Bitcoin electricity consumption falls to November 2020 levels: Data
Bitcoin’s total annual electricity consumption has fallen almost 60% since its all-time peak recorded in mid-May, according to industry data. Go to Source Powered by WPeMatico
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Licensed Iranian crypto miners ordered to halt production ‘altogether’
Even Iran’s Minister of Labor has reported electrical disruptions to his home as crypto miners continue to exert demand on the country’s power grid. Go to Source Powered by WPeMatico
Ukraine Shuts Down Illegal Mining Farm With 150 Rigs
Law enforcement officials in Ukraine have closed down a cryptocurrency mining farm that was minting digital coins using stolen electricity. The facility had more than 150 mining rigs that have been confiscated during a raid in Chernihiv region. Authorities in Ukraine Seize Over 150 ASICs From Crypto Mining Farm The Security Service of Ukraine (SBU) … Read more
Greenidge plans to expand mining operations to South Carolina
According to the crypto mining firm, the South Carolina facility has been capable of drawing 80 megawatts of power, two thirds of which is produced from zero carbon energy sources. Go to Source Powered by WPeMatico
Chinese hydropower plants on sale as crypto miners move abroad
Advertisements for small-scale hydro plants have reportedly surged on Chinese secondhand e-commerce platforms. Go to Source Powered by WPeMatico
Winklevoss’ Gemini buys carbon credits to cut Bitcoin’s CO2 footprint
Gemini has partnered with a non-profit to purchase carbon permits from government-related cap-and-trade markets and erase them from circulation. Go to Source Powered by WPeMatico
UN sees blockchain technology as tool to fight climate crisis
The UN will keep exploring the uses of blockchain to improve the reliability of data on harmful greenhouse gas emissions. Go to Source Powered by WPeMatico
Denied electricity, world’s 5th-largest mining pool leaves China for Kazakhstan
Crypto mining pool BTC.com is leaving China after local authorities withdrew its power supply. Go to Source Powered by WPeMatico
City in Sichuan reportedly orders crypto miners to shut down for investigation
Crypto miners in Ya’an City have reportedly been ordered to temporarily shut down their operations. Go to Source Powered by WPeMatico
Reports of Mining Sector Cleanup Put China’s Yunnan Province in the Spotlight
Authorities in Yunnan are launching an investigation to identify and shut down miners that are illegally using electrical power to mint bitcoin, Chinese media reports. Inspections will also focus on potential safety hazards and will be carried out by various government departments. The mining industry cleanup is expected to continue till the end of June. … Read more