Are cryptocurrency mining operations moving from Iran to Central Asia in pursuit of stable cheap energy grids?
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.
- Analysis
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Blockchain development firm Bitfury is set to partner with the United Nations Development Programme on a project to conserve and increase Kazakhstan’s forestlan...
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Australia-based blockchain energy firm Power Ledger has purchased a 250 kW photovoltaic system that will use a blockchain-based data management and settlement s...
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The operator of what is set to become the world’s largest Bitcoin mining facility has reportedly signed a deal with Japanese financial services giant SBI and in...
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ESRI researchers propose that using a blockchain-based “forward trading system” can provide a more effective incentive for the smart management of energy consum...
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by Helen Partz
United States-based cryptocurrency brokerage BitOoda has secured $7 million in funding from investors including former senior investment exec at JPMorgan.
- News
Chinese authorities have seized nearly 7,000 crypto mining machines consuming electric power illegally.
- Follow up
Russian tech startup Waves announced it has been testing a blockchain solution for payments in the retail electricity sector.
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Abkhazia, an autonomous region in northwest Georgia, is planning to intensify work to identify cryptocurrency mining farms in the region.
- Crypto Map
Central Asia following the sweeping global crypto and blockchain trend, with concrete adoption and utilization cases across the region.
- News
Russia’s national energy grid operator Rosetti is testing a blockchain solution for payments in the retail electricity sector.
- News
The second-largest power utility in Japan is extending its trial of a blockchain-powered system for transacting renewable energy credits.
- News
The Indian state of Uttar Pradesh will pilot a peer-to-peer solar power trading project in partnership with Australian blockchain energy company Power Ledger.
- News
Fresh research has challenged the perception that Bitcoin mining is irreconcilable with tackling climate change.
- News
by Joeri Cant
The Excise Department in Thailand plans to change its current tax refund practice by introducing a blockchain-based tax payback system for oil exporters.
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