Electricity

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Quebec Temporarily Suspends Electricity Approval Procedure for Bitcoin Mining Firms

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Cryptocurrency mining has become very popular in Canada. The country’s abundance of renewable energy and robust power grid infrastructure have made specific provinces very appealing. Unfortunately, it seems things will change in the province of Quebec fairly soon. Energy approvals for mining operations have been halted until further notice. Quebec Will Reevaluate Bitcoin Mining Most … Read more

Chelan County Utilities Are Fed up with Bitcoin Mining Operators

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The electricity consumption of Bitcoin mining operations has always been a thorn in the side of many people. Various studies on this topic have been published over the years. In Chelan County, Washington, a major development is taking place. Rural electric utilities are taking an aggressive stance against various Bitcoin mining firms over their “disruption” of the … Read more

Czech Utility Company Introduces Crypto Payments

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One of the largest energy suppliers in the Czech Republic has recently announced plans to start accepting cryptocurrency from its customers. The bitcoin payment option should be available as early as next month, its management said. The company is about to join a growing number of Czech businesses processing crypto payments by introducing them to … Read more

New Bitcoin Mining Study Misses a Few Key Points

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There have been numerous discussions on how much electricity Bitcoin mining really uses. The studies on this topic paint very different pictures, although they share a few similarities. The most recent study claims that Bitcoin mining will consume 0.5% of the world’s electricity by year’s end. That’s a somewhat worrisome statistic, albeit one that isn’t based on … Read more

Chinese Miners Are Finding Relocation Difficult in Southeast Asia

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According to a recent report, cryptocurrency miners from China have been flocking to regions in Southeast Asia like Vietnam, Myanmar, and Cambodia. However, a relocated Chinese miner based in Cambodia says miners trying to find safe havens in other Southeast Asian countries are having difficulties, and losing money every month due to residents complaining and unreliable … Read more

Chinese Household in Trouble for Chasing a Lost Cause – Mining Bitcoin with Phones

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A Chinese household has been stealing electricity to mine bitcoin using 50 mobile phones and 15 improvised mining rigs. The home workshop has consumed almost 33,000 kWh of unbilled electricity. That should be enough for a couple of bitcoins, but using a smartphone for the job is not really an option.   Also read: 80% … Read more