2019-9-29 23:49 |
The government of Uzbekistan orders a 300% increase on electricity tariffs for cryptocurrency miners
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A man named Denis Baykov has been fined 450,000 rubles ($7,000) by Russian authorities after illegally mining Bitcoin (BTC) by using electricity from an old Russian nuclear warhead facility at Sarov, a small town in western Russia.
2019-9-29 15:20 | |
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Uzbekistan has time and again proved that it is a crypto-friendly country by legalizing cryptocurrency exchanges and funding several blockchain and cryptocurrency-related projects. However, the country’s recent update has taken a toll on cryptocurrency miners.
2019-9-29 10:00 | |
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Top News Stories from July July 1 Islamic Republic of Iran Broadcasting (IRIB) claims that the local government has seized more than 1,000 bitcoin mining devices from two separate mining farms in the country.
2019-8-3 04:12 | |
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Cryptocurrency mining farms have been booming in Iran due to its low electricity costs. According to a research conducted by Elite Fixtures, it only costs $3,217 to mine Bitcoin in the Islamic nation using specialized mining hardware, such as the AntMiner S9, the AntMiner S7, and the Avalon 6.
2019-7-23 13:51 | |
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The government of Iran has opted to introduce specific electricity prices for cryptocurrency mining. The west Asian country, which has had a complicated relationship with cryptocurrency in the past, plans to set prices around the same tariffs that are used for exporting electricity.
2019-7-22 15:32 | |
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Abdol Nasser Hemmati, the governor of the Central Bank of Iran (CBI), announced yesterday that the government plans to authorise the mining of digital assets in the nation. However, those running computer systems to profit from their support of cryptocurrency networks will be charged for electricity at the country’s export price rather than the cheaper,.
2019-7-12 00:00 | |
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Clever bitcoin miners in Iran are setting up shop in local mosques to swerve costly electricity bills, but the Government are hot on their heels. Photo Purports To Show Mosque Miners As social media users and the local press report this week, around one hundred miners are now participating in the Bitcoin network from local mosques.
2019-6-28 17:00 | |
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Blockchain Business Model In Kazakhstan The main goal of the Facite investment project is to develop the financial and economic environment in Kazakhstan using blockchain technology. The Facite Foundation built and operates a mining center in Pavlodar, Kazakhstan based on geographical conditions, government policies, and electricity schemes for the mining industry.
2019-5-16 06:03 | |
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On April 24, 2019, the first bitcoin ATM in the Islamic Republic of Iran was revealed at the 12th International Exhibition of Exchange, Bank and Insurance in Tehran.
2019-4-27 21:31 | |
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Many Chinese bitcoin miners migrated to Iran in 2018 for its cheap electricity amid China’s crackdown on crypto mining. However, they’re finding the harsh environment in the authoritarian regime unwelcoming.
2019-4-11 14:55 | |
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This article was originally published by 8btc and written by Lylian Teng. Many Chinese cryptominers have migrated to places with cheap electricity and favorable policies as a result of the escalated government crackdown on cryptocurrency and its production process.
2019-4-11 23:38 | |
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Bitcoin use in Venezuela took a hit this week after a persisting electricity blackout appeared to limit the ability of users to transact. Bitcoin Trades Drop 40 Percent That was the conclusion of some cryptocurrency commentators as data showed weekly trade volumes on P2P platform Localbitcoins fell by 40 percent in the week ending March 9.
2019-3-15 04:00 | |
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A unique characteristic of many upstate New York cities is their low energy rates. Hydroelectric dams along the St. Lawrence river give residents electricity so cheap that many even heat their homes with it.
2019-3-13 03:00 | |
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Blockchain firm Bitfury will develop a bitcoin mining center in Paraguay. The new mining operation is in partnership with Seoul-based research and development firm Commons Foundation.
2019-2-8 23:32 | |
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Whenever I claim that bitcoin is the only decentralized cryptocurrency, I get one of two arguments:My X coin is also decentralized. Bitcoin isn’t decentralized because of Core and/or miners.
2019-1-21 21:52 | |
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Hive Blockchain Technologies has published an update regarding the company’s response to the Norwegian Parliament’s recent approval of a legislative bill that will restrict cryptocurrency miners from accessing the tax relief on electricity consumption available to other power-intensive industries.
2019-1-2 12:35 | |
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The government of the Republic of Abkhazia has cut power to 15 crypto mining farms amid concerns over electricity consumption
2019-1-2 03:55 | |
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When it comes to bitcoin mining, Canada is a natural. A temperate climate helps to keep mining equipment cool, and plentiful renewable energy from hydroelectric dams gives Canadian provinces like British Columbia a natural advantage with cheaper electricity costs.
2018-12-22 21:41 | |
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The Norwegian Government recently multiplied the electricity tax rate for data centers extracting cryptocurrencies as they believe that the cryptocurrency industry generates very little value and jobs for the nation.
2018-11-29 16:00 | |
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A giant mining initiative sponsored by the government of Paraguay should quell fears the current Bitcoin price lows hurt the profitability of the practice. Golden Goose Will Have 15 Years’ ‘Guaranteed’ Power In a press release November 18, Korean Blockchain startup Commons Foundation confirmed authorities had “guaranteed” electricity for the Golden Goose project, which it says will be “the world’s largest cryptocurrency mining center and global exchange.
