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White House Pushes DAME Tax Proposal to Address Alleged Environmental Costs of Crypto Mining
3.5.2023
On May 2, 2023, the Biden administration unveiled a blog post outlining the Digital Asset Mining Energy (DAME) tax, featured in the president’s comprehensive 182-page budget proposal for the fiscal year 2024. The DAME tax targets “making crypto miners pay for the costs they impose...
White House advisors renew push for 30% digital mining energy tax
3.5.2023
The May 2 blog post by the White House’s Council of Economic Advisers (CEA) has already attracted strong criticism from the community
The average person’s wealth will be 'completely destroyed by inflation,' says Arthur Hayes
2.5.2023
Investing in assets "outside of the traditional financial system” is the only way to preserve one’s wealth, according to the former BitMEX CEO
Bhutan mines Bitcoin with hydropower since BTC price was $5,000
1.5.2023
The crypto kingdom of Bhutan uses Himalayan rivers to generate energy used to mine Bitcoin, local reports reveal
Web3’s impact on personalization, trust and engagement through time-honored strategies
1.5.2023
By harnessing the power of Web3 and one-to-one marketing, businesses can drive customer loyalty, enhance brand reputation and ultimately achieve long-term success in the decentralized digital world
Mineflation: Cost to mine one Bitcoin in the US rises from $5K to $17K in 2023
30.4.2023
New Mexico is the cheapest US state to mine Bitcoin in terms of average electricity cost, while Hawaii is the by far the most expensive
Cambridge Study Reveals Ethereum's Lifetime Energy Use Before Merge on Par with Switzerland's Annual Consumption
27.4.2023
A study conducted by Cambridge University’s Centre for Alternative Finance (CCAF) has found that the Ethereum network during its lifespan has used as much energy as Switzerland.
According to the CCAF, the Ethereum network’s energy consumption came in at a total of 58.26 Terawatt hours (TWh)...
Sustainable Bitcoin Protocol Piloting a Waste Gas Methodology With Miner Crusoe Energy
27.4.2023
Crypto miners, like Crusoe, use gas that would otherwise be wasted and minimize methane emissions
Out of Compute North’s Bankruptcy Rises 300MW Bitcoin Miner With Novel Energy Offering
26.4.2023
Born out of the ashes of the Compute North bankruptcy, the new venture aims to give clients control over their energy strategy
Ethereum's Lifetime Energy Use Before the Merge Equaled Switzerland's for a Year
26.4.2023
If Bitcoin’s energy consumption can be thought of as a skyscraper, Ethereum’s energy use post-Merge, would be the size of a raspberry, according to University of Cambridge research
Russia to Increase Reliance on National Currencies in Energy Trade, Vows to Move Away From the US Dollar
24.4.2023
Russia will increase its reliance on national currencies to settle payments for its energy resources, moving away from the US dollar, according to Russian Deputy Prime Minister Alexander Novak. Novak noted there is a great interest in acquiring Russian energy resources, leading Russia to accept...
Republicans Seek to Repeal Biden’s Inflation Reduction Act in Exchange for Raising US Debt Limit
23.4.2023
There has been a lot of commentary concerning the U.S. raising its debt limit, as Treasury secretary Janet Yellen said last month that a U.S. default would be “devastating,” and European Central Bank president Christine Lagarde warned it would be a “major disaster” if...
Here Are Six New Projects Looking to Mitigate Bitcoin Mining’s Energy Footprint
22.4.2023
Crypto firm Mawson sells Texas sites for $8.5M ahead of vote on anti-mining bill
19.4.2023
A Singapore-based fund manager will purchase Mawson Infrastructure Group's Texas subsidiary and said it will participate in the state energy grid’s load response program
Chip Giant Intel Abandons Bitcoin ASIC Production
19.4.2023
After announcing the production of bitcoin application-specific integrated circuits (ASICs), Intel, the world’s largest semiconductor chip manufacturer by revenue, appears to be abandoning its blockchain chip production. On Tuesday, a spokesperson for the chip manufacturer explained that...
Staked TRX & Energy Rental is now positioned live
19.4.2023
Staked TRX, as well as Energy Rental, are now positioned live on the JustLend DAO mainnet. This will provide all connected users the opportunity of having further malleable and focused choices, along with more cost-effective energy rental. Through this, Justlend will be in the position of being...
Environmental Impact of AI Models Takes Center Stage Amid Criticism Against Bitcoin Mining
18.4.2023
While bitcoin’s effect on the environment has been discussed at length over the last two years, the latest trend of artificial intelligence (AI) software is now being criticized for its carbon footprint. According to several headlines and academic papers this year, AI consumes significant...
Bitcoin mining and increasing energy bills — Sen. Warren vs Crypto Twitter
18.4.2023
“I’ve been ringing the alarm about the risks that Bitcoin poses to our power grids and climate," said Sen. Warren, while agreeing to a New York Times article on the matter
Netflix’s Love Is Blind Live Failure Had Big 'Game Servers Are Down' Energy
18.4.2023
On April 16, Netflix viewers looking to enjoy the Love Is Blind live reunion special had to endure what so many live-service gamers have gone through before: Upon logging in at the promised kick-off time of 5 p.m. PT, would-be viewers were greeted not by the special but a perpetual “It’s almost...
$SAI’s Skyrocket on Friday Shows Enormous Potential in Bitcoin Heating
17.4.2023
PRESS RELEASE. SAITECH Limited (SAI for short), a clean energy and computing operator based in Singapore, saw a surge in its stock price last Friday. The highest increase in SAI’s stock price on that day was $7.4, a 387% rise from the previous day’s price. The closing price of...