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How Big Hydro Power Partners With Bitcoin Miners to Prevent Energy Waste


We are often told that the verification of bitcoin transactions eats a lot of energy. The largely inaccurate comparison to a small country, the size of Ireland or Denmark, is evoked thanks to numerous clickbait headlines. What mainstream media fails to explain, however, is that bitcoin mining...

Bitcoin Mining Helps Oil Companies Reduce Carbon Footprint


Natural gas acquired as a byproduct of oil extraction has become synonymous with wasted energy. In certain areas, drilling companies are unable to find a profitable market for the excess fuel. It’s often vented into the atmosphere. Startups are now offering on-site systems that utilize...

Miners Flock to Iran Where Bitcoin Mining Is Set to Be Sanctioned


According to regional reports, the Central Bank of Iran (CBI) is planning to allow licensed cryptocurrency mining as long as operations are charged for electricity based on the price of export. The CBI governor, Abdol Nasser Hemmati, explained that mined cryptocurrencies should flow back into...

Shell Invests In Blockchain Startup That Uses The Tech For Energy Tracking


Blockchain technology is the latest and most disruptive innovation that has been unleashed on the tech scene over the past couple of years. While it is true that most people associate it with cryptocurrencies, it is important to note that the creation of cryptocurrencies is only a tiny part of...

Iranians Defy Warning and Share Pictures of Bitcoin Mining in Mosque


On Tuesday, the Iranian energy grid corporation Tavanir warned illegal bitcoin mining operations that they would be cut off from their supply. Following the announcement, pictures of a mining facility set up in a mosque went viral on social media. Also Read: Iranian Energy Grid Blames...

Iranian Energy Grid Blames 7% Consumption Increase on Bitcoin Miners


Mostafa Rajabi Mashhad, the spokesperson for Tavanir, an Iranian state-operated grid entity, has explained that electrical consumption has spiked by 7% in comparison to the previous year. Rajabi blames illegal cryptocurrency mining operations for the country’s increased electrical consumption...

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