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Last week officials from the small town of Plattsburgh New York filed a moratorium request against bitcoin mining operations that currently reside in the town and future mining endeavors. The proposal was issued by the Mayor’s office and cites concerned over electricity use and energy consumption. Also Read: From ‘Attack’ to ‘Optimization’ — Slush Pool Reveals […]
The post Plattsburgh Officials Want Bitcoin Miners to Vacate the Small Town appeared first on Bitcoin News.
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Just recently the firm Crescent Electric Supply Company conducted a study that showed the cost of mining one single bitcoin in each state in the U.S. Since then the company’s subsidiary business Elite Fixtures took the research further by charting the cost to mine a single bitcoin in each country across the world. Also read: […]
The post New Study Looks at the Cost to Mine BTC Across the Globe appeared first on Bitcoin News.
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It appears there is a lot of misinformation on the internet when it comes to cryptocurrencies and the associated electricity usage. More specifically, most sources claim Bitcoin mining uses a lot of energy, which is absolutely correct. However, it seems the situation is being blown out of proportion completely. The Truth About Cryptocurrency Mining According to the infographic below, there are a lot of things regarding cryptocurrency mining which people need to take into account. It is true that Bitcoin mining requires a lot of electricity in general, but it is pretty much impossible for this industry to use more electricity than any other sectorPowered by WPeMatico
Solving the crypto energy crisis through waste products. #SPONSORED
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The governors of two Russian regions have indicated their readiness to accommodate large crypto mining facilities. Two of the westernmost subjects of the Federation – Kaliningrad and Leningrad – are willing to welcome miners and want to get involved in “bitcoin production”. Local authorities have expressed intentions to take mining out of garages and scale […]
The post Two Russian Regions to Develop Large Scale Crypto Mining appeared first on Bitcoin News.
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Bitcoin and cryptocurrency mining centers are consuming a lot of energy, but is not an issue. #ANALYSIS
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Several Central Asian countries have taken steps to embrace cryptos one way or another. Kazakhstan, Kyrgyzstan, and Uzbekistan are some of the less conspicuous former Soviet republics, but now they are starting to appear on the crypto radar. With certain inherent advantages and some clever new policies, they try to attract investors and integrate into […]
The post Kazakhstan, Kyrgyzstan, and Uzbekistan on the Crypto Radar appeared first on Bitcoin News.
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A Russian ministry is preparing a bill for the regulation of cryptocurrency mining which reportedly includes a “special system” to detect crypto miners. In addition, there may be a 2-year tax break for miners as well as energy quotas and special tariffs. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies System to […]
The post Russia Developing System to Identify Crypto Miners but Considers Giving Them Tax Break appeared first on Bitcoin News.
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Hydro-Quebec, the largest state-owned utility in Canada, appears unable to meet the electricity demand from cryptocurrency miners seeking to establish operations in the energy-rich province. The announcement comes just weeks after the company sought to entice virtual currency miners as a means to bolster the province’s economic outlook, claiming that it had 5,000 megawatts of […]
The post Hydro-Quebec Unable to Meet Energy Demand From Cryptocurrency Miners appeared first on Bitcoin News.
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