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Up to 30% of Bitcoin Miners Close Shop as Business Turns Unprofitable After Halving
12.5.2020
About a third of Bitcoin (BTC) mining firms may already be switching off their machines as the business becomes unprofitable due to a reduction in mining rewards. The third Bitcoin halving – consummated earlier today – reduced supply of the pioneering cryptocurrency, cutting the bonus...
Europe’s Top Miners Share Local Industry Insights
10.5.2020
A study surveying reps from top EU mining firms found many believe regulations and protections offset higher electricity costs
IBM Teams With 3 European Power Grids to Build Green Energy Blockchain Platform
5.5.2020
IBM has created a new blockchain consortium with power grid operators TenneT, Swissgrid and Terna to help facilitate the transition to renewable energy
Chinese Kennel Owner Caught Stealing Electricity to Power Underground Bitcoin Mining Farm
29.4.2020
The largest oil field in the People’s Republic of China has been a target for individuals and organizations attempting to mine bitcoins with free electricity. After a bunch of mining farm operators allegedly got caught last summer, a dog kennel owner was recently busted for running cable...
Power Ledger Rolls Out Blockchain-Based Solar Energy Trading in Western Australia
22.4.2020
Power Ledger has just signed a deal with the largest medium-density residential developer in Perth to roll out its blockchain-based solar energy trading platform
New York Power Plant Sells Bitcoin Hashpower to Institutional Investors
10.4.2020
A New York mining facility has sold 106 petahash of computing power using a new, regulated instrument: a Bitcoin hashpower contract
Court Backs County for Electricity Price Hike Targeting Crypto Mining
14.3.2020
A Washington court has sided against six crypto mining entities who sued Grant County for upping the electricity prices it charged to “emerging industries” in 2018
Unibright to Pilot Blockchain-Based Renewable Energy Trading in Germany
10.3.2020
Unibright will provide its technology to Wasserkraft Mittelrhein in the roll-out of its “power-buoy” project
Analyst Claims 98% of Mining Rigs Fail to Verify Transactions
1.3.2020
Digiconomist’s founder has claimed the power expended in a single BTC transaction could power a British household for two months
For Crypto Miners, Bitcoin’s Halving Could Mean a Doubling in Costs
14.2.2020
To the operators of high-speed computers used to mine for bitcoin, the halving looks more like a doubling — of costs
3 Cents per kWh – Central Asia’s Cheap Electricity Entices Chinese Bitcoin Miners
12.2.2020
As tensions escalated between the U.S. and Iran in recent months, reports have detailed that Chinese bitcoin miners are looking to set up shop in Central Asia and more specifically in Kazakhstan and Uzbekistan. Last spring, Chinese bitcoin mining operations flocked to Iran for extremely affordable...
Iran Issues More Than 1,000 Cryptocurrency Mining Licenses
25.1.2020
The Iranian government has reportedly issued more than 1,000 licenses for cryptocurrency mining since it began regulating the industry. A number of large mining farms have set up in the country, but high electricity tariffs have kept many small investors away. Also read: Regulatory Roundup —...
Is Central Asia the New Safe Haven for Crypto Mining Amid Iran-US Crisis?
18.1.2020
With cheap electricity and friendly regulation, is Central Asia the new promised land for crypto miners?
Uzbekistan to Create National Mining Pool, Launch Licensed Exchange
16.1.2020
Establishing a “national mining pool” has been declared a priority in Uzbekistan. Miners who join the pool will enjoy lower electricity rates, announced the country’s agency overseeing the crypto industry. The Central Asian nation is also preparing to launch a licensed...
Power Ledger Integrates Blockchain-Based Energy Auditing in Solar Power Asset
13.1.2020
Power Ledger has purchased a 250 kW photovoltaic system to launch a blockchain-based data management and settlement system
This Company Sets Out to Prove Crypto Mining Has a Place in Your Home
9.1.2020
Hotmine, a company based in Ukraine which engineers home appliances for crypto enthusiasts, is not new to mining equipment development. But sometimes it takes the right time and the right technology to be able to create and offer solutions that consumers would be willing to buy and use. Thanks...
BTC’s Hashrate Touches 120 Exahash, But the Price Has Not Followed
3.1.2020
On January 1, the BTC network hashrate touched an all-time high at close to 120 exahash per second (EH/s). Despite the crypto market lull and lower BTC prices, the 2020 milestone happened just before the blockchain’s 11th anniversary. BTC’s curious jump in hashrate has the cryptosphere...
Authorities in Sichuan Go After Miners to Save Electricity in the Dry Season
28.12.2019
Regional authorities in the province of Sichuan are reportedly pressuring bitcoin miners to scale down operations amid electricity shortages during the dry season in Southwest China. A meeting has been scheduled with regulators, the state run grid operator and mining companies. Two hydropower...
Government of Abkhazia to Intensify Identification of Crypto Mining Farms
12.12.2019
Abkhazia looks to crack down on illegal cryptocurrency mining
Russia’s Power Grid Company Tests Blockhain for Power Meter Data
10.12.2019
Russia’s national power grid company Rosseti is testing a system for electricity bill payments based on a distributed ledger by Waves