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US Lawmakers Press Bitcoin Mining Firms on Energy Usage, Carbon Emissions, Climate Crisis
1.2.2022
Eight U.S. lawmakers, including Senator Elizabeth Warren, have sent letters to top U.S.-based bitcoin mining firms questioning them about their crypto mining operations. “The extraordinarily high energy usage and carbon emissions associated with bitcoin mining could undermine our hard work...
Report: Bitcoin mining network accounts for 0.08% of world's CO2 production
31.1.2022
In addition to environmental metrics, the U.S. now accounts for 49% of the world's Bitcoin cash rate
Fossils vs. Renewables, PoW vs. PoS: Key policy issues around crypto mining in the U.S.
30.1.2022
A recent meetup on the Capitol Hill highlighted several key debates that will define the mining industry’s development in the years to come
Inside the blockchain developers’ mind: How to build the next big social DApp
30.1.2022
Fee-less system or flexible blockchain with smart contracts: What do you choose to build your DApp? Or you don’t need to choose at all?
Bitcoin miners believe global hash rate to grow ‘aggressively’
30.1.2022
Despite the price of BTC, the Bitcoin network is the strongest it’s ever been, according to industry experts
Russian Investors to Pass Exams Before Buying Cryptocurrencies, Draft Law Suggests
30.1.2022
A new Russian law may oblige potential crypto investors to take a test before being allowed to purchase digital assets over a certain limit. The authors are also hoping to regulate cryptocurrency mining and cut access to cheap energy for those who mint coins in their homes. Bill to Bring...
Bitcoin Mining CO2 Footprint Is Below 0.08% Of Global Total - CoinShares
28.1.2022
The Bitcoin (BTC) mining network contributed less than 0.08% to the world’s total carbon dioxide (CO2) emissions, according to digital asset investing firm CoinShares. Data obtained by the company suggests that BTC mining is responsible for a marginal share of the global CO2 emissions,...
Utility Seeks $800,000 From Russians Mining Crypto With Cheap Power
27.1.2022
The main utility company in Irkutsk is looking to collect almost $800,000 from owners of crypto farms that have allegedly caused a spike in electricity consumption in the Russian region. The supplier accuses the miners of burning cheap household electricity in what is, in fact, a business activity....
Kazakhstan Shuts Down Crypto Mining Farms Till February
26.1.2022
Data centers minting cryptocurrencies in Kazakhstan were cut off from the nation’s power grid this week and will remain unplugged for the rest of January. The measure comes as the country faces electricity shortages blamed on crypto mining and blackouts in the cold winter months. Crypto...
Decommissioned Power Plant in Armenia to Host Crypto Mining Farms
23.1.2022
Armenia is going to invite cryptocurrency miners to install their coin minting hardware in an old thermal power plant. The TPP will be decommissioned and the government intends to rent it out to industrial companies including mining enterprises. Miners Welcome to Set Up Data Centers at Old TPP...
Witnesses address energy impacts of crypto mining during House hearing
20.1.2022
“If policymakers take a cautious approach and foster a pro-innovation environment, the rewards for consumers, investors and all Americans are likely to be great," said Jordan Ramis shareholder Gregory Zerzan
Watch Mining Hearing Live: Bitcoin Is More Energy-Efficient than Banks, Bitfury CEO Tells US Lawmakers
20.1.2022
Traditional banking requires 2.5 times the amount of power as Bitcoin (BTC) to produce the same amount of value, and only proof-of-work (PoW) provides “a truly trustless system,” according to Brian Brooks, CEO of major blockchain technology firm Bitfury and a former Comptroller of the Currency...
Regulator Reiterates Call for EU Ban on Proof-of-Work Mining
20.1.2022
The EU should prohibit proof-of-work crypto mining, an executive at the European securities watchdog has insisted. Coins relying on the energy-intensive method of minting pose a risk to efforts aimed at meeting climate change goals such as those set in the Paris Agreement, the regulator says....
Intel to Unveil an Energy-Efficient Bitcoin Mining Chip
20.1.2022
Intel, the globe’s 2nd largest semiconductor chip maker, seems to be preparing to unveil a Bitcoin mining chip. This same organization does have a demonstration planned under the “Highlighted Chip Releases” classification for this year’s ISSCC meeting to display a “Bonanza...
Crypto Miner Convicted in Russia for Allegedly Stealing Power to Mint Digital Coins
19.1.2022
A regional court has sentenced a man accused of illegally connecting his crypto farm to the grid to two years in prison. The decision comes as authorities in Moscow prepare to address the lack of proper regulations for cryptocurrency mining, which has become a popular source of income in Russia....
Bitcoin Mining Energy Use ‘Inconsequential,’ ‘Rapidly Becoming More Efficient’ - Saylor
19.1.2022
The total use of energy for Bitcoin (BTC) mining is “inconsequential,” and it is “rapidly becoming more efficient,” MicroStrategy CEO Michael Saylor said, as the mining industry is preparing for a hearing in the US House of Representatives this week.
Saylor was speaking during a quarterly...
Bitcoin mining becomes more sustainable: Mining Council's Q4 survey
19.1.2022
“This quarter we saw the trend continue with dramatic improvements to Bitcoin mining energy efficiency and sustainability,” said the Founder and CEO of MicroStrategy Michael Saylor
Binance to Launch New Cryptocurrency Exchange in Thailand After Thai SEC Filed Criminal Complaint
19.1.2022
Crypto exchange Binance is launching a new exchange in Thailand after the country’s Securities and Exchange Commission (SEC) filed a complaint against the company for operating without a license. Binance has now signed an agreement with Gulf Energy Development, a Thai public company,...
Intel to reveal new energy-efficient Bitcoin mining ASIC at next ISSCC
18.1.2022
The proposed "Bonanza Mine" promises to be a new, viable option to compete against traditional mining rigs
Former pro-crypto CoC Brian Brooks to testify in a House hearing on the energy impacts of mining
18.1.2022
Crypto allies dominate the list of witnesses slated to appear before the House Committee on Energy and Commerce