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1.5M houses could be powered by the energy Texas miners returned
6.1.2023
Bitcoin miners appeared to be the model consumers for the ancillary services in the state
Germany’s 2022 Inflation Rate the Worst in More Than 30 Years
5.1.2023
In a year that was characterized by surging energy and food prices, Germany’s average inflation rate in 2022 rose to 7.9% up from the 3.1% seen in 2021. Russia’s invasion of Ukraine, as well as the supply bottlenecks resulting from the war, are said to be among the factors that helped...
Reviewing El Salvador’s Bukele Predictions for 2022: What Went Wrong?
2.1.2023
Nayib Bukele, president of El Salvador and die-hard Bitcoin enthusiast, formulated a series of predictions about the behavior of bitcoin and the crypto ecosystem for the past year. These included the top price of bitcoin, the influence of the cryptocurrency on U.S. elections, the issuance of...
Top 3 Macroeconomic Events to Watch in 2023 Amid Volatile Market Conditions
1.1.2023
2022 was a tough year for crypto assets, and as the world welcomes 2023, the macroeconomic backdrop remains uncertain. Macroeconomic events will continue to shape the crypto economy and the economy as a whole. This editorial takes a look at the top three macroeconomic events to keep an eye on...
Amid High Energy Demand From Miners, Russia Mulls Building New Power Plants in Siberia
1.1.2023
Growing electricity consumption in the crypto mining sector may require the construction of new power generation facilities in Siberia, the energy minister of Russia has acknowledged. Demand continues to increase in residential areas as well, after regional authorities abandoned a proposal...
5 altcoin projects that made a real difference in 2022
27.12.2022
2022 was tough on crypto prices, but ETH, LDO, MATIC, DAI and ATOM all made a positive impact on the industry
British Columbia to halt new power connections for crypto miners
22.12.2022
British Columbia has cited prioritizing clean energy and job creation as the main reasons for suspending cryptocurrency mining operations
Bitcoin Miner Greenidge Enters Non-Binding Debt Restructuring Deal With NYDIG
20.12.2022
The bitcoin mining operation Greenidge Generation Holdings Inc. has executed a restructuring deal with NYDIG, according to an announcement published on Tuesday. According to the non-binding term sheet agreement, NYDIG will obtain 2.8 exahash per second (EH/s) of Greenidge’s mining capacity...
Today in Crypto: OKX Chain Launches Liquid Staking, South Korea Freezes $93.4M in Terra-related Assets, Central African Republic to List Sango in 2023
20.12.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: OKX Chain Launches Liquid Staking, South Korea Freezes $93.4M in Terra-related Assets, Central African...
Russia Cracking Down on Crypto Miners Minting in Residential Areas
14.12.2022
Russian authorities are now prosecuting miners extracting cryptocurrency using subsidized electricity for the population, according to a top official from the energy ministry. Power utilities are detecting their increased consumption and trying to make them pay at commercial rates. Amateur Crypto...
Decentralized solutions for climate change are key as COP disappoints
13.12.2022
Climate change initiatives led by politicians and sponsored by some of the biggest polluters demand a change in initiatives — Decentralized tech could play a key role
Crypto Mining Investments in Cuba Have Been Severely Impacted by Constant Power Blackouts
12.12.2022
Repeated blackouts in several parts of Cuba have reportedly made operating cryptocurrency mining rigs impossible - and mining unsustainable.
Many Cubans have lost thousands of dollars that they had invested in crypto mining equipment and graphics cards, according to a report by CubaNet....
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Massachusetts Senator Forwards Bill Aimed at Forcing Crypto Miners to Report Greenhouse Gas Emissions
9.12.2022
On Dec. 8, 2022, three Democratic politicians from Massachusetts, Oregon, and California revealed legislation aimed at combatting “energy-intensive” cryptocurrency mining operations. The bill introduced by senator Ed Markey (D-MA) alleges that crypto mining “strains...
US lawmakers introduce bill aimed at reporting on crypto miners' potential environmental impact
8.12.2022
The Crypto-Asset Environmental Transparency Act would instruct the Environmental Protection Agency to report on crypto mining activity consuming more than 5 megawatts
Russia Expects Sizable Increase in Crypto Miners’ Share of Power Usage
8.12.2022
The crypto mining industry may see a two-fold increase in its share of Russia’s power consumption in 2022, according to a high-ranking official from the Ministry of Energy. The department supports a bill designed to regulate the sector which is likely to be adopted this year. Russian Energy...
Applied Direct Response — ERCOT Study Shows Bitcoin Mining Is Beneficial to the Texas Grid
3.12.2022
On Nov. 29, 2022, The Electric Reliability Council of Texas (ERCOT) published a report on seasonal assessment and resource adequacy for the ERCOT region. ERCOT’s study indicates that bitcoin mining operations are flexible operations that can be beneficial to the Texas grid during the upcoming...
Manitoba Halts New Crypto Mining Projects Due to Expected High Energy Demand
1.12.2022
Authorities in Manitoba are temporarily suspending the connection of new crypto mining facilities to the power grid. The Canadian province, which relies heavily on hydroelectric generation and attracts miners with low electricity rates, fears it may face overwhelming energy demand. Manitoba...
New York Governor Signs Law Partially Banning Bitcoin Mining on Fossil Fuels
23.11.2022
A moratorium on some crypto mining operations relying on carbon-based energy has been signed into law in New York. Businesses engaged in proof-of-work mining in the state will not be able to expand or renew their permits for the next two years as a result of the ban, which is likely to have...
Greenpeace: Bitcoin Is ‘Falling Behind’ in the Battle Against Climate Change
22.11.2022
Greenpeace, the international, environment-conscious non-governmental organization (NGO), has criticized the lack of action that Bitcoin-related groups have adopted in the battle against climate change. Rolf Skar, of Greenpeace USA, stated that Bitcoin was “falling behind” on this...
Iris Energy to cut mining hardware after defaulting on $108M loan
22.11.2022
The Australian mining firm has had to unplug hardware that was producing "insufficient cash flow" to service its "debt financing obligations."