IEA Report: Bitcoin Causes 0.03%-0.06% of Global CO2 Emissions
Bitcoin mining is likely responsible for 10‑20 Mt CO2 per year, according to a report released by the International Energy Agency Go to Source Powered by WPeMatico
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How Big Hydro Power Partners With Bitcoin Miners to Prevent Energy Waste
We are often told that the verification of bitcoin transactions eats a lot of energy. The largely inaccurate comparison to a small country, the size of Ireland or Denmark, is evoked thanks to numerous clickbait headlines. What mainstream media fails to explain, however, is that bitcoin mining is actually helping electricity producers prevent energy waste. … Read more
Energy Company E.ON Files Blockchain Patent for Data Analytics Device
Energy company E.ON is developing a device to let customers selectively collect and sell their data, backed by blockchain tech for privacy and security Go to Source Powered by WPeMatico
Steve Wozniak Co-Founds Blockchain-Based Energy Saving Firm in Malta
Steve Wozniak has co-founded a blockchain project in Malta, which aims to be the “main platform in the world for tokenized energy savings” Go to Source Powered by WPeMatico
Miners Flock to Iran Where Bitcoin Mining Is Set to Be Sanctioned
According to regional reports, the Central Bank of Iran (CBI) is planning to allow licensed cryptocurrency mining as long as operations are charged for electricity based on the price of export. The CBI governor, Abdol Nasser Hemmati, explained that mined cryptocurrencies should flow back into the Iranian economy. Also read: Bitcoin Miner Recounts Struggle to … Read more
Police in China Seizes 4,000 Crypto Miners After Abnormal Energy Spike
Police in China arrested 22 suspects involved in illegal crypto mining resulting in energy loss worth of nearly $3 million Go to Source Powered by WPeMatico
Shell Invests in Blockchain-Based Energy Startup
Shell, the world’s fifth largest oil and gas firm, invested in a blockchain-based energy firm Go to Source Powered by WPeMatico
U.S. Clean Energy Firm Clearway Energy Will Test Blockchain for Renewable Energy Trading
Clearway Energy Group to pilot program for trading renewable energy credits on a blockchain Go to Source Powered by WPeMatico
Iranian Authorities Confiscate 1,000 Bitcoin Mining Machines
Following a surge in power consumption, Iranian authorities detected and seized 1,000 Bitcoin mining machines Go to Source Powered by WPeMatico
Iranian Energy Grid Blames 7% Consumption Increase on Bitcoin Miners
Mostafa Rajabi Mashhad, the spokesperson for Tavanir, an Iranian state-operated grid entity, has explained that electrical consumption has spiked by 7% in comparison to the previous year. Rajabi blames illegal cryptocurrency mining operations for the country’s increased electrical consumption and has warned that illicit mining facilities will be cut off from the grid. Also Read: … Read more
