Grid – DIGIT INFO

Nic Carter, other pro-Bitcoiners fight climate impact narrative in new paper

DIGIT — Tue, 28 Nov 2023 05:23:18 +0000

A newly published working paper on Bitcoin mining has worked to counter claims from anti-crypto politicians that Bitcoin is melting the planet.

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Ban on Crypto Mining in Residential Areas Proposed in Russia

DIGIT — Sat, 28 Jan 2023 09:30:06 +0000

Advisors to the Kremlin have suggested that home crypto mining should be banned in Russia, or in some of its regions. The stated motive for the proposal is to prevent fires in residential buildings. Amateur miners have been blamed for high loads on the grid causing breakdowns and blackouts. Energy Experts Want to Prohibit Mining […]

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Amid High Energy Demand From Miners, Russia Mulls Building New Power Plants in Siberia

DIGIT — Sun, 01 Jan 2023 10:00:58 +0000

Growing electricity consumption in the crypto mining sector may require the construction of new power generation facilities in Siberia, the energy minister of Russia has acknowledged. Demand continues to increase in residential areas as well, after regional authorities abandoned a proposal to introduce higher tariffs for Russians minting digital coins at their homes. Authorities in […]

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2 Bitcoin Mining Pools Command More Than 53% of BTC’s Total Hashrate

DIGIT — Thu, 29 Dec 2022 18:30:43 +0000

Bitcoin’s hashrate has jumped from the low 170 exahash per second (EH/s) recorded this week, to above the 300 exahash range after a number of bitcoin mining operations from Texas temporarily went offline on Dec. 25, 2022. Furthermore, three-day hashrate distribution statistics recorded on Dec. 29, 2022 indicate that two mining pools command more than […]

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Massachusetts Senator Forwards Bill Aimed at Forcing Crypto Miners to Report Greenhouse Gas Emissions

DIGIT — Fri, 09 Dec 2022 09:30:17 +0000

On Dec. 8, 2022, three Democratic politicians from Massachusetts, Oregon, and California revealed legislation aimed at combatting “energy-intensive” cryptocurrency mining operations. The bill introduced by senator Ed Markey (D-MA) alleges that crypto mining “strains the grid” and the industry “undermines U.S. climate goals.” 3 U.S. Bureaucrats Believe Crypto Miners Need to Report Carbon Emissions and […]

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Manitoba Halts New Crypto Mining Projects Due to Expected High Energy Demand

DIGIT — Thu, 01 Dec 2022 06:30:27 +0000

Authorities in Manitoba are temporarily suspending the connection of new crypto mining facilities to the power grid. The Canadian province, which relies heavily on hydroelectric generation and attracts miners with low electricity rates, fears it may face overwhelming energy demand. Manitoba Suspends New Crypto Mining Operations Citing Possible Increase in Electricity Usage The government of […]

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Russia, Ukraine Shut Down Several Cryptocurrency Farms

DIGIT — Sun, 05 Dec 2021 05:30:00 +0000

Authorities in Russia and Ukraine have closed down a number of illegal crypto mining facilities allegedly powered by stolen electricity. The underground farms have been discovered around the capital cities, Kyiv and Moscow, as well as in the Russian republic of Dagestan. Russia Busts Illegal Mining Farms in Moscow Region and Dagestan Russian law enforcement […]

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Ukraine Shuts Down Illegal Mining Farm With 150 Rigs

DIGIT — Sat, 03 Jul 2021 06:30:52 +0000

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) […]

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Global Fintech Firm Launches Security Tokenization Platform

DIGIT — Fri, 08 May 2020 18:48:00 +0000

Fintech firm GSX Group says their securities tokenization platform is phase one of its global security token ecosystem.

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