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Bitcoin Energy Consumption Is Far More Efficient and Greener Than Today’s Banking System
20.1.2021
While bitcoin and a variety of digital currencies have swelled in value, a number of critics have spread fear, uncertainty, and doubt (FUD) in regard to the energy consumption proof-of-work (PoW) cryptocurrencies leverage to produce new units of currency. Just recently the software engineer Stephen...
Iran Seizes 45,000 Bitcoin Miners for Illegally Using Subsidized Government Electricity: Report
19.1.2021
Police in Iran have reportedly seized 45,000 bitcoin mining rigs for illegally using subsidized electricity from the state-owned power utility Tavanir, the local Tasmin News Agency reported this week. According to Mohammad Hassan Motavalizadeh, head of Tavanir, the efficient application-specific...
Iran Reportedly Seizes 45K Bitcoin Mining Machines After Closure of Illegal Operations
18.1.2021
The mostly ASIC devices used to mine bitcoin are said to have been consuming 95 megawatts per hour of electricity at a reduced rate
A Russian Operation Is Mining Bitcoin in the Arctic Circle for Cheap Electricity
16.1.2021
A Russian company is leveraging the Siberian city of Norilsk located above the Arctic Circle in order to mine bitcoins. Bitcluster, the owner of the crypto mining operation, plans to expand the firm’s activities after launching the facility in late 2020. According to the company’s...
Pakistan to Set up Two State-Owned Bitcoin Mining Farms to Help Boost Economy
14.1.2021
The government of Khyber Pakhtunkhwa (KP), the third largest of Pakistan’s four semi-autonomous provinces, is setting up two state-backed bitcoin mining farms, local media reported last week. Ziaullah Bangash, advisor to the chief minister of KP on Science and Information Technology, said...
Central Washington Raises Concerns Over Possible Bitcoin Mining Boom
12.1.2021
A region in the Pacific Northwest of the United States is on high alert because of concerns about a possible invasion of bitcoin (BTC) miners. The state has previously experienced an influx of Chinese bitcoin miners, due to decreasing electricity prices. Bitcoin Bull-Run Could Revive Interest...
Russian Oil Giant Provides Excess Gas to Operations Powering Bitcoin Mining Devices
10.1.2021
The firm Gazpromneft, an oil subsidiary of the Russian natural gas and global energy company Gazprom, is giving bitcoin mining operations the chance to power operations by using excess gas for electricity. The Russian firm has allowed a small mining operation to benefit from the excess gas...
Token-based electricity top-up app expands in Africa but faces headwinds
8.1.2021
Crypto payments network Electroneum is expanding its utility bill and mobile phone airtime top-up coverage to more countries in Africa
Iran Shuts Down 1,620 Cryptocurrency Mining Farms
6.1.2021
Since Iran began recognizing cryptocurrency mining as an industry, it has reportedly shut down 1,620 unauthorized crypto mining farms. Crypto miners initially welcomed the recognition but later said that the electricity tariffs were too high. 1,620 Crypto Mining Farms Shut Down in Iran Iranian...
Record-Low Electricity Prices in Sweden Make It ‘a Lucrative Place’ to Mine Bitcoin, Says Report
1.1.2021
Bitcoin miners are finding the Nordic lands a profitable opportunity to boost their revenues due to a plunge in electricity prices at the cheapest levels than any other well-known places for crypto mining. Bitcoin Miners Could Find ‘Lucrative’ Opportunities in Norway and Sweden...
Chinese Miners Migrate to Nordic Regions, Mining Exec Says Hashrate Migration One of the ‘Biggest Developments’
31.12.2020
China has the largest concentration of bitcoin miners worldwide with estimates noting the country captures anywhere between 50-65% of the global hashrate. Xinjiang, the autonomous region of the People’s Republic of China, ostensibly accommodates 35% of the hashrate. This week a regional...
China’s Coal Standoff Causes Power Shortages, Chinese Bitcoin Miners ‘Heavily Affected’
28.12.2020
Regional reports from China detail that bitcoin miners located in certain areas in South China are running short on electricity. The country has been having massive issues with coal prices soaring across the mainland, as the Chinese government hasn’t been allowing coal carriers into ports....
Bulgarian Electricity Company Unveils Details of Historic Power Theft Linked to Illegal Bitcoin Mining
16.12.2020
One of the largest exporters of electricity in Europe has revealed details of the most significant theft they have had in history, linked to a massive illegal bitcoin mining farm in a small Bulgarian village. Bulgarian Electricity Company Uncovers Massive Electricity Theft Linked to Illegal Bitcoin...
Venezuelan Government Signs Agreement to Establish Guidelines for Granting Licenses to Crypto Miners
11.12.2020
The National Superintendency of Crypto Assets (Sunacrip) and the National Electricity Corporation of Venezuela (Corpoelec) signed an agreement to establish guidelines to “improve the development” of bitcoin and other crypto mining activities across the country. Venezuelan Government...
Authorities shut off electricity to Bitcoin miners in China’s Yunnan province
1.12.2020
Local media reports indicate electricity producers in Yunnan, China’s fourth-largest province by Bitcoin hash rate, have been ordered not to provide power to crypto mines
China’s Crypto Miners Struggle to Pay Power Bills as Regulators Clamp Down on OTC Desks
16.11.2020
Miners in China have reportedly been struggling to pay for electricity after authorities started cracking down on OTC brokers in the country
S9 Resurrection: Higher Bitcoin Prices Allow Miners to Switch Outdated Mining Rigs Back On
14.11.2020
With bitcoin prices hovering over a certain handle, a great number of old ASIC mining rigs manufactured years ago are starting to become profitable again. Reports indicate that in China, where the average electricity cost is around $0.06 per kilowatt-hour (kWh), miners are starting to leverage...
Venezuelan State Electricity Company Reportedly Cuts Power To Crypto Miners
12.11.2020
Reports say the Venezuelan state electricity company Corpoelec is disconnecting bitcoin mining farms in Carabobo state on orders from authorities. The power disconnections come amid reports that government and Corpoelec officials are planning to meet mining farm operators. According to one report...
Siemens-backed blockchain energy platform showcases in Germany
22.10.2020
The German state-funded energy project uses DLT to enable transparent market transactions
Bitcoin mining’s future is green, and Russia has the best chance
18.10.2020
Despite unclear crypto regulations in the country, Russia may become the leader in sustainable crypto mining