2018-11-26 14:00 | |
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According to a report published by Norway’s largest distributed newspaper Aftenposten to November 21, 2018, the Scandinavian country’s government has decided to do away with electricity subsidy provided to bitcoin mining entities.
2018-11-24 15:00 | |
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The Norwegian government has scrapped a subsidy on electricity tax for cryptocurrency miners in its state budget, a report says.
2018-11-22 17:35 | |
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Having banned the exchanges where cryptocurrencies like Bitcoin are traded, the Chinese government is now cracking down on the plants where such currencies are mined. The Yingjiang Administration Bureau for Industry and Commerce, which enforces enterprises and consumer protection laws, issued a notification to the Bitcoin mining facilities operating in China’s Yunnan province.
2018-11-13 13:00 | |
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As the CEO of Hut 8, one of North America’s largest cryptocurrency miners and the world’s largest publicly traded cryptocurrency miner, I’m often asked questions about energy consumption in the mining of cryptocurrency.
2018-11-1 23:35 | |
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The Financial Crimes Enforcement Network has warned U. S financial institutions that the Iranian government might be dodging economic sanctions by using cryptocurrencies. The document highlights challenges arising from peer-to-peer virtual currency exchanges and encourages banks to monitor blockchain ledgers for transactions tied to the country.
2018-10-15 15:35 | |
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After helping Ugandans to become their banks and seamlessly carry out daily financial transactions like purchasing mobile airtime, paying electricity bills and more, without having to pay exorbitant banking fees, the creators of DALA, an Ethereum-based ERC-20 token, are now partnering with the Ugandan government and other local firms to develop a blockchain-powered renewable energy economy, reported TechCrunch on October.
2018-10-4 11:00 | |
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The French-Canadian province has quickly become a cryptocurrency mining hotspot due to the naturally cold weather and cheap electricity. However, the industry might be seriously impacted following today’s local parliamentary elections.
2018-10-1 22:00 | |
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Thai officials have drafted new regulations which demand that producers of electricity who use blockchain should be charged additional fees. Regulators within the government fear that an explosion in independent power generation could lead to a reduction in revenues.
2018-9-9 20:00 | |
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The government of Bahrain has highlighted that blockchain technology could be critical when it comes to improving the financial standpoint of the country. Local news sources suggest that Bahrain is investigating how blockchain could fulfil a number of roles within the economic sector, as well as considering the use of the technology for cyber-security methods.
2018-9-7 11:30 | |
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A Bahraini minister has called on companies and individuals in the country to adopt blockchain technology. According to the minister, this would go a long way in developing the country and combating cyber-crime.
2018-9-7 02:03 | |
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In a message on GEAR Token’s website, iconic political talk show host Larry King says that global climate change is threatening humanity’s existence and is “a potentially catastrophic issue from the combustion of fossil fuels .
2018-8-13 18:08 | |
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After five long months of working with South Carolina officials, Genesis Mining has been dropped from the cease and desist order it received back in March 2018 from the South Carolina Securities Division.
2018-7-28 02:37 | |
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Mining Tempers are flaring in Quebec, as its climate and relatively cheap electricity have made it a magnet for the burgeoning cryptocurrency mining industry. The provincial government and its energy concern, Hydro-Quebec, have been accused of playing favorites to the likes of mining giants such as Bitmain. Quebec Mining Drama Continues and So Does Debate
2018-7-6 19:03 | |
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Tempers are flaring in Quebec, as its climate and relatively cheap electricity have made it a magnet for the burgeoning cryptocurrency mining industry. The provincial government and its energy concern, Hydro-Quebec, have been accused of playing favorites to the likes of mining giants such as Bitmain.
2018-7-6 16:50 | |
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The new regime seeks to allocate up to 500 megawatts, in addition to 120 megawatts of already existing initiatives. The starting rate is reportedly 1 Canadian cent ($0. 0075) per kilowatt hour, which is 20 percent above the industry standard price.
2018-6-22 07:06 | |
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The US Department of Energy (DOE) and Energy Information Administration (EIA) have scrapped their emergency survey of Bitcoin mining’s power usage following a lawsuit from industry groups, Reuters and other news outlets reported.
As both artificial intelligence and cryptocurrency gain traction in several aspects of our lives, their escalating energy demands have become a critical issue. Like all technologies that improve our quality of life at the cost of using resources, generative AI and cryptocurrencies—Bitcoin (BTC) in particular—have already produced tremendous value while consuming tremendous amounts of energy.
Investing in assets "outside of the traditional financial system” is the only way to preserve one’s wealth, according to the former BitMEX CEO.
A Singapore-based fund manager will purchase Mawson Infrastructure Group's Texas subsidiary and said it will participate in the state energy grid’s load response program.
Core Scientific had stopped paying Priority Power Management in May 2022.
Pow.re is one of the few companies building out 100 MW of mining in the South American country.
The state's congress will vote next on the bill, which protects bitcoin miners from utility rate hikes and measures by local governments.
