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Texas Bitcoin Mining Boom Might Be Reaching Its End, But Grid Operators Are The Happiest – Here’s Why
Texas was once seen as Canaan for miners fleeing troubled times in China, but 12 months down the line, the fairy tale has turned into a nightmare for some mining companies. дальше »
2022-9-2 22:29 | |
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Ethereum mining no longer profitable for many miners as energy prices and ETH dip cause perfect storm
For the first time since 2020, Ethereum mining has become unprofitable for many miners connected to a traditional energy grid. The post Ethereum mining no longer profitable for many miners as energy prices and ETH dip cause perfect storm appeared first on CryptoSlate. дальше »
2022-6-14 05:45 | |
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Here’s how blockchains are helping to advance the global energy grid
Governments and environmentalists are quick to criticize the amount of electricity Bitcoin mining uses, but investors’ growing interest in crypto is leading to positive steps in the energy sector. дальше »
2022-6-11 00:30 | |
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“We Supply the Grid and Clean-up Waste Coal” Bitcoin Miner Tells Elizabeth Warren
“We employ 21st century crypto mining techniques to remediate the impacts of 19th and 20th century coal mining in some of the most environmentally neglected regions of the United States.”... дальше »
2022-2-9 17:58 | |
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Texas, The Citadel For Bitcoin: A Gubernatorial Election Race
2022 Texas gubernatorial elections have become a race for promising Bitcoin (BTC) adoption by several candidates. Republicans Don Huffines, Allen West, and the current governor Greg Abbott have all jumped in to offer voters policies like making Bitcoin a legal tender, using Bitcoin mining to bolster the power grid, leading the world in leveraging Bitcoin […] дальше »
2022-2-1 02:59 | |
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Iran Shuts Down Crypto Mining for Second Time This Year, Bitcoin Hash Rate Remains Strong
Iran has yet again issued an order to shutdown the authorized cryptocurrency mining centers to ease the strain on the country’s power plants and avoid a blackout, said Mostafa Rajabi Mashhadi, director of the state-run Iran Grid Management Co. дальше »
2021-12-29 19:08 | |
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Only In Crypto: Ted Cruz Cosigns Argument That Bitcoin Miners Are Fixing Texas Electric Grid
A lot has happened in the Bitcoin space, from mining crackdowns to new all-time highs to market crashes. Out of all of these have come some very interesting takes on how Bitcoin and crypto, in general, are affecting the day-to-day lives of individuals. дальше »
2021-12-7 23:30 | |
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Crypto Mining Pushing Kazakhstan Energy Grid to the Limit
Kazakhstan is struggling to meet its growing energy needs, now that crypto mining is booming in the Central Asian country. The post Crypto Mining Pushing Kazakhstan Energy Grid to the Limit appeared first on BeInCrypto. дальше »
2021-11-10 20:12 | |
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Increased Mining Operations in Kazakhstan Causing Power Deficit
As Chinese miners migrate to Kazakhstan, this poses capacity challenges to the Kazakhstan grid, which could be supplemented by the Kremlin’s state-owned utility Inter RAO in the near future The post Increased Mining Operations in Kazakhstan Causing Power Deficit appeared first on BeInCrypto. дальше »
2021-10-31 15:23 | |
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Miners Are The Optimal Buyers: The Data Behind Bitcoin-Led Decarbonization In Texas
Comments from Senator Ted Cruz underscore the potential that Bitcoin mining has to integrate with the Texas energy grid in a transformative way. дальше »
2021-10-29 17:03 | |
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Billion-dollar Bitcoin mining industry resumes in Iran after three-month ban
The extreme heat of the summer has subsided, so crypto mining has been given the green light, as it can no longer be blamed for stressing the electricity grid. дальше »
2021-10-2 08:08 | |
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Ukraine Uncovers Country’s Largest Illegal Mining Farm to Date
The Security Service of Ukraine (SBU) has located a massive coin minting facility that was illegally connected to the power grid in Vinnytsia. Law enforcement officials claim it’s the largest underground crypto mining farm they have found so far. дальше »
2021-7-11 00:30 | |
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123-Year-Old Hydroelectric Plant Sees New Life Mining Bitcoin — Revenue 3x Higher Than Selling to the Grid
On Thursday local reports from Mechanicville, the city located in Saratoga County, New York, say that an old hydroelectric plant constructed back in 1897 was almost dismantled, but today the plant is mining bitcoins. дальше »
2021-7-9 23:00 | |
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Hydro plant from 1897 earns 3x as much mining BTC as selling power to the grid
An historic renewable energy facility in New York has tripled its profits by mining Bitcoin.
