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Paraguay seeks to mitigate energy losses due to illegal crypto mining
Illegal cryptocurrency mining has become a significant issue in Paraguay, prompting concern among energy regulators. According to the National Electricity Administration (ANDE), this illegal activity is primarily responsible for rising electrical losses, which have now surpassed 28%. дальше »
2024-12-11 19:05 | |
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Thai authorities bust illegal Bitcoin mining rigs, charge two over $280k theft: report
Thailand charges two for stealing over $280,000 in electricity for illegal Bitcoin mining. Thai authorities have cracked down on illegal Bitcoin (BTC) mining operations, shutting down nine illicit sites and arresting two suspects on charges of electricity theft, valued at… дальше »
2024-11-13 13:38 | |
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Largest European Telecom Begins Bitcoin Mining Using Excess Energy
Deutsche Telekom, Europe’s largest telecommunications provider, has announced a pioneering pilot project to operate Bitcoin mining infrastructure using surplus renewable energy. The initiative is a collaboration between Deutsche Telekom subsidiary MMS and Bankhaus Metzler, aiming to utilize excess electricity that would otherwise remain unused due to grid limitations or lack of storage solutions. Deutsche Telekom […] дальше »
2024-11-5 03:00 | |
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Russia to Temporarily Halt Crypto Mining in Certain Areas, Cites Electrical Grid Concerns
Russia to temporarily ban crypto mining in select regions over electricity deficits, while still promoting crypto for cross-border payments. The post Russia to Temporarily Halt Crypto Mining in Certain Areas, Cites Electrical Grid Concerns appeared first on BeInCrypto. дальше »
2024-10-31 11:00 | |
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BCHMiner helps you earn $5,000 a day, here’s how!
Traditional mining of cryptocurrencies requires powerful computing power and specialized hardware. Early miners faced daunting challenges: expensive electricity bills, intensive traditional hardware fThe post BCHMiner helps you earn $5,000 a day, here’s how! appeared first on AMBCrypto. дальше »
2024-10-30 15:45 | |
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Russia to ban Bitcoin mining in key regions due to electricity deficit
Cryptocurrency mining will soon be banned in certain regions of Russia due to electricity shortages, per Deputy Energy Minister Evgeny Grabchak. Russia will soon prohibit Bitcoin (BTC) mining in several regions due to a critical electricity shortage, Russia’s state news… дальше »
2024-10-30 13:50 | |
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$100 Million Loss: Malaysian Electric Company Hit Hard By Illegal Bitcoin Mining
Bitcoin mining, a complex activity that requires adding data to the blockchain, has been the subject of complaints. While it’s arguably a lucrative trade for some, it impacts the local electricity grid. дальше »
2024-10-27 10:00 | |
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Illegal Bitcoin mining costs Malaysian electricity company over $100m
Malaysia’s national electricity provider, Tenaga Nasional Berhad, has reported losses exceeding 440 million ringgit (about $101 million) due to electricity theft linked to illegal Bitcoin mining activities. дальше »
2024-10-26 20:49 | |
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Bitcoin’s halving upending global solo-mining profitability
The cost of mining one Bitcoin drastically changed after April’s halving, while eight countries with affordable electricity have already banned BTC mining. Mining Bitcoin (BTC) was once a cash cow for early individual adopters, but not since the halving earlier… дальше »
2024-10-5 21:40 | |
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Ukraine’s cryptocurrency mining strains energy infrastructure amid Russia conflict
Ukraine remains a leading global player in cryptocurrency adoption, even as it grapples with the ongoing conflict with Russia. A recent report by OSINT agency Molfar reveals the impact of the country’s booming crypto-mining industry on its already strained electricity infrastructure. дальше »
2024-9-19 22:06 | |
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Mining is thriving despite everything: How is it affecting Ukraine’s electricity system?
