state their opinion that the issue "should have been prioritized for a faster fix... Don't you think as a community-powered, open-source project, it should be possible to attend to a long-standing bug, as serious as this one?"

Abstract credit: https://slashdot.org/story/428030

cross-posted from: https://lemmy.smeargle.fans/post/145396

HN Discussion

An anonymous reader shared this report from CNN:

On a slice of the ocean front in west Singapore, a startup is building a plant to turn carbon dioxide from air and seawater into the same material as seashells, in a process that will also produce "green" hydrogen — a much-hyped clean fuel.

The cluster of low-slung buildings starting to take shape in Tuas will become the "world's largest" ocean-based carbon dioxide removal plant when completed later this year, according to Equatic, the startup behind it that was spun out of the University of California at Los Angeles. The idea is that the plant will pull water from the ocean, zap it with an electric current and run air through it to produce a series of chemical reactions to trap and store carbon dioxide as minerals, which can be put back in the sea or used on land... The $20 million facility will be fully operational by the end of the year and able to remove 3,650 metric tons of carbon dioxide annually, said Edward Sanders, chief operating officer of Equatic, which has partnered with Singapore's National Water Agency to construct the plant. That amount is equivalent to taking roughly 870 average passenger cars off the road. The ambition is to scale up to 100,000 metric tons of CO2 removal a year by the end of 2026, and from there to millions of metric tons over the next few decades, Sanders told CNN. The plant can be replicated pretty much anywhere, he said, stacked up in modules "like lego blocks...."

The upfront costs are high but the company says it plans to make money by selling carbon credits to polluters to offset their pollution, as well as selling the hydrogen produced during the process. Equatic has already signed a deal with Boeing to sell it 2,100 metric tons of hydrogen, which it plans to use to create green fuel, and to fund the removal of 62,000 metric tons of CO2.

There's other projects around the world attempting ocean-based carbon renewal, CNN notes. "Other projects include sprinkling iron particles into the ocean to stimulate CO2-absorbing phytoplankton, sinking seaweed into the depths to lock up carbon and spraying particles into marine clouds to reflect away some of the sun's energy."

But carbon-removal projects are controversial, criticized for being expensive, unproven at scale and a distraction from policies to cut fossil fuels. And when they involve the oceans — complex ecosystems already under huge strain from global warming — criticisms can get even louder. There are "big knowledge gaps" when it comes to ocean geoengineering generally, said Jean-Pierre Gatusso, an ocean scientist at the Sorbonne University in France. "I am very concerned with the fact that science lags behind the industry," he told CNN.

Abstract credit: https://slashdot.org/story/427506