дальше »2021-7-10 06:17 | |
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Abkhazia Shuts Down 8 Crypto Farms Amid Ongoing Crackdown on Mining
Authorities in Abkhazia, the partially recognized South Caucasus republic, have discovered and closed down eight crypto mining farms in just two weeks. Since the beginning of June, law enforcement agents have disconnected more than 300 mining devices from the grid and fined an operator. дальше »
2021-6-16 15:30 | |
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UK Police Raid Alleged Cannabis Farm, Finds Bitcoin Mining Facility Stealing Power
Police from the UK executed a raid in an industrial unit in the West Midlands county expecting to find a cannabis farm, but instead found a big bitcoin mining facility, that was coincidentally bypassing the controls from the local power utility company to siphon energy from the main grid, stealing thousands of pounds in the […] дальше »
2021-5-31 07:00 | |
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Beijing’s Distaste for Bitcoin Mining Spreads to Inner Mongolia, Miners Could Face a ‘Social Credit Blacklist’
Beijing’s recent crackdown on the cryptocurrency industry has found its way into Inner Mongolia according to a recent report. Inner Mongolian officials plan to introduce harsh penalties to bitcoin mining operations using the region’s grid without permission from authorities. дальше »
2021-5-27 23:00 | |
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Iranian Government Places New Ban On Mining Bitcoin Within Households
Iran has become the latest country to ban Bitcoin mining, albeit for select people. Apparently, the Iranian government has decided to stop its citizens from mining Bitcoin in their homes. According to the government, household mining has been exerting too much pressure on the already burdened national electric grid. The Ministry of Energy has issued […] дальше »
2021-5-19 21:14 | |
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Authorities in Sichuan Go After Miners to Save Electricity in the Dry Season
Regional authorities in the province of Sichuan are reportedly pressuring bitcoin miners to scale down operations amid electricity shortages during the dry season in Southwest China. A meeting has been scheduled with regulators, the state run grid operator and mining companies. дальше »
2019-12-28 23:05 | |
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Iranians Defy Warning and Share Pictures of Bitcoin Mining in Mosque
On Tuesday, the Iranian energy grid corporation Tavanir warned illegal bitcoin mining operations that they would be cut off from their supply. Following the announcement, pictures of a mining facility set up in a mosque went viral on social media. дальше »
2019-6-27 20:45 | |
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Iranian Energy Grid Blames 7% Consumption Increase on Bitcoin Miners
Mostafa Rajabi Mashhad, the spokesperson for Tavanir, an Iranian state-operated grid entity, has explained that electrical consumption has spiked by 7% in comparison to the previous year. Rajabi blames illegal cryptocurrency mining operations for the country’s increased electrical consumption and has warned that illicit mining facilities will be cut off from the grid. дальше »
2019-6-26 00:30 | |
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Bitcoin Mining With Solar: Less Risky and More Profitable Than Selling to the Grid
The energy used to mine bitcoin has long caused debate over whether it’s a wasteful process. As the arguments have rumbled on, some people have been focused on mining coins with renewable energy. дальше »
2019-5-31 16:50 | |
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Chinese Bitcoin Miners Suffer in Iran Despite Cheap Power
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. дальше »
2019-4-11 23:38 | |
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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 operators of the farms have fully cooperated with the local electric utility. дальше »
2019-1-2 21:40 | |
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Energy Incentives Make Bitcoin Mining a Natural Fit for B.C., Canada
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. дальше »
2018-12-22 21:41 | |
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Cryptocurrency Mining Could Crash The Entire Power Grid Of Abkhazia
The tiny Republic of Abkhazia has high hopes that cryptocurrency mining and operations could be its solution to economic woes. But the rickety ex-Soviet electricity network is already at capacity, leaving risks of blackouts if a cold snap hits. дальше »
2018-12-20 10:00 | |
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Cryptocurrency Mining Firm Soluna to Build a 900-Megawatt Wind Farm in Saharan Desert
Soluna, a blockchain company began plans to create a 900-megawatt wind farm with the aim of generating power for a computer center in Dakhla in the Morocco-administered Western Sahara Desert. Initial work on the facility will begin in 2019. дальше »
2018-8-11 17:00 | |
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Mining Firms Building Electrical Grids to Circumvent Government Apprehensions
Due to substantial energy demand, cryptocurrency mining businesses face scrutiny from both government bodies and utility departments. However, a Canadian mining venture is taking a unique path to prevent such backlash – by constructing its own electrical grid – as per reports on August 1, 2018. дальше »
2018-8-5 06:00 | |
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