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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
Abkhazia’s Ministry of Economy has approved a bill on crypto mining and sent it to the Cabinet of Ministers of the republic Go to Source Powered by WPeMatico
Iran plans to cut off power to crypto mining until new energy prices are approved, an official at Iran’s Ministry of Energy revealed Go to Source Powered by WPeMatico
DLT-enabled energy trading firm Power Ledger will roll out its app in Austria’s second-largest city of Graz to optimize energy distribution Go to Source Powered by WPeMatico
The carbon emissions generated by bitcoin are comparable to the whole of Kansas City — and even a small country — a study finds Go to Source Powered by WPeMatico
Iran’s deputy energy minister has said that power bills for crypto mining should be calculated in real electricity prices and no longer subsidized Go to Source Powered by WPeMatico
Bitcoin mining’s energy mix is 74.1% renewable energy, according to cryptocurrency investment products and research firm CoinShares Go to Source Powered by WPeMatico
There’s a lot of debate over whether bitcoin mining is bad for the environment. Many bureaucrats and mainstream media pundits claim that mining is wasteful and bitcoin’s energy consumption cannot be ignored. However, these claims have been refuted in the past and on June 6, Coinshares published a report that details mining is not environmentally … Read more
The head of Russian oil company Rosneft has not ruled out the possibility of paying for oil using cryptocurrencies in the future Go to Source Powered by WPeMatico
South Korea’s top power provider has signed a contract with two domestic power suppliers to create a blockchain-based system for Renewable Energy Certificate transactions Go to Source Powered by WPeMatico