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
A Chinese–Iranian Bitcoin mining facility is set to resume operations after being forced to shut down earlier in the year.
Chinese investors reboot Iranian Bitcoin mining facility
Osato Avan-Nomayo
2021-04-15T12:33:19+01:00
6630
News
Victoria Bitter has partnered with blockchain energy trading platform Power Ledger to allow customers to earn beer with surplus solar energy.
Australians can now exchange solar energy credits for beer with blockchain
Helen Partz
2021-03-31T14:14:55+01:00
9243
News
The U.S. should address the environmental problems of Bitcoin mining by providing its clean energy to set up mining hubs, Mayor Francis Suarez said.
90% of Bitcoin mining comes from ‘dirty energy,’ Miami mayor says
Helen Partz
2021-03-29T10:42:37+01:00
10696
News
Asset managers are warning industry giants like Tesla and PayPal that investing in energy-intensive assets like Bitcoin could diminish their popularity among in...
‘Existential threat’ to Bitcoin-investing companies from carbon fallout
Cyrus McNally
2021-03-10T01:41:07+00:00
10868
Analysis
Energy Web plans to use blockchain technology to help ensure an efficient future for Volkswagen’s electric vehicles.
Volkswagen pilots blockchain to integrate electric vehicles with power grids
Rachel Wolfson
2021-03-04T12:28:55+00:00
17036
News
Kentucky needs to attract more crypto mining businesses by offering tax breaks, local lawmakers believe.
Kentucky bill to provide tax breaks for local crypto miners
Helen Partz
2021-03-03T12:38:10+00:00
12004
News
Some Portuguese residents will reportedly be able to pay for electricity in Bitcoin starting from February.
Portuguese power company to accept Bitcoin for electricity bills
Helen Partz
2021-02-19T09:47:39+00:00
11723
News
An unknown client in Russia has stacked 20,000 Bitcoin miners at one of BitRiver’s locations in Siberia.
Russia has imported its largest Bitcoin miner batch
Helen Partz
2021-02-10T08:13:38+00:00
12206

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