2018-11-27 23:40 |
Come the new year, cryptocurrency mining outfits in the Scandinavian country must pay regular electricity taxes.
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Cryptocurrency mining surf a large quantity of electricity. And since the crypto industry saw widespread adoption in recent years, it scaled up mining activities likewise, which caused electricity shortages in some countries like Iran and Kosovo.
2022-10-7 02:59 | |
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Bitcoin enables mining utilities to engage in agreements that are mutually beneficial to miners and the electricity grid.
2022-3-13 01:00 | |
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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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A class-action lawsuit for over $5 million has been filed in northern California against Chinese mining giant Bitmain. The company is being accused of utilizing customers’ newly purchased machines to mine cryptocurrency at full power for its own benefit while customers were configuring their equipment.
2018-11-27 21:38 | |
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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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In an interview with CNBC, Michael Moro, CEO of trading firms Genesis Trading and Genesis Capital Trading, revealed that he expects to see a continued downward trend, ‘until you kind of hit the 3K-flat level'.
2018-11-26 11:23 | |
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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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Data center managers in Sweden are expecting a deluge of inquiries from cryptocurrency mining operations in Norway. The Norwegian authorities this week revoked energy tax subsidies for the sector, throwing the future of many companies into doubt.
2018-11-24 15:00 | |
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Think mining bitcoin is a waste of energy? Then you better ignore the energy consumption of US Christmas lights every year, which uses more electricity than some countries. Energy Consumption of US Christmas Lights ‘Tis the season to be jolly.
2018-11-24 00:00 | |
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In mining news, Norway will revoke electricity subsidies currently available to cryptocurrency miners at the start of next year. Also, Bitmain has opened a 12 megawatt data center in East Wenatchee, Washington, and Bitfury has announced new additions to its advisory board and board of directors.
2018-11-23 04:40 | |
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In mining news, Norway will revoke electricity subsidies currently available to cryptocurrency miners at the start of next year. Also, Bitmain has opened a 12 megawatt data center in East Wenatchee, Washington, and Bitfury has announced new additions to its advisory board and board of directors.
2018-11-23 04:40 | |
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The Unknown Advantages Of Bitcoin Mining Often, Bitcoin mining is criticized for consuming huge amounts of electricity. In fact, some people say that the inefficient use of energy resources make the entire process uneconomical.
2018-11-23 04:18 | |
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There has been news going around that major mining rigs in China have shut down as a result of reduced profitability due to reduced hash rate. According to the information, many miners say they have been mining at a loss for months but can no longer afford to continue because of increased electricity tariffs due […] The post Information from China Claims many Bitcoin Miners have shut down due to reduced hash rate. How Possible? appeared first on ZyCrypto.
2018-11-21 23:26 | |
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There is little doubt that cryptocurrency mining is extremely power intensive, with particular emphasis on coins that still rely on the Proof-of-Work (PoW) consensus mechanism. Recognizing this, Washington State’s Chelan County Public Utility District (PUD) has proposed a rate hike for mining enterprises within the region.
2018-11-18 17:00 | |
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On November 15, Bitcoin Cash (BCH) hard fork activated. After the hard fork, Bitcoin Cash has split into BCHABC and BCHSV. According to Bitmex Research, Bitcoin Cash ABC miners are making considerable daily losses, even larger losses than SV miners.
2018-11-17 23:49 | |
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The Swedish county of Norrbotten has seen the failure of not one, but two recent cryptocurrency mining initiatives, has two companies have disappeared leaving millions in unpaid electricity bills, Sverige Radio reported on November 13, 2018.
2018-11-16 02:00 | |
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Two mining companies with operations in Sweden have reportedly abandoned their facilities in the country’s northernmost county of Norrbotten. One of the companies, U. S. miner NGDC, appears to have suddenly fled from the area, leaving $1.
2018-11-16 00:35 | |
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Sweden‘s northernmost county opened its arms to two cryptocurrency mining firms earlier this year – but it might now be regretting the decision. The county of Norrbotten, Sweden is playing host to a cryptocurrency mining mystery.
2018-11-14 13:15 | |
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It is not uncommon for students to get crafty when they aim to mine cryptocurrencies. Some use the “free” electricity of their dorm to mine Ethereum and other altcoins. In China, one entire school seemingly had a secret Ethereum mining operation going for quite some time.
