Russian region struggles to keep up with Bitcoin mining energy demands
A local energy distributor is working to recover about $800,000 from illicit cryptocurrency miners in Irkutsk Oblast. Go to Source Powered by WPeMatico
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New York gubernatorial candidate calls for moratorium on proof-of-work mining
Politicians and activists have often targeted crypto mining operations around Seneca Lake due to the presence of Greenidge Generation’s plant. Go to Source Powered by WPeMatico
Another solo Bitcoin miner solves valid block, making it fourth in 2022
A ‘whale’ solo Bitcoin miner with a whopping 1.14PH/s computing power solved a valid block on Tuesday. Go to Source Powered by WPeMatico
US Lawmakers Press Bitcoin Mining Firms on Energy Usage, Carbon Emissions, Climate Crisis
Eight U.S. lawmakers, including Senator Elizabeth Warren, have sent letters to top U.S.-based bitcoin mining firms questioning them about their crypto mining operations. “The extraordinarily high energy usage and carbon emissions associated with bitcoin mining could undermine our hard work to tackle the climate crisis — not to mention the harmful impacts cryptomining has on … Read more
Report: Bitcoin mining network accounts for 0.08% of world’s CO2 production
In addition to environmental metrics, the U.S. now accounts for 49% of the world’s Bitcoin cash rate. Go to Source Powered by WPeMatico
Fossils vs. Renewables, PoW vs. PoS: Key policy issues around crypto mining in the U.S.
A recent meetup on the Capitol Hill highlighted several key debates that will define the mining industry’s development in the years to come. Go to Source Powered by WPeMatico
Bitcoin miners believe global hash rate to grow ‘aggressively’
Despite the price of BTC, the Bitcoin network is the strongest it’s ever been, according to industry experts. Go to Source Powered by WPeMatico
Decentralized technology will end the Web3 privacy conundrum
The technical and log-jam issues preventing the advantages of Web3 privacy can be put to bed if the right solutions are adopted. Go to Source Powered by WPeMatico
Report: Nvidia’s Lite Hash Rate Tech to Stop Crypto Miners ‘Was Pointless’
In mid-May 2021, the American multinational technology company Nvidia Corporation revealed that it added a hashrate limiter to curb the use of cryptocurrency mining with its graphics processing units (GPUs). However, crypto miners now say the move was pointless, and the mining organization Nicehash details that the hashrate limiter scheme introduced by Nvidia “did not … Read more
Global Chip Shortage Looms Over Bitcoin Mining Industry, ASIC Supply Tightens
While Bitcoin’s hashrate has been coasting along above 175 exahash per second (EH/s) and recently reached an all-time high, a global shortage of semiconductor chips could slow the growing industry. The shortfall of supply worldwide has disrupted major industries, and manufacturers like Taiwan Semiconductor Manufacturing Company Limited (TSMC) have seen stocks sink in value. At … Read more