Electricity News

The Bitcoin mining company plans to expand its fleet of mining devices, coming on the back of staff lay-offs and executive salary cuts just weeks before.

The facility owner Dynamics Mining publicly took to Twitter to share the letter terminating its hosting agreement with Compass Mining, saying it had unpaid bills.

The Bitcoin network recorded the year 2022’s lowest power demand of 10.65 gigawatts. At its peak, the BTC network demanded 16.09 GW of power.

One of the world's largest producers of carbon emissions, the Russian gas giant Gazprom aims to reduce its carbon footprint by providing its flare gas for Bitcoin mining.

A founding member of Ethereum has claimed that Bitcoin uses nearly 1% of the world’s electricity, but different sources put it substantially lower.

Cryptocurrency mining companies will be required to submit comprehensive information about their operations as the country tries to reign in electricity consumption.

As today’s energy market becomes decentralized, energy grid operators may need to take a Web3 approach to asset management and security.

Can Bitcoin mining be part of the solution for greenhouse emissions rather than part of the problem?

Which nations are the new harbors of miners, and where can Ether and Bitcoin be successfully — and profitably — mined in 2022?

The proposal aims to recognize crypto mining as a commercial activity and introduce taxes on its realized profits.

Despite Solana’s low power consumption per transaction, the PoS network still uses much energy overall compared to other PoS protocols.

"We are taking proactive measures to shut down operations, shed load and create additional capacity in response to ERCOT's needs should it be necessary,” said the Texas Blockchain Council on behalf of mining firms.

“Crypto mining operations are price-sensitive entities that may be quickly scaled back or shut down if mining becomes uneconomical," said the agency.

According to Nayib Bukele, should the power consumption of the country’s planned Bitcoin City exceed the volcano’s capacity, geothermal energy can be sourced from other sites.

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