Search

Nalezeno "s energy": 1198

Russia Cracking Down on Crypto Miners Minting in Residential Areas

14.12.2022
Russian authorities are now prosecuting miners extracting cryptocurrency using subsidized electricity for the population, according to a top official from the energy ministry. Power utilities are detecting their increased consumption and trying to make them pay at commercial rates. Amateur Crypto...

Decentralized solutions for climate change are key as COP disappoints

13.12.2022
Climate change initiatives led by politicians and sponsored by some of the biggest polluters demand a change in initiatives — Decentralized tech could play a key role

Crypto Miner Iris Energy Hit by Class Action Suit

13.12.2022
The company failed to disclose that some of its mining equipment was owned through special purpose vehicles, the suit alleges

Crypto Mining Investments in Cuba Have Been Severely Impacted by Constant Power Blackouts

12.12.2022
Repeated blackouts in several parts of Cuba have reportedly made operating cryptocurrency mining rigs impossible - and mining unsustainable. Many Cubans have lost thousands of dollars that they had invested in crypto mining equipment and graphics cards, according to a report by CubaNet.... Read...

Massachusetts Senator Forwards Bill Aimed at Forcing Crypto Miners to Report Greenhouse Gas Emissions

9.12.2022
On Dec. 8, 2022, three Democratic politicians from Massachusetts, Oregon, and California revealed legislation aimed at combatting “energy-intensive” cryptocurrency mining operations. The bill introduced by senator Ed Markey (D-MA) alleges that crypto mining “strains...

US lawmakers introduce bill aimed at reporting on crypto miners' potential environmental impact

8.12.2022
The Crypto-Asset Environmental Transparency Act would instruct the Environmental Protection Agency to report on crypto mining activity consuming more than 5 megawatts

US Lawmakers Want Environmental Agency to Study Crypto Mining's Energy Impact

8.12.2022
U.S. Senators Ed Markey and Jeff Merkley and Rep. Jared Huff introduced a bill Thursday that would, if passed, direct the Environmental Protection Agency to study the energy usage and environmental impact of crypto mining

Russia Expects Sizable Increase in Crypto Miners’ Share of Power Usage

8.12.2022
The crypto mining industry may see a two-fold increase in its share of Russia’s power consumption in 2022, according to a high-ranking official from the Ministry of Energy. The department supports a bill designed to regulate the sector which is likely to be adopted this year. Russian Energy...

ECB Official Says Energy-Intensive Crypto Should Be Banned

7.12.2022
Fabio Panetta likened the ecosystem to gambling and a Ponzi scheme

Applied Direct Response — ERCOT Study Shows Bitcoin Mining Is Beneficial to the Texas Grid

3.12.2022
On Nov. 29, 2022, The Electric Reliability Council of Texas (ERCOT) published a report on seasonal assessment and resource adequacy for the ERCOT region. ERCOT’s study indicates that bitcoin mining operations are flexible operations that can be beneficial to the Texas grid during the upcoming...

Manitoba Halts New Crypto Mining Projects Due to Expected High Energy Demand

1.12.2022
Authorities in Manitoba are temporarily suspending the connection of new crypto mining facilities to the power grid. The Canadian province, which relies heavily on hydroelectric generation and attracts miners with low electricity rates, fears it may face overwhelming energy demand. Manitoba...

New York Governor Signs Law Partially Banning Bitcoin Mining on Fossil Fuels

23.11.2022
A moratorium on some crypto mining operations relying on carbon-based energy has been signed into law in New York. Businesses engaged in proof-of-work mining in the state will not be able to expand or renew their permits for the next two years as a result of the ban, which is likely to have...

Greenpeace: Bitcoin Is ‘Falling Behind’ in the Battle Against Climate Change

22.11.2022
Greenpeace, the international, environment-conscious non-governmental organization (NGO), has criticized the lack of action that Bitcoin-related groups have adopted in the battle against climate change. Rolf Skar, of Greenpeace USA, stated that Bitcoin was “falling behind” on this...

Iris Energy to cut mining hardware after defaulting on $108M loan

22.11.2022
The Australian mining firm has had to unplug hardware that was producing "insufficient cash flow" to service its "debt financing obligations."

Startup Arkon Energy Raises $28M to Further Expand Into Bitcoin Mining

17.11.2022
The Australian company also bought Hydrokraft AS, a leading renewable energy-based data center in Norway

2 Lenders Claim Bitcoin Miner Iris Energy Defaulted on Equipment Loans Worth $103 Million

8.11.2022
Another bitcoin mining company is dealing with financial issues as Iris Energy’s Form 6-K filing with the U.S. Securities and Exchange Commission (SEC) shows the company could face default on two loans. Iris Energy’s Form 6-K filing explains to the SEC that the firm “received a notice from...