Analysis
Crypto mining companies leveraging renewables may also have a much larger impact on clean energy for the environment.
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Energy News
Energy for blockchain products is one of the main topics of discussion for the development process of the cryptocurrency industry. As Bitcoin mining is very demanding in terms of energy usage and has become even harder to do over time, Bitcoin’s proof-of-work algorithm has been altered in other, less consuming algorithms for new cryptocurrencies. Bitcoin’s influence on the energy sector is hard to overestimate. Bitcoin energy consumption is currently taking more energy than most countries on the planet. This is not just the reason for the large profits in the energy industry but also a warning for the environment, as it is a threat to the climate with an amount of 20 megatons of CO2 emission per year. The reduction of the energy consumption for cryptocurrencies is also an important task as government environmental policies may become an obstacle for the blockchain industry.
- Market Update
Bitcoin price reliably bounced off the 20-day moving average, which catalyzed an explosive rally from VGX, CHSB and EWT.
14795 - News
Guizhou province is the first in China to announce an ambitious electric vehicle campaign, taking advantage of the power capacity freed up by Beijing’s Bitcoin mining ban.
10761 - News
Ether has more potential than Bitcoin as a newer cryptocurrency, and the latest EIP-1559 will help the token trade more like a fixed asset, Pantera Capital CEO said.
22430 - News
According to the mining firm, it aims to create high-tech jobs for residents and support local businesses with the solar farm.
2775 - News
"I want to do a little more diligence to confirm that the percentage of renewable energy usage is most likely at or above 50% and that there is a trend towards increasing that number," said the Tesla CEO.
21509 - News
Russian crypto advocates are already collaborating with a consortium including some of China’s largest crypto mining-related companies.
4770 - News
The Anhui government is addressing growing electricity demand by shutting down local crypto mining operations.
2685 - News
Bitcoin’s total annual electricity consumption has fallen almost 60% since its all-time peak recorded in mid-May, according to industry data.
3359 - News
Even Iran's minister of labor has reported electrical disruptions to his home as crypto miners continue to exert demand on the country's power grid.
3978 - How to crypto
A guide to Chia Network: farming, building a rig, the hard drive deficit and the future of the project.
17783 - News
According to the crypto mining firm, the South Carolina facility has been capable of drawing 80 megawatts of power, two thirds of which is produced from zero carbon energy sources.
2254 - Opinion
Bitcoin itself has seen very little change over time — what has changed is the dominant perception of it.
3568 - News
Advertisements for small-scale hydro plants have reportedly surged on Chinese secondhand e-commerce platforms.
6257 - News
Gemini has partnered with a nonprofit to purchase carbon permits from government-related cap-and-trade markets and erase them from circulation.
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