Tag: Electricity

A New Bitcoin World

Bitcoin Volumes in Venezuela Plummet During Nationwide Blackout

Bitcoin Volumes in Venezuela Plummet During Nationwide BlackoutVenezuelans are having a difficult time as the country’s power grid shut off on March 7, leaving the majority of Venezuelan states with no electricity for well over a week. According to reports on March 14, electricity has been restored throughout most states within the country. However, during the week-long blackout, bitcoin trades on the […]

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March 15, 2019 0

Two Mining Companies Among Georgia’s Major Electricity Consumers

Two Mining Companies Among Georgia’s Major Electricity ConsumersTwo companies mining cryptocurrencies have topped a list of the largest consumers of electricity in Georgia. In this crypto-friendly nation, however, that’s not necessarily a sin or a disadvantage. Energy-intensive enterprises in the Caucasian country purchase the power they need at wholesale prices. Also read: Huobi and Major Russian Bank to Provide Legal Help to […]

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December 31, 2018 0

Bitcoin Mining News: Norway Revokes Subsidies, Bitmain Opens Washington Facility

Norway Revokes Mining Subsidies, Bitmain Opens Washington FacilityIn mining news, Norway will revoke electricity subsidies currently available to cryptocurrency miners at the start of next year. Also, Bitmain has opened a 12 megawatt data center in East Wenatchee, Washington, and Bitfury has announced new additions to its advisory board and board of directors. Also Read: Markets Update: Dump Drives Record BTC Volume on […]

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November 23, 2018 0

Bitcoin Miners Flock to Paraguay as Country Weighs Its Social Development Options

Bitcoin Miners Flock to Paraguay as Country Weighs Its Social Development OptionsParaguay’s Itaipú Dam, one of the largest hydroelectric facilities in the world, is supporting bitcoin and ethereum mining in a city on the country’s border with Brazil and Argentina. These efforts have already spawned a number of new cryptocurrency businesses, creating multiple millionaires, but an ongoing reassessment of the dam’s developmental potential could spell boom or bye […]

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November 6, 2018 0

How Bitcoin Mining Can Help Nuclear Reactors

How Bitcoin Mining Can Help Nuclear ReactorsThe most economical, technically simple and safe way to operate nuclear power plants is to generate electricity at a constant rate and as close to full capacity as possible, according to the Nuclear Energy Agency. Bitcoin mining can help by utilizing the excess energy that reactors typically generate outside peak periods of consumption, reducing the […]

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October 17, 2018 0

Projects for Two Mining Pools Under Development in Russia

Russia Developing Own Mining PoolsThe Russian crypto association is working on two projects to create mining pools offering better conditions to the local mining companies. The industry has seen robust growth with an estimated 70,000 enterprises currently operating in the field, according to the organization. Miners are taking advantage of the cheap electrical energy produced in Russia. Many companies […]

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September 9, 2018 0

New York Approves New Electricity Rates for Crypto Miners

New York Approves New Electricity Rates for Crypto MinersNew York is seeking to foster growth in its cryptocurrency mining sector, with the New York State Public Service Commission (PSC) approving new electricity rates for Massena Electric Department. The new provisions will facilitate “high-density load customers, as such cryptocurrency companies” accessing “individual services agreement tariff[s],” including “protect[ion] […] from increased supply costs.” Also Read: Cash […]

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July 14, 2018 0

These Dutch Researchers Are Mining Cryptocurrencies With Body Heat

These Dutch Researchers Are Mining Cryptocurrencies With Body HeatCryptocurrencies may be bringing us closer to a world of singularity and the Matrix more than we can imagine. One experiment designed by Manuel Beltrán aims to bring humans closer to this world by using human-powered energy to mine digital assets. The Dutch-based research and development team called the Institute of Human Obsolescence led by […]

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January 4, 2018 0

Quebec Attracts Cryptocurrency Miners with Inexpensive Hydropower

Quebec is increasingly becoming a location of interest for bitcoin miners. The Canadian province offering inexpensive electricity and cold winters providing inexpensive cooling. Also Read: Chinese Bitcoin Miners Explore Relocating Abroad Amid Fears of Crackdown A Young Canadian Entrepreneur Told Local Media That Quebec Is Becoming a Hotspot for Mining Mr. Bertrand runs approximately 50 ASICs […]

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November 19, 2017 0

Russian Regulators Think They Found a Way to Identify, Tax, and License Crypto Miners

Russia’s regulators have revealed how they plan to find and tax cryptocurrency miners as well as license them. This follows their meeting with Russia’s President Vladimir Putin. At the meeting, they agreed to regulate cryptocurrency mining, alongside cryptocurrencies themselves including bitcoin. Last week, the finance ministry proposed creating a registry of crypto miners. Also read: Research […]

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October 15, 2017 0