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Bitcoin’s mining difficulty reached an all-time high (ATH) on Feb. 24, 2023, at block height #778,176, reaching 43.05 trillion hashes and surpassing the 40 trillion mark for the first time ever. The network’s difficulty increased by 9.95%, which is the second-largest rise this year, as Bitcoin recorded a combined 24.89% increase during the last 60 … Read more
A former school assistant facilities director in Cohasset, Massachusetts, has been accused of operating a cryptocurrency mining operation inside a crawlspace at Cohasset High School. The Cohasset Police Department alleges that Nadeam Nahas stole nearly $18,000 in electricity to power the crypto mining scheme. Former Cohasset School Employee Faces Charges for Electricity Theft in School … Read more
The legislatures in Mississippi and Missouri have separately introduced bills aimed at protecting certain activities of Bitcoin miners following visits from the Satoshi Action Fund. Go to Source Powered by WPeMatico
Bitcoin miners appeared to be the model consumers for the ancillary services in the state. Go to Source Powered by WPeMatico
2022 was tough on crypto prices, but ETH, LDO, MATIC, DAI and ATOM all made a positive impact on the industry. Go to Source Powered by WPeMatico
Climate change initiatives led by politicians and sponsored by some of the biggest polluters demand a change in initiatives — Decentralized tech could play a key role. Go to Source Powered by WPeMatico
“Bitcoin uses 0.05% of world energy consumption. Banking uses 56 times more energy than Bitcoin,” Michel Khazzaka, a cybersecurity engineer and cryptographer, told Cointelegraph. Go to Source Powered by WPeMatico
Energy provider Hydro-Québec cited the high energy demands anticipated in the Canadian winter in its reasons to reallocate 270 megawatts from crypto mining firms. Go to Source Powered by WPeMatico
Before the Merge upgrade, in 2022, the energy consumption of Ethereum ranged between 46.31 terawatt hour (TWh) per year to 93.98 TWh per year. Go to Source Powered by WPeMatico
While miners stand to be significantly affected by the current power crisis, there is still some hope that the prevailing macro conditions could work in favor of the crypto industry. Go to Source Powered by WPeMatico
