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 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 reso...
Bitcoin mining power crunch: Kazakhstan looks toward nuclear solution
Brian Newar
2021-11-25T01:16:53+00:00
7674
News
In addition to calling for greater regulation in the cryptocurrency industry, President Tokayez contemplated the introduction of a digital Kazakhstani tenge.
'We are the number two crypto miner in the world, and we see practically no financial return,' says Kazakhstan President Tokayev
Zhiyuan Sun
2021-11-19T18:30:00+00:00
11567
News
Senator Cruz predicts that Bitcoin mining will be used to capture wasted renewables and Texas’ power grid within five years.
Texas should use Bitcoin mining to capture wasted natural gas: Sen. Ted Cruz
Inigo Vaca
2021-10-11T07:07:25+01:00
9712
News
Link Global has received an extension to Oct. 14, 2021, as the deadline for filing its response to the action.
Canadian Bitcoin mining firm Link Global faces $5.6M penalty
Helen Partz
2021-10-05T10:07:13+01:00
4734
News
El Salvador’s president showed the supposed first steps of a geothermal Bitcoin mining facility.
El Salvador president teases geothermal Bitcoin mining farm
Helen Partz
2021-09-29T13:28:10+01:00
8912
News
Bitcoin has already consumed more power in 2021 than it did in all of 2020, according to a recent study.
Bitcoin’s power consumption this year has already surpassed all of 2020’s
Martin Young
2021-09-15T04:30:39+01:00
5330
News
Authorized Bitcoin miners will be able to resume their operations after the electricity preservation policy during the hot summer months.
Iran to lift Bitcoin mining ban in September
Osato Avan-Nomayo
2021-08-23T12:40:35+01:00
6313
News
The gaming hardware confiscated by the Ukrainian police was being used to create in-game currency and not for farming cryptocurrency.
Seized PS4 consoles in Ukraine used for FIFA accounts, not crypto mining
Osato Avan-Nomayo
2021-07-19T13:09:11+01:00
6861

Follow us on Facebook