Ukraine remains among the top countries in terms of cryptocurrency adoption. How does mining work in the country during the current conflict with Russia? Analysts at the OSINT agency Molfar collected data from July 2023 to June 2024 using various… дальше »
2024-9-18 17:46 | |
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Bitcoin Mining Shutdown Cause 20% Surge in Electricity Bills
The shutdown of a Bitcoin mining facility in Norway caused a 20% increase in electricity bills for the town's residents. The loss of the mining operation's revenue forced the local power company to raise rates to offset costs. дальше »
2024-9-16 16:26 | |
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Bitcoin Mining Halt Triggers 20% Electricity Price Surge in Norwegian City
Experts argue that this rise in energy bills highlights how Bitcoin mining can contribute to lower overall energy costs by distributing fixed grid expenses across a broader user base. The post Bitcoin Mining Halt Triggers 20% Electricity Price Surge in Norwegian City appeared first on BeInCrypto. дальше »
2024-9-15 18:30 | |
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Texas sees a 31% rise in Bitcoin mining energy use paired with an 80% drop in electricity prices
Quick Take One of the most persistent misconceptions about Bitcoin is the belief that mining harms the environment. While it’s true that Bitcoin mining requires substantial energy, this energy consumption is crucial for maintaining the network’s security. дальше »
2024-8-30 17:15 | |
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Thailand raids illegal Bitcoin mine after frequent power outages
Thai authorities raided an illegal Bitcoin mining operation in Ratchaburi, a town west of Bangkok, following reports of frequent blackouts over the past month. According to AFP reports, the raid, carried out by the Provincial Electricity Authorities and local police,… дальше »
2024-8-26 17:53 | |
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Iran's crypto-mining crackdown - Why is the country offering bounties now?
A major heatwave has worsened the electricity crisis in Iran Mining activities have historically allowed the country to mitigate effects of international sanctions Iran is intensifying its cThe post Iran's crypto-mining crackdown - Why is the country offering bounties now? appeared first on AMBCrypto. дальше »
2024-8-17 03:30 | |
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Iran offers $20 to report on shady crypto miners amid ongoing power crisis
Iran has started offering $20 rewards to report illegal crypto miners amid severe power shortages disrupting the country’s electricity grid. Iran is now offering rewards of $20 to the public for reporting illegal crypto mining activities as the country faces… дальше »
2024-8-15 13:17 | |
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'China's going to have it' - Donald Trump crypto stance, finally explained
Trump has set his sights on China as the global crypto competition intensifies. China may reenter the crypto space due to its advantages in hardware and electricity. Former President Donald The post 'China's going to have it' - Donald Trump crypto stance, finally explained appeared first on AMBCrypto. дальше »
2024-7-25 07:00 | |
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Malaysia lost over $755m due to illegal Bitcoin mining since 2018: report
Malaysia’s largest electricity utility says it lost over $755 million due to illicit Bitcoin mining activities starting from 2018, significantly impacting the country’s energy sector. Tenaga Nasional Berhad (TNB), the largest electricity utility company in Malaysia, lost RM3.4 billion (over… дальше »
2024-7-10 13:06 | |
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Discover the 5 Ultimate Bitcoin Mining Platforms – Skyrocket your income with the best in the industry
Many people find Bitcoin mining in the cryptocurrency business an attractive way to earn passive income. However, mining in the traditional sense requires a lot of electricity and expensive equipment. дальше »
2024-7-4 00:00 | |
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How to easily mine BTC as passive income: Choose MAR Mining
As more players enter the cryptocurrency market, mining becomes more complex and requires more computing power. Mining is becoming increasingly complex due to high electricity bills and wear and tear The post How to easily mine BTC as passive income: Choose MAR Mining appeared first on AMBCrypto. дальше »
2024-6-18 17:00 | |
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Texas wants to use bitcoin miners for grid stability as power demand soars
The Electricity Reliability Council of Texas (ERCOT) is considering integrating Bitcoin miners as Controllable Load Resources (CLRs) to enhance grid stability. During a Texas Senate Business & Commerce Committee hearing, ERCOT CEO Pablo Vegas emphasized that classifying more Bitcoin miners as CLRs would improve the reliability of the state’s power grid. дальше »
