Electricity | Crypto Profit Bot

Tezos blockchain notes power savings after PoS switch: PwC report

December 7, 2021

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The switch to proof-of-stake has had noticeable energy saving effects for the Tezos network. 1277 Total views 31 Total shares Tezos, a privacy-focused blockchain network, released its carbon footprint report from PricewaterhouseCoopers Advisory SAS, a French member firm of the PwC network. The PwC report reflects drastic improvements in energy efficiency for Tezos since moving […]

Industrial Bitcoin mining breathes new life into tiny Texan town

November 1, 2021

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Major Bitcoin miners have set up shop in a former aluminium smelting plant in the small Texan town of Rockdale. 4796 Total views 93 Total shares Two Bitcoin mining giants are duking it out for cheap electricity in the tiny town in Texas. Both Bitdeer, a mining firm that spun out from Chinese giant Bitmain, […]

Texas should use Bitcoin mining to capture wasted natural gas: Sen. Ted Cruz

October 11, 2021

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Senator Cruz predicts that Bitcoin mining will be used to capture wasted renewables and Texas’ power grid within five years. 3196 Total views 39 Total shares U.S. Senator Ted Cruz believes The United States should be using natural gas to mine Bitcoin instead of flaring it. Speaking during the Oct. 8 Texas Blockchain Summit, Senator […]

Canadian Bitcoin mining firm Link Global faces $5.6M penalty

October 5, 2021

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Link Global has received an extension to Oct. 14, 2021, as the deadline for filing its response to the action. 299 Total views 2 Total shares Link Global Technologies, a Bitcoin (BTC) mining company listed on the Canadian Securities Exchange, is facing major potential penalties for operating unauthorized power plants in the province of Alberta. […]

Bitcoin mining estimated to represent 0.9% of global carbon emissions in 2030

September 22, 2021

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New York Digital Investment Group estimates that Bitcoin mining will not represent more than 0.4% of global electricity consumption over the next decade. 3284 Total views 17 Total shares A new study from the New York Digital Investment Group (NYDIG) has projected that Bitcoin’s energy consumption will remain below 0.5% of the global total over […]

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 […]

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 […]

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 […]

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 […]

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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Category: Electricity