consumption – DIGIT INFO

Microsoft touts next-gen data centers that don’t consume water for cooling

DIGIT — Tue, 10 Dec 2024 05:52:32 +0000

Microsoft says its latest “closed loop” water recycling data center design would save 125 million liters of water annually per facility.

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Iran Shuts Down Over 8,000 Illegal Crypto Mining Farms in 3 Years

DIGIT — Wed, 10 May 2023 21:49:59 +0000

Authorities in Iran have closed down more than 8,000 underground facilities for cryptocurrency mining in the past three years, local media reported. Despite the government’s crackdown, illegal crypto mining continues to account for a serious amount of energy consumption, official figures suggest. Illegal Crypto Miners in Iran Steal 1.8 Billion kWh of Electricity, Official Says […]

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Russia May Take Up 18% of Bitcoin Hashrate in Next Big Migration of Crypto Miners, Experts Say

DIGIT — Mon, 08 May 2023 05:04:55 +0000

Increasing regulatory pressures, tax burden and energy costs in countries like the U.S. and Kazakhstan are likely to result in a new great migration of crypto miners, Russian analysts believe. Under such a scenario, Russia has what it takes to occupy up to 18% of the global bitcoin hashrate, they claim. Russia May Attract Half […]

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Silver Proponent Predicts Medium-to-Long-Term Prices of $125 Per Ounce Thanks to Auto Industry

DIGIT — Wed, 08 Mar 2023 01:15:03 +0000

Silver prices have been hovering just below the $21 per troy ounce mark over the last 24 hours, after jumping above the $24 range in mid-January. While long-term and modest forecasts expect silver to hit $30 by 2025 and $40 by 2027, Keith Neumeyer, CEO of First Majestic Silver, thinks medium to long-term, silver could […]

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Ban on Crypto Mining in Residential Areas Proposed in Russia

DIGIT — Sat, 28 Jan 2023 09:30:06 +0000

Advisors to the Kremlin have suggested that home crypto mining should be banned in Russia, or in some of its regions. The stated motive for the proposal is to prevent fires in residential buildings. Amateur miners have been blamed for high loads on the grid causing breakdowns and blackouts. Energy Experts Want to Prohibit Mining […]

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Amid High Energy Demand From Miners, Russia Mulls Building New Power Plants in Siberia

DIGIT — Sun, 01 Jan 2023 10:00:58 +0000

Growing electricity consumption in the crypto mining sector may require the construction of new power generation facilities in Siberia, the energy minister of Russia has acknowledged. Demand continues to increase in residential areas as well, after regional authorities abandoned a proposal to introduce higher tariffs for Russians minting digital coins at their homes. Authorities in […]

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Russia Cracking Down on Crypto Miners Minting in Residential Areas

DIGIT — Wed, 14 Dec 2022 12:30:53 +0000

Russian authorities are now prosecuting miners extracting cryptocurrency using subsidized electricity for the population, according to a top official from the energy ministry. Power utilities are detecting their increased consumption and trying to make them pay at commercial rates. Amateur Crypto Miners in Russia Under Pressure Despite Lack of Regulation for Home Mining Electricity distribution […]

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Russia Expects Sizable Increase in Crypto Miners’ Share of Power Usage

DIGIT — Thu, 08 Dec 2022 05:00:49 +0000

The crypto mining industry may see a two-fold increase in its share of Russia’s power consumption in 2022, according to a high-ranking official from the Ministry of Energy. The department supports a bill designed to regulate the sector which is likely to be adopted this year. Russian Energy Ministry Forecasts Rise in Crypto Mining’s Electricity […]

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Manitoba Halts New Crypto Mining Projects Due to Expected High Energy Demand

DIGIT — Thu, 01 Dec 2022 06:30:27 +0000

Authorities in Manitoba are temporarily suspending the connection of new crypto mining facilities to the power grid. The Canadian province, which relies heavily on hydroelectric generation and attracts miners with low electricity rates, fears it may face overwhelming energy demand. Manitoba Suspends New Crypto Mining Operations Citing Possible Increase in Electricity Usage The government of […]

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EU to Target Crypto Miners’ Power Usage as Union Relies Less on Russian Energy

DIGIT — Wed, 19 Oct 2022 09:00:18 +0000

Authorities in Brussels are taking steps to reduce power consumption, including in cryptocurrency mining, as the EU faces limited energy supplies from Russia, the reliance on which it has been trying to lower. New energy efficiency labeling is to address the growing electricity usage in the crypto sector. EU to Develop Energy Efficiency Label for […]

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