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US Gets Serious About Tracking Crypto Mining Electricity Usage
1.2.2024
A US government agency responsible for managing energy-related data is going after crypto-mining companies over their power consumption. The Energy Information Administration (EIA) said on Wednesday that it will collect electricity consumption data from identified US-based crypto mining companies...
Crypto, AI and Data Centers Could Double Energy Consumption in 2026
27.1.2024
The aggregated demand for energy from crypto, artificial intelligence (AI), and traditional data centers could double in 2026. According to a report by the International Energy Agency (IEA), the consumption growth might mean adding a country like Sweden (in the best case) or Germany (in the worst...
AI and Crypto Mining to More Than Double Energy Use by 2026, Report Says
26.1.2024
Source: Adobe / Timon The International Energy Agency (IEA) anticipates substantial increases in energy consumption from crypto mining and artificial intelligence (AI) in the coming years, with projections suggesting a more than 30% surge by 2026. The IEA’s Electricity 2024 report outlines...
Texas curtails consumption, Bitcoin mining hashrate drops by 25%
18.1.2024
Bitcoin mining hashrate is down by 25%. This comes in the wake of Texas curtailing the usage of businesses. The Texas grid regulator has requested a more conservative approach in response to ERCOT’s message. ERCOT, short for Electric Reliability Council of Texas, recently issued a warning that...
Unlimited Innovations vs. 2,500 Swimming Pools — AI Faces Similar Environmental Backlash as Bitcoin Mining
29.12.2023
In recent years, attention has centered on bitcoin mining, particularly its energy usage in securing the network and validating transactions through proof-of-work (PoW). As generative artificial intelligence (AI) emerges as a major force in technology, it’s encountering similar environmental...
China’s Current Economic Challenges Echo Japan’s Past Economic Struggles
19.12.2023
Experts highlight the critical need for China to learn from Japan’s prolonged economic stagnation, emphasizing the urgency to transition from manufacturing and investment reliance to boosting domestic consumption. Similarities to Japan’s Lost Decades in China’s Current Economic Slowdown...
Cambridge Study: Ethereum Consumes 28x Less Energy Than American Express
12.12.2023
Source: AdobeStock The world’s second-largest crypto protocol Ethereum network, is reported to consume 28 times less energy than the American Express business, according to a recent report from the University of Cambridge. The report compares the annual energy consumption of the smart...
Digital Asset Miner Hut 8 Reports 44% Increase in Carbon Credits Amid Sector’s Energy Consumption – Mining Making a Comeback?
21.11.2023
Source: AdobeStock / Photocreo Bednarek Cryptocurrency miner, Hut 8 partnered with Sparta Group’s ERS International to establish neutral carbon emissions in 2025 and has recorded massive wins this year. The Canadian-based crypto miner joined the carbon credit program with a vision toward 2025...
AI's energy consumption concerns echo Bitcoin mining criticisms, says Heatbit founder
17.11.2023
While artificial intelligence continues to grab headlines, small and large-scale Bitcoin miners might not necessarily jump ship to the AI and machine learning hype train
Bitcoin price and energy use for mining highly correlated: UN Report
30.10.2023
The UN scientists evaluated the activities of 76 Bitcoin mining nations during the 2020–2021 period and found that the global Bitcoin mining network consumed 173.42 Terawatt hours of electricity
Crypto Miners Lobby U.S. Lawmakers to Counter Environmental 'Misunderstanding'
27.10.2023
When crypto mining is discussed in the U.S. Congress, it's often tied to claims that mining operations are environmental parasites, sapping finite energy resources. But representatives of that sector flooded offices on Capitol Hill this week to argue their businesses can help stabilize the power...
Bitcoin miners double down on efficiency and renewable energy at the World Digital Mining Summit
23.9.2023
Bitmain rolled out its efficiency-focused Antminer S21 at the WDMS and Bitcoin miners shared their plans for boosting productivity via green energy
Bitcoin’s Sustainable Energy Mix Over 50%, Carbon Footprint Compares Better Than Other Industries: Bloomberg Report
21.9.2023
Over the years, Bitcoin's (BTC) energy consumption data which posed serious concerns from several quarters has become more positive toward sustainability.
A new report from Bloomberg shows the sustainable energy mix of Bitcoin above 50% indicates a better climate growth ratio than several...
Bitcoin miners seek alternative energy sources to cut costs
18.9.2023
The next generation of crypto mining will focus on alternative energy sources for efficiency
Ethereum Merge anniversary — 99% energy drop but centralization fears linger
15.9.2023
Energy use is down, and staking is up, but technical concerns still mark the road ahead for the second-largest cryptocurrency by market cap
Bitcoin energy value metric puts BTC’s ‘fair value’ at $47K — Analyst
8.9.2023
Charles Edwards of Capriole Investments says that despite the current headwinds, Bitcoin’s fair value sits at $45,000
Cambridge University's Bitcoin Mining Index Gets an Upgrade for Precise Power Consumption Analysis – Here's the Latest
4.9.2023
The Bitcoin Electricity Consumption Index (CBECI), developed by researchers at Cambridge University’s Centre for Alternative Finance (CCAF), has been upgraded to reveal new information about Bitcoin mining’s global energy consumption.
Following the upgrade, the new estimate of all global energy...
Cambridge Revises Bitcoin Mining Index, Lowers BTC’s Estimated Power Use
1.9.2023
Cambridge Centre for Alternative Finance has significantly revised its Bitcoin Electricity Consumption Index, lowering its estimates of the cryptocurrency’s energy use after finding its previous model greatly overstated power consumption. Cambridge Centre Revises Bitcoin Energy Estimates...
Cambridge Bitcoin Electricity Consumption Index updated to reflect hardware distribution and hashrate increases
31.8.2023
Cambridge researchers revise the widely-cited index in response to evidence indicating periodic overestimation of Bitcoin mining’s electricity consumption
Study Shows Bitcoin Mining Could Accelerate Transition to Renewable Energy
14.8.2023
A new study suggests bitcoin mining could actually help drive the transition to renewable energy sources. Researchers Juan Ignacio Ibañez and Alexander Freier make the case that Bitcoin miners’ demand for cheap electricity provides incentives for increased renewable energy production....