Category: Electricity

Bitcoin’s power consumption this year has already surpassed all of 2020’s

September 15, 2021

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Bitcoin has already consumed more power in 2021 than it did in all of 2020 according to a recent study. 1538 Total views 18 Total shares A new study suggests that Bitcoin has already used more power so far this year than it did in all of 2020.  By the end of the year, the […]

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China shuts down crypto mining in Anhui province

July 14, 2021

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The Anhui government is addressing growing electricity demand by shutting down local crypto mining operations. 324 Total views 5 Total shares The Chinese government continues cracking down on the cryptocurrency mining industry by suspending crypto mining operations in another province. Authorities at Anhui, a small province in eastern China, have announced a set of measures […]

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Iranian crypto miners using household energy will face large fines

May 17, 2021

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Iran is fighting against unauthorized crypto mining amid ongoing energy supply shortages. 6130 Total views 32 Total shares The Iranian government continues to closely monitor the cryptocurrency mining industry by initiating new measures against home crypto miners, according to a new report. Mostafa Rajabi, a spokesperson for Iran’s Ministry of Energy, said that crypto mining […]

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Australians can now exchange solar energy credits for beer with blockchain

March 31, 2021

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Victoria Bitter has partnered with blockchain energy trading platform Power Ledger to allow customers to earn beer with surplus solar energy. 5570 Total views 36 Total shares Asahi’s Australian lager beer subsidiary Victoria Bitter has taken a step toward sustainability by allowing customers to earn a pint with solar energy via blockchain. According to a […]

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Volkswagen pilots blockchain to integrate electric vehicles with power grids

March 4, 2021

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Automobile makers everywhere are betting big on electric vehicles as the world begins to push for environmentally friendly modes of transportation. For example, while fewer than 1% of cars on the roads in the United States today are electric, a number of automobile manufacturers are aiming to change this by stopping sales of gasoline-powered cars.  […]

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Kentucky bill to provide tax breaks for local crypto miners

March 3, 2021

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Kentucky needs to attract more crypto mining businesses by offering tax breaks, local lawmakers believe. 8374 Total views 36 Total shares Lawmakers in Kentucky are looking to impose tax breaks for local cryptocurrency miners. Kentucky lawmakers on Tuesday approved several state tax breaks including House Bill 230, which would remove the sales tax from electricity […]

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Surge in Bitcoin energy consumption sparks debate in crypto community

February 5, 2021

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Bitcoin energy consumption has been at its highest historical levels since late 2020, according to Digiconomist’s Bitcoin Energy Consumption Index. 5437 Total views 24 Total shares The recent surge of Bitcoin (BTC) price has driven notable growth in the amount of electricity consumed by Bitcoin miners, spurring another wave of argument in the community over […]

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Is Bitcoin a waste of energy? Pros and cons about Bitcoin mining

January 24, 2021

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Bitcoin arouses passion, curiosity and has received more and more media attention, especially after having climbed the ranks of the best financial asset of the decade. However, whenever its price goes up, many doubts and questions arise, mainly around its origin and the energy expenditure by miners. The Bitcoin protocol has created a unique digital […]

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Siemens-backed blockchain energy platform showcases in Germany

October 22, 2020

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The German state-funded energy project uses DLT to enable transparent market transactions. 3416 Total views 7 Total shares A blockchain-based energy trading platform backed by German tech giant Siemens is being publicly demonstrated in a Bavarian municipality today. The so-called “Pebbles” project — short for “peer-to-peer energy trading based on blockchains” — is holding a […]

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