Electricity News

The annual energy consumption of the Tezos network is estimated to be equivalent to the footprint of just 17 people.

The country saw a great influx of miners this year, but it might have to sacrifice the immense tax revenue from Bitcoin miners if power grid issues are not resolved.

In addition to calling for greater regulation in the cryptocurrency industry, President Tokayez contemplated the introduction of a digital Kazakhstani tenge.

Senator Cruz predicts that Bitcoin mining will be used to capture wasted renewables and Texas’ power grid within five years.

Link Global has received an extension to Oct. 14, 2021, as the deadline for filing its response to the action.

El Salvador’s president showed the supposed first steps of a geothermal Bitcoin mining facility.

Bitcoin has already consumed more power in 2021 than it did in all of 2020, according to a recent study.

Authorized Bitcoin miners will be able to resume their operations after the electricity preservation policy during the hot summer months.

The gaming hardware confiscated by the Ukrainian police was being used to create in-game currency and not for farming cryptocurrency.

Russian crypto advocates are already collaborating with a consortium including some of China’s largest crypto mining-related companies.

The Anhui government is addressing growing electricity demand by shutting down local crypto mining operations.

Miners used an empty warehouse of an electricity supply company to plug into the grid and mine crypto on a variety of devices, including gaming consoles.

Bitcoin’s total annual electricity consumption has fallen almost 60% since its all-time peak recorded in mid-May, according to industry data.

Discounted tariffs made Iran attractive to miners, now the country is having a hard time closing the gap between the production and consumption of electricity.

The new law introduces an additional tax levy for energy used by crypto miners starting from January 2022.