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Nalezeno "Consumption": 285

US lawmakers appeal directly to 4 mining firms, requesting info on energy consumption

18.8.2022
Four members of the U.S. House Committee on Energy and Commerce said they were "deeply concerned" that Proof-of-Work mining could increase demand for fossil fuels

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

ReadON Completes $2M Seed Round to Build a Decentralized Content Distribution Platform

11.8.2022
PRESS RELEASE. ReadON (readon.me), a company that aims to provide users with a brand-new content consumption experience by utilizing blockchain, completed its seed investment round of $2M led by SevenX Ventures. Other investors included HashKey Capital, Foresight Ventures, Sky9 Capital, ArkStream...

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

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

US Personal Consumption Expenditures Tap Record Highs, Stanford Economist Says Fed Should Increase Rates Above 9%

31.7.2022
On July 29, the U.S. Bureau of Economic Analysis reported on America’s personal consumption expenditures (PCE) price index for the month of June, and the figure saw the largest 12-month increase since 1982. On the same day, Stanford University’s senior fellow at the Hoover Institution...

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

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

The Merge is Ethereum’s chance to take over Bitcoin, researcher says

24.7.2022
Ethereum's imminent transition to a proof-of-stake consensus mechanism will transform its monetary policy, potentially making ETH more scarce than Bitcoin

Leading Auction House Christie’s Launches Web3 and Fintech Venture Arm

19.7.2022
On Monday, Christie’s, the leading British auction house founded 256 years ago in 1766, announced the launch of a new venture fund called Christie’s Ventures. According to the announcement, the company’s venture arm plans to focus on “[Web3] innovation, art-related...

Sweden Needs Power for More Useful Things Than Bitcoin Mining, Energy Minister Says

18.7.2022
Concerned about projected increase in electricity demand, the government in Sweden may turn its back on crypto mining, the country’s energy minister has indicated. Swedish bitcoin minting industry, a leader in Europe, is likely to soon lose the preferential treatment it has been taking...

US lawmakers ask about EPA, DOE monitoring of crypto mining emissions, energy consumption

15.7.2022
U.S. legislators suspect cryptomining is “problematic” for energy use and emissions, while Paraguay is ready to give the crypto industry, including miners, incentives

ECB Calls for Urgent Regulation of Stablecoins and Defi, Won’t Rule Out Bitcoin Mining Ban

14.7.2022
A new report by the European Central Bank (ECB), presented as a “deep dive into crypto financial risks,” calls for “appropriate” regulation and oversight of stablecoins and decentralized finance (defi). It also addresses the hot topic of Bitcoin’s carbon footprint...

Bitcoin’s bottom might not be in, but miners say it ‘has always made gains over any 4-year period’

28.6.2022
To mine, or not to mine, that is the question. Professional Bitcoin miners discuss the nuance of BTC mining and whether now is a good time to get started

How blockchain can open up energy markets: EU DLT expert explains

23.6.2022
The main barrier to the wide adoption of DLT solutions by the energy system stakeholders is how energy markets are structured

Iran to Shut Down Crypto Mining Farms Amid Record High Power Demand

21.6.2022
Authorities in Iran plan to unplug licensed crypto mining facilities as electricity consumption in the country is reaching record highs. The mining farms will be cut off from the grid on Wednesday, the Islamic Republic’s Ministry of Energy announced. Legal Crypto Miners in Iran to Halt...