2024-6-13 13:49 | |
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LFG Learnings Report: Digital Asset Computing Is an Economically Viable Approach to Reducing Landfill Methane Emissions
A new report on the successful pilot project by Marathon Digital Holdings and Nodal Power to prevent the flaring of methane at a landfill by converting it into electricity to power a digital asset data center. дальше »
2024-6-13 23:05 | |
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From Sun to NFT: Building Your Own Solar Power Plant with Clean Energy through NFTs
SunContract is a global energy marketplace connecting electricity consumers with renewable energy producers. SunContract’s NFT marketplace, linked to real-world solar panels, is at the forefront of introducing this innovative concept. дальше »
2024-4-18 07:40 | |
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How to make passive income from home? Use Simple Miner – make passive income higher than your monthly income
Traditional cryptocurrency mining methods often require expensive computers and consume large amounts of electricity, which also makes maintenance and profitability difficult. Beginners may prefer cloud-based software that does not require mining equipment and programs designed for more basic CPU and GPU mining. дальше »
2024-4-16 14:33 | |
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SimpleMiners Using User-Friendly Solutions to Revolutionize Crypto Mining
Conventional cryptocurrency mining methods can be quite costly in terms of expensive computer equipment and the substantial electricity consumption involved. This can pose challenges when it comes to maintenance and ensuring profitability. дальше »
2024-4-15 17:51 | |
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British Columbia cracks down on crypto miners, citing energy consumption
The Canadian government of British Columbia is advancing measures to regulate electricity consumption by cryptocurrency miners due to concerns about high energy use and limited economic benefits. On April 11, Josie Osborne, Minister of Energy, Mines and Low Carbon Innovation,… дальше »
2024-4-12 14:14 | |
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Biden Government Proposes 30% Electricity Tax for Miners, Citing Environmental Concerns
The Biden government proposes a 30% tax on crypto mining's electricity use, facing industry backlash and raising questions on future digital currency regulation. The post Biden Government Proposes 30% Electricity Tax for Miners, Citing Environmental Concerns appeared first on BeInCrypto. дальше »
2024-3-12 13:02 | |
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Biden’s budget revives 30% tax on crypto mining to broaden digital asset tax base
United States President Joe Biden has put forward a proposal in his next year’s budget to impose a 30% tax on the electricity consumption of cryptocurrency mining operations. The proposal is part of the “Fiscal Year 2025 Revenue Proposals,” aiming… дальше »
2024-3-12 12:39 | |
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BlockDAG Edges Out BNB and Ethereum-based Kelexo in Best Energy-Efficient Blockchains
Cryptocurrency mining and artificial intelligence (AI) models have increased data centre density, which has resulted in increased energy consumption and greenhouse gas (GHG) emissions. According to a report by the International Energy Agency (IEA), AI training and crypto mining may push data centres to double their electricity usage by 2026. In mitigation, many crypto tokens […] дальше »
2024-2-16 15:42 | |
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Bitcoin Power Upgrade Scandal: YouTuber Under Fire For Alleged Bribery In Mining Scheme
According to recent reports, a crypto YouTuber and his former girlfriend face serious allegations in a recent lawsuit filed by a Minnesota power company. The lawsuit alleges that the couple attempted to bribe employees to upgrade a Bitcoin (BTC) mine that was allegedly stealing a significant amount of electricity. Accused Of Power Theft To Fuel […] дальше »
2023-12-5 07:00 | |
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Bitcoin price and energy use for mining highly correlated: UN report
UN scientists evaluated the activities of 76 Bitcoin mining nations during the 2020–2021 period and found that the global BTC mining network consumed 173.42 TW/hs of electricity. дальше »
2023-10-31 13:41 | |
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Crypto Mining Blamed for Record UK Electricity Theft
Electricity theft in the UK has risen by over 75% since 2012, largely due to crypto mining and cannabis farming, with a significant increase following the first COVID-19 lockdown. The post Crypto Mining Blamed for Record UK Electricity Theft appeared first on BeInCrypto. дальше »
2023-9-30 20:15 | |
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