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Nalezeno "$POWER": 1347

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...

Constant Blackouts Have Ruined Cryptocurrency Mining Investments in Cuba

12.12.2022
Several small investors have manifested that the constant blackouts in several parts of Cuba have made cryptocurrency mining unsustainable, leaving them unable to operate their rigs. The blackouts also affect telecommunications, leaving some of these operations that rely on off-grid power plants...

Bitcoin mining project in Kenya helps power rural community

9.12.2022
Gridless Compute, a hydro-powered Bitcoin mining initiative, tweeted that the project has successfully powered a rural community and lowered its existing energy rates

Kenya-Based Bitcoin Mining Company Raises $2 Million in Seed Investment Led by Jack Dorsey-Owned Firm

9.12.2022
Gridless, a bitcoin mining company operating from Kenya, recently raised $2 million in seed investment from Block, a digital payments company owned by Twitter founder Jack Dorsey, and Stillmark. The bitcoin mining firm is reportedly planning to use the capital raised to fund its expansion into...

Crypto Miner Hive Cuts Computing Power Forecast for Intel Chip-Based Rigs

9.12.2022
The Canadian firm said it would receive 5,800 machines by end-January, raking in upwards of 630 PH/s

Paraguayan Cryptocurrency Law Shelved After Presidential Veto

9.12.2022
The cryptocurrency and mining law that the Paraguayan Congress passed in June was finally shelved on Dec. 5. The document, which sought to bring order to crypto mining and exchange activities in Paraguay, was ultimately dropped after failing to obtain the votes needed to reject the presidential...

Crypto Miners in Kazakhstan to Buy Only Surplus Power, Under Digital Assets Bill

8.12.2022
Companies extracting cryptocurrencies in Kazakhstan will be allowed to purchase only excess electricity on a government-controlled market. The decision comes with new legislation approved by lawmakers which regulates the activities of the industry and the taxation of its profits. Law to Regulate...

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...

Rishi Sunak Has the Power to Make His Crypto Dreams Come True. Will He?

5.12.2022
As finance minister earlier this year he backed measures for regulating stablecoins and boldly declared he would turn the U.K. into an international hub for crypto. Now he’s prime minister and an FTX-scarred industry is watching. That’s why Rishi Sunak is one of CoinDesk’s Most Influential 2022

First Mover Asia: Bitcoin Hovers Near $17.3K, but Does It Have Staying Power?

5.12.2022

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...

Avalanche to power Alibaba Cloud's infrastructure services in Asia

3.12.2022
Avalanche’s partnership with Alibaba Cloud will see the development of tools that enable users to launch validator nodes on Avalanche's public blockchain platform in Asia

Italy Wants to Tax Crypto Gains at 26% From 2023

1.12.2022
The new government of Italy plans to impose a 26% tax on capital gains from crypto trading, according to the draft budget for next year. The center-right coalition in power is also preparing to oblige Italians to declare their digital assets and pay 14% on their holdings. Government in Italy...

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...

Telegram founder wants to build new decentralized tools to combat power abuse

30.11.2022
The messaging platform is building a set of decentralized tools, including noncustodial wallets and decentralized exchanges

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...

DCG Subsidiary Foundry to Acquire 2 ‘Turnkey’ Bitcoin Mining Facilities From Compute North

23.11.2022
Digital asset mining and staking firm Foundry has agreed to purchase two “turnkey” bitcoin mining facilities from Compute North, a bitcoin miner that filed for Chapter 11 bankruptcy protection on Sept. 22, 2022. Foundry says the two data centers have a total power capacity of around...