Bitcoin Energy Consumption Is Far More Efficient and Greener Than Today’s Banking System
While bitcoin and a variety of digital currencies have swelled in value, a number of critics have spread fear, uncertainty, and doubt (FUD) in regard to the energy consumption...
Chinese Miners Migrate to Nordic Regions, Mining Exec Says Hashrate Migration One of the...
China has the largest concentration of bitcoin miners worldwide with estimates noting the country captures anywhere between 50-65% of the global hashrate. Xinjiang, the autonomous region of the People’s...
Japanese IT Giant Fujitsu Completes Test of Blockchain Electricity Sharing Project
The trial scheme involved increasing efficiency of a power...
Crypto Mining Could Bring Russia $1B in Taxes, Report Suggests
Using its excess energy generating capacity to mine cryptocurrencies, Russia can increase its budget receipts by more than $1 billion dollars in annual tax revenue. The estimate comes from...
9 Crypto Firms Sue Washington State Utility Over 50 Percent Rate Hike
A major utility in the U.S. state of Washington, Grant County public utility district, and its commissioners are facing a lawsuit filed by nine cryptocurrency firms. The suit alleges...
Government of Abkhazia Cuts Off Power to 15 Cryptocurrency Mining Facilities
The government of Abkhazia has cut off power to...
Abkhazia Temporarily Shuts Down 15 Mining Farms
Authorities in Abkhazia have cut off 15 mining facilities from the territory’s electrical grid. The short-term measure is meant to alleviate power shortages during the cold winter months. The...
Two Mining Companies Among Georgia’s Major Electricity Consumers
Two companies mining cryptocurrencies have topped a list of the largest consumers of electricity in Georgia. In this crypto-friendly nation, however, that’s not necessarily a sin or a disadvantage....
Iranians Still Profiting From Bitcoin Mining Despite Market Crash and US Sanctions
Iranians who are turning to Bitcoin mining due to...