2018-11-14 04:22 | |
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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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DMG Blockchain Solutions has announced that it has started generating up to 60 megawatts (MW) of electricity at an 85MW substation it owns in western Canada. It will use the substation to power its flagship cryptocurrency mining facility, which is one of the largest such sites in the country by power output.
2018-11-12 15:00 | |
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Headmaster Lei Hua has been fired from his job at a school in Hunan, China, after a total of nine mining rigs were found stealing his school’s electricity to mine Ethereum, the BBC reported on Friday.
2018-11-12 02:39 | |
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Two principals at a Chinese school have been caught using their employer’s electricity to mine Ethereum, according to local news outlet HK01. The report details how employees at Puman Middle School in Hunan province had been witnessing excessive noise from computers over the last few months – day and night, even during the holidays.
2018-11-8 18:23 | |
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Crypto Mining Is More Energy Intensive Than Mining Any Other Material A shocking report by a British Journal Nature Sustainability shows that in the past two years, cryptocurrency mining has generated between 3 million and 15 million tons of carbon emissions.
2018-11-6 17:39 | |
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A report published today has stated that mining $1 worth of Bitcoin requires more electricity than mining almost any material traditionally dug from the earth. The authors state that between three million and 15 million tons of carbon emissions have been caused by the sector over the last two years.
2018-11-6 00:00 | |
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The cybercrime unit of the Turkish police has detained 11 people suspected of hacking into emails, user accounts and cryptocurrency wallets. The operation was launched after law enforcement received a number of complaints from victims who lost digital cash.
2018-11-4 06:55 | |
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There are indeed a growing number of positive aspects with EOS, but a newly discovered quality could make it much favorable among cryptocurrency enthusiasts. For example, it has been found that EOS consumes a less amount of power compared to the sheer consumption witnessed with Bitcoin in the creation of virtual coinage. Calculations performed by […]
2018-10-31 03:22 | |
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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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Access to cheap electricity and a relatively cooler climate makes a city or county a more preferred location for cryptocurrency miners. The power-heavy industry needs electricity not only to power its miners but also to keep facilities cool.
2018-10-28 16:29 | |
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Cryptocurrency miners in Iceland are teaming up with farmers to solve electricity consumption issues and make mining greener and more sustainable.
2018-10-24 19:01 | |
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A relatively small cryptocurrency mining operation in Iceland has come up with a simple, yet effective solution cryptocurrency mining’s electricity issues. It uses excessive geothermal energy from farmers’ machines to power up the mining equipment in a win-win situation.
2018-10-23 23:00 | |
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Generating electricity closer to full capacity and at a constant rate is the most economical, technically simple and safe mode of operation at nuclear power plants, according to NEA. Bitcoin mining can help by utilizing the excess energy reactors can generate outside peak seasons and hours of consumption, reducing the stress from powering up and […] The post How Bitcoin Mining Can Help Nuclear Reactors appeared first on Bitcoin News.
2018-10-17 03:20 | |
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A local utility company in Russia ordered a church to pay higher electricity rates, in line with Russia’s existing legislation. Church Forced to Pay Higher Electricity Tariff An Evangelical Church in Irkutsk, Russia, which carried out illegal Bitcoin mining, has been asked to pay a one million rubles fine, equivalent to $15,000.
2018-10-16 20:50 | |
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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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The outcome of a court case in Russia may affect the popular practice of cryptocurrency mining in basements and garages. According to a recent ruling, a church in Irkutsk must pay higher electricity rates for installing and running mining hardware on its premises.
2018-10-15 01:35 | |
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Crypto mining has become very common these days for hackers to earn a handsome income while putting a person’s devices at risk. Slowing computers, rising electricity bills, and other issues are caused because a hacker has infiltrated a computer through a malicious link or software.
2018-10-13 16:19 | |
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Google, which currently sits on the fence with regard to cryptocurrency, took an opportunity to throw shade at digital coins like bitcoin core and bitcoin cash during an advert for its new call-screening feature.
2018-10-12 07:05 | |
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In a recent ad about its Call Screen service, Google has revealed its feelings about Bitcoin and other cryptocurrencies, jibing at the massive electricity costs associated with mining them. Call Screen service is a new Android feature developed by the search giant, which will help put an end to telemarketing calls.
2018-10-10 19:00 | |
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As if it hadn’t already given cryptocurrency enthusiasts enough reasons to hate it, Google has now taken a dig at the usefulness of cryptocurrencies. In a recent advertisement for its call screening service, the search engine giant mocked cryptocurrency’s high electricity consumption – and then went on to say that “it is not real money.
