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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...

Resistance is futile! 3 reasons why Bitcoin mining will never go away

16.6.2022
Numerous governments have tried to ban Bitcoin mining, but data and insights from those in the mining industry suggest that this is easier said than done

Banking uses 56 times more energy than Bitcoin: Valuechain report

16.6.2022
Analysis of Bitcoin’s Proof of Work and the Lightning Network exposes the banking system as energy hungry, demonstrating that Bitcoin is better for the planet

Here’s how blockchains are helping to advance the global energy grid

10.6.2022
Governments and environmentalists are quick to criticize the amount of electricity Bitcoin mining uses, but investors’ growing interest in crypto is leading to positive steps in the energy sector

Bitcoin's real energy use questioned as Ethereum founder criticizes BTC

10.6.2022
A founding member of Ethereum has claimed that Bitcoin uses nearly 1% of the world’s electricity, but different sources put it substantially lower

Kazakhstan Makes $1.5 Million From Crypto Mining Sector in Q1

1.6.2022
The government of Kazakhstan has collected $1.5 million from crypto miners in the first quarter of this year, official data shows. The money comes from a fee charged on the electricity spent to mint digital currencies, which was introduced in January. Crypto Mining Increases Budget Revenues...

Crypto Miners Account for Over 2% of Electricity Consumption in Russia, Estimate Suggests

28.5.2022
The share of crypto miners in Russia’s power consumption structure already exceeds 2%, according to a new government estimate. On this backdrop, the country’s industry ministry believes it’s time to bring the sector out of the shadows and regulate it. Crypto Miners Burn More...

Authorities Seize Over 1,500 Crypto Mining Rigs in Dagestan Crackdown

15.5.2022
Law enforcement and other authorities in Dagestan have closed down two illegal crypto farms, confiscating more than 1,500 mining machines. Government agencies in the republic, considered one of Russia’s capitals of underground coin minting, carry out regular raids against such facilities....

Number of Busted Illegal Crypto Mining Farms in Iran Nears 7,000

14.5.2022
Authorities in Iran have shut down close to 7,000 unauthorized facilities for cryptocurrency mining in the past two years, local media revealed. According to a report, most of the illegal bitcoin farms were concentrated in five provinces of the Islamic Republic, including Tehran. Iran Continues...

Bitcoin mining in Norway gets the green light as the proposed ban rejected

13.5.2022
The proposal to ban Bitcoin mining in Norway was rejected in a vote by the Norwegian Parliament on May 10

Russia’s Anti-Monopoly Agency Proposes Higher Electricity Rates for Home Crypto Miners

7.5.2022
The anti-monopoly service of Russia has suggested that Russians minting digital currencies at their homes should pay more for the spent electrical energy. The proposal comes after the submission of a bill tailored to regulate cryptocurrency mining to the Russian parliament. Russian Miners Using...

Kazakhstan ramps up power consumption reporting requirements for crypto miners

5.5.2022
Cryptocurrency mining companies will be required to submit comprehensive information about their operations as the country tries to reign in electricity consumption

Turnt Gaming: Revolutionizing Content Consumption with the First Engage-to-Earn NFT Fighting Game

29.4.2022
Turnt Gaming is creating the world’s first engage-to-earn NFT fighting game simulator Taunt Battleworld. The game was designed as a collaborative effort, bringing seasoned creators from the gaming industry together. The names behind the project have experience at EA, Unity, and other gaming...

Mining Report Shows Bitcoin’s Electricity Consumption Decreased by 25% in Q1 2022

27.4.2022
At the end of May last year, Tesla’s Elon Musk convinced bitcoin industry leaders to form a Bitcoin Mining Council (BMC) and in mid-July, the BMC launched its public services and website. On April 25, 2022, the organization published a report that discusses the bitcoin mining...

US lawmakers sound alarm to EPA over environment concerns of crypto mining

21.4.2022
In addition to air and water pollution as a result of energy production, the lawmakers pointed to electronic waste from mining rigs, and noise pollution in surrounding communities

Kazakhstan to Increase Tax for Miners, Considers Tying Levy to Crypto Prices

15.4.2022
The government of Kazakhstan is preparing to increase the tax burden for cryptocurrency miners and intends to tie the new rate to the value of the minted cryptocurrency. The authorities in Nur-Sultan believe that such an approach would have a positive effect on the state budget. Miners...