Electricity News

Electricity is the physical flow of electrons. This flow is an energy carrier and is used to deliver energy for electrically-powered devices and establishments. Electricity is a major problem for the cryptocurrency industry. Blockchain electricity consumption values vary due to the algorithm used for establishing consensus. Proof-of-work cryptocurrencies demand a lot of power to operate. As a major PoW cryptocurrency, Bitcoin electricity usage is estimated around the value equal to that of Ireland. Bitcoin mining electricity is the most consuming part of the cost. Blockchain electricity consumption is also an environmental problem, as the growing amount of power demand may lead to climate change. Fixing the problem of large electricity requirements is a field of work for many tech companies. The most used technology for reducing energy demand is a proof-of-stake consensus algorithm that changes the way mining is performed.

News
The facility owner Dynamics Mining publicly took to Twitter to share the letter terminating its hosting agreement with Compass Mining, saying it had unpaid bill...
Compass Mining loses facility after allegedly failing to pay power bill
Jesse Coghlan
2022-06-28T07:07:54+01:00
5429
News
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.
Bitcoin network power demand falls to 10.65GW as hash rate sees 14% drop
Arijit Sarkar
2022-06-25T08:00:43+01:00
9425
News
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 Bitco...
Russia seems to be preparing to mine Bitcoin with flare gas
Helen Partz
2022-06-17T17:15:37+01:00
6668
News
A founding member of Ethereum has claimed that Bitcoin uses nearly 1% of the world’s electricity, but different sources put it substantially lower.
Bitcoin's real energy use questioned as Ethereum founder criticizes BTC
Tom Mitchelhill
2022-06-10T10:54:20+01:00
4845
News
Cryptocurrency mining companies will be required to submit comprehensive information about their operations as the country tries to reign in electricity consump...
Kazakhstan ramps up power consumption reporting requirements for crypto miners
Jesse Coghlan
2022-05-05T02:02:44+01:00
2679
Analysis
As today’s energy market becomes decentralized, energy grid operators may need to take a Web3 approach to asset management and security.
Decentralizing the grid: Operators test blockchain solutions
Rachel Wolfson
2022-04-14T14:03:00+01:00
3803
Analysis
Can Bitcoin mining be part of the solution for greenhouse emissions rather than part of the problem?
Stranded no more? Bitcoin miners could help solve Big Oil's gas problem
Richard Mason
2022-03-18T15:03:00+00:00
6521
Analysis
Which nations are the new harbors of miners, and where can Ether and Bitcoin be successfully — and profitably — mined in 2022?
Mining worldwide: Where should crypto miners go in a changing landscape?
Elena Perez
2022-02-19T20:13:00+00:00
7219

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