2018-10-10 16:19 | |
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The famed Bitcoin mining industry boasted of record revenues in the first half of 2018, surpassing all of 2017. However, research from Diar shows the network’s increased hashing rate meant mining firms paying retail electricity prices faced a net loss for the first time in September 2018.
2018-10-10 01:03 | |
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A new report from Diar reveals that Bitcoin miner revenues are already up to nearly $5 billion this year, and total miner earnings from 2017 were surpassed just in the first 6-months of 2018.
2018-10-10 22:56 | |
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Bitcoin miners have raised over $4. 7 billion in revenue so far this year, but rising electricity prices have rendered cryptocurrency mining almost completely unprofitable, even for the world’s biggest pools.
2018-10-9 15:33 | |
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Although the Chinese regulatory bodies have maintained their distance from cryptocurrencies, it has not deterred the people in the country from partaking in the promising crypto mining industry – as a Chinese man was recently sentenced to 3.
2018-10-9 15:00 | |
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Bitcoin has had an interesting year. Every company has been hit with the effects of the bear market, but Bitcoin has still managed to increase their revenue lately. Unfortunately, Bitcoin mining hasn’t had the same success, which could be due to a few different reasons.
2018-10-9 08:11 | |
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Bitcoin mining in 2018 hasn’t been as profitable as in 2017 despite an increase in overall revenue. With the network hashrate continuing to increase astronomically, miners now pay higher electricity tariffs severely affecting their bottom-lines.
2018-10-9 00:52 | |
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Man Steals $15,000 Of Electricity For Bitcoin (BTC) Mining Despite the stringent rules placed on China’s crypto scene, the Bitcoin and altcoin mining business remains as hot as ever. So hot, in fact, that a Chinese man, named Xu Xinghu, thought it would be a good idea to steal electricity from the nation’s train network […] The post Chinese Bitcoin (BTC) Miner Nabs Electricity, Authorities Crack Down appeared first on Ethereum World News.
2018-10-8 23:00 | |
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Майнера из Китая уличили в краже электричества, стоимостью в $15 000. Суд приговорил его к тюремному заключению на 3,5 года. Chinese guy sentenced to 3. 5 yrs in prison and pay ~$14. 5K in fines for stealing ~$15K worth of electricity to mine 3.
2018-10-8 18:03 | |
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I’ve heard some pretty innovative ways to avoid the electricity bill while mining cryptocurrency, but this is a new one. A Chinese man has been stealing electricity from a local railway network operator in order to power his Bitcoin mining rigs.
2018-10-8 15:45 | |
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After a long struggle with past and present governments, the mining industry in Quebec Province may be smiling soon as new parliament elections are likely to bring in officials that are more comfortable with the crypto mining industry in the area.
2018-10-2 10:43 | |
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Sui recorded notable price actions over the past day, becoming the highest gainer among the top 100 cryptocurrencies by market cap. The altcoin climbed from the daily low of $0. 8696 to $1. 0296, translating to an 18.
Estee Lauder (NYSE: EL) stock price has continued to lag behind the Nasdaq 100 and S&P 500 indices this year. It has crashed by over 35% this year as the two indices are hovering near their all-time highs.
Lumia has announced a significant milestone in its journey to revolutionize the blockchain space, with the company surpassing the sale of 25,000 nodes. This achievement coincides with the successful completion of a strategic fundraising round, marking a pivotal moment in the company’s growth.
Decentralised exchange (DEX) tokens have joined the rest of the crypto industry in a deep sell-off. Uniswap (UNI), the biggest DEX in the industry, has retreated to $5. 56, down by over 66% from its highest point this year.
The recent developments in the legal fight between the United States SEC and Binance brought optimistic news to the crypto community. The regulator has decided to revise its complaint against exchange Binance, seeking not to have to prove that assets such as Solana and Polygon are securities.
Spot Ethereum exchange-traded funds (ETFs) are making waves in the cryptocurrency world, drawing billions in new investments and reigniting interest in related projects. Among the beneficiaries of this surge is AirSwap (AST), a decentralized peer-to-peer (P2P) trading platform built on the Ethereum blockchain.
Bitcoin ATMs are on the rise in Latin America, with Mexico emerging as a significant contender. Although El Salvador remains the leader in Bitcoin ATM installations following its approval of the Bitcoin Law, it now faces increased competition from neighboring countries.