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Electricity Consumption of Russian Crypto Miners Spikes 20 Times in 5 Years, Research Finds
18.8.2022
Power needs of cryptocurrency miners in Russia have grown significantly since 2017, with consumption of electrical energy seeing a 20-fold increase over the five-year period. In 2021, the minting of the coin with the largest market cap, bitcoin, required 1.25 gigawatts in the country. Experts...
'There's a lot less land to go around' — why White Rock established off-the-grid mining in Texas
17.8.2022
“The U.S. is where the action is in terms of markets, so we plan to be in at least another couple of states as well as Texas with some diversified offering," said CEO Andy Long
What Bear Market? Canada’s Largest Blockchain Conference Beamed With Bullish Energy
12.8.2022
The main takeaway was that spirits are high despite the crypto winter, and that there is a lot to look forward to in the blockchain space
Bitcoin Mining Operations Continue to Expand Amid the Crypto Winter, While Converting ‘Wasted Gas to Energy at Scale’
12.8.2022
The bitcoin mining industry continues to expand as companies are obtaining more megawatts of capacity, building new facilities, and acquiring thousands of application-specific integrated circuit (ASIC) mining rigs. On Friday, the firm Validus Power revealed it has acquired two natural gas power...
Energy Web Token Jumps 25% After BlackRock Gives Decarbonization Project a Shoutout
11.8.2022
The low cap alt coin rallied after Energy Web appeared in a BlackRock press release
Genesis Digital Locks In 708 MW of Energy for Bitcoin Mining
11.8.2022
The power capacity is spread across sites in west Texas, as well as North and South Carolina
Landfill Gas Mitigation Firm Vespene Energy Secures $4.3M to Bolster Gas-to-Bitcoin Solutions
11.8.2022
On August 9, a firm that uses landfill methane to fuel bitcoin miners, Vespene Energy, announced the company has raised $4.3 million in a funding round led by Polychain Capital. Vespene aims to use the funds for its pilot in California by using landfill methane to mine bitcoin and “mitigate...
CleanSpark Raises Year-End Hashrate Guidance, Sets 2023 Outlook
9.8.2022
The miner noted a $29.3 million loss for the fiscal quarter, driven by the reclassification of its energy assets
Renewable Energy Company Closes $4.3M Capital Round to Convert Landfill Methane Into Bitcoin
9.8.2022
Vespene Energy’s first funding round was led by Polychain Capital
Australia-based crypto miner doubles hash rate after energizing Canadian rigs
8.8.2022
Daniel Roberts, Iris Energy co-founder, said the firm had energized the facility on time “despite the current market backdrop and ongoing international supply chain challenges.”
Bitcoin likely to transition to a risk-off asset in H2 2022, says Bloomberg analyst
8.8.2022
As the global economy moves into a recession in the second half of 2002, Bitcoin will likely rally alongside gold and treasury bonds, according to Mike McGlone, a senior commodity strategist at Bloomberg
Iris Energy Turns On 41 Megawatts of Bitcoin Mining Machines Ahead of Schedule
8.8.2022
The firm will be adding another 50MW by the end of next month, bringing its total hashrate to 3.7 EH/s
Core Scientific increased Bitcoin production by 10% in July amid Texas power cuts
5.8.2022
The mining firm reported it “completely powered-down its Texas data center operations on several occasions” in July to support the state's power grid operator
Kosovo Renews Crypto Mining Ban Amid Rising Energy Prices
5.8.2022
The government of Kosovo has adopted measures tailored to maintain energy supply in the coming months, including a ban on cryptocurrency mining. The move comes amid a sharp increase in import prices and the restrictions can be extended for up to six months. Authorities in Kosovo Reinstate Ban...
Crypto firms failed to deliver 'promised benefits' from lawmaker-backed incentives, says nonprofit
4.8.2022
“At a minimum, the public should have a say in these crypto handouts," said the Tech Transparency Project
National Power Administration Will Propose a Special Cryptocurrency Mining Fee in Paraguay
4.8.2022
The National Power Administration of Paraguay has proposed to set a special mining fee for cryptocurrency mining operations in a decree project directed to the national economic team. Due to the immense losses the organization has faced, it has stopped supplying energy to some mining operations...
Will the Bitcoin mining industry collapse? Analysts explain why crisis is really opportunity
29.7.2022
Many BTC miners are in a tough spot and a few could collapse, but experts say the industry is here to stay
Iran Amends Regulations to Ease Crypto Miners’ Access to Renewable Energy
29.7.2022
Authorities in Iran have revised some rules for the crypto mining industry in order to facilitate its access to green power. Licensed miners will now be able to purchase electricity produced from renewable sources from across the country at lower rates. Cryptocurrency Miners in Iran Allowed...
Bitcoin mining to harness onsite natural gas emissions: Ark Invest
26.7.2022
A new report reveals an angle for sustainability in Bitcoin mining through harnessing onsite natural gas emissions
How blockchain can address Austria’s energy crisis
25.7.2022
In the future, energy communities should make a greater contribution to the energy transition