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Crypto founders top young Australian rich list
2.11.2021
Seven of Australia's 87 richest entrepreneurs aged 40 and under are crypto founders, according to the Australian Financial Review
Russia Considers Selling Power to Kazakhstan Amid Deficit Caused by Crypto Miners
30.10.2021
State-owned Russian energy giant Inter RAO is now discussing electricity supplies for Kazakhstan where crypto miners have allegedly caused a spike in consumption this year. The country is expecting the power deficit to reach 600 megawatts as demand during the winter increases even further....
Kazakhstan expects at least $1.5B in economic activity from crypto mining within 5 years
29.10.2021
Kazakhstan currently ranks No. 2 in the world in terms of Bitcoin mining hash rate
To the roots of mining: Bitcoin going green faster than ever
27.10.2021
Many crypto-mining firms are transitioning to renewable sources of energy to help facilitate their operations
Australian Dollar Rises While Energy Prices Keep Soaring
27.10.2021
The AUD witnessed a slight surge after the Australian CPI numbers were released recently. Q3 headline inflation arrived with 0.8% q/q versus the forecast of 0.8%. Meanwhile, the annual headline rate reached 3.0% in y/y against the expected 3.1%. The former reached 0.7% q/q instead of 0.5% with...
The Sioux Energy Center has mined 20 Bitcoin in secret since April
25.10.2021
The environmental impacts of the site were quickly called into question following the reveal
Single Mining Farm Needs as Much Power as 24,000 Homes, Kazakhstan Estimates
23.10.2021
Authorities in Kazakhstan have calculated the energy used in the country’s crypto mining industry which competes for electricity with other sectors of the economy and households. The government has also estimated the additional supply necessary to meet the growing demand from mining farms...
Russian Oil Companies Propose to Mine Cryptocurrencies at Their Wells
22.10.2021
Companies involved in oil production in Russia have come up with a project to organize the mining of cryptocurrencies right next to the oil fields they are exploiting. Data centers devoted to coin minting can be powered by the excess gas released during oil extraction which would otherwise...
Bitcoin Miners Blamed for Energy Issues as Kazakhstan Looks to ‘Limit’ Mining
19.10.2021
Bitcoin (BTC) and altcoin miners fleeing China’s crypto crackdown to neighboring Kazakhstan have been hit with a fresh setback – with signs the nation’s grid may be struggling to deal with an increase in demand.
As the cold winter months approach, warning bells have begun to ring, with...
European Markets Fall on Rising Yields Amid Surging Energy Prices
19.10.2021
The lackluster week has restricted the financial market’s growth despite the previous week spelling positive outcomes. European markets are falling on rising yields with minimal growth, losing the previous week’s optimism. In addition, traders and investors are showing concerns regarding surging...
Russia, Belarus Move to Introduce Special Electricity Tariffs for Crypto Miners
18.10.2021
Authorities in Belarus and the Russian Federation are taking steps to separate cryptocurrency miners from other groups of power users and deny them access to subsidized energy. This could lead to the adoption of differentiated electricity rates for businesses involved in digital coin minting...
New York businesses ask governor to deny permits for crypto mining
18.10.2021
Crypto mining's environmental impact continues to raise concerns with regulators and businesses alike
Putin: Still Early but Crypto Can Be Used for Oil Trade Settlements, Store of Value
16.10.2021
Accusing the U.S. of undermining the dollar through money printing and sanctions policy, President Vladimir Putin has admitted that cryptocurrency can be utilized for settlements in the future, although it’s too early to do that in oil trade. While noting that it lacks backing, the Russian...
Canadian city plans to supply residents’ heat using Bitcoin mining
14.10.2021
The recovered energy will be used to heat 100 residential and commercial buildings in North Vancouver, with a population of roughly 155,000
Russia considers new energy tariffs as Chinese crypto miners relocate
14.10.2021
Russia’s Irkutsk region saw its energy consumption rates surge by 160% following China’s crackdown on crypto mining
Too early to talk about using crypto for oil trading, says Putin
14.10.2021
The Russian president has not excluded the possibility that, at some point, crypto will become a “means of accumulation.”
Ensuring a Greener Blockchain with DSC2021
14.10.2021
Greener Blockchain, Cleaner Crypto and Sustainable Energy Aligned with UAE 2030 Vision The growing consensus is that businesses must play a crucial role in combating climate change. Over the past four years, investments in digitization and sustainability have doubled, peaking at $40 trillion...
The OLED Switch Is Pretty Different On The Inside
13.10.2021
Of course, the biggest, most noticeable difference between the original Nintendo Switch and the new OLED Switch is the display, but there are quite a few changes inside the console’s plastic housing as well. Our friends at iFixit cracked open one of the latest models, discovering redesigned circuit...
NASDAQ-Listed HIVE Blockchain to Expand Data Center in New Brunswick, Canada With 40 Megawatts Capacity
12.10.2021
HIVE Blockchain is set to expand its data center campus in New Brunswick, Canada with 40 megawatts capacity. It is the first publicly-traded cryptocurrency miner, listing in Toronto on the Venture Exchange back in 2017 and added to NASDAQ in 2021. It mines both Bitcoin and Ethereum using 100% green...
Nevada-Based Bitcoin Mining Operation Cleanspark Purchases 4,500 Bitcoin Miners From Bitmain
12.10.2021
Cleanspark, a Nevada-based energy technology and clean bitcoin mining firm, has announced the purchase of 4,500 Bitmain-brand Antminer S19 bitcoin mining rigs. The company says the mining devices were purchased by leveraging a portion of the company’s bitcoin holdings. Cleanspark Purchases...