#energy consumption News

Sustainable Bitcoin Mining Bolstered by German Company

September 9, 2019 by Ashwath Balakrishnan at Bitcoin

Northern Bitcoin AG, a German company specializing in the manufacturing of sustainable infrastructure for cryptocurrency mining, has announced the competition of testing for their newest product: an air-cooled mining container. As per the press release, the container can fit up to 144 ASIC rigs and is hospitable in an outdoor...

Bitcoin protecting its ears from a loud cryptocurrency miner

Maltese Bitcoin Miner Wins Lawsuit Against Mining Equipment Seller

August 7, 2019 by Ogwu Osaemezu Emmanuel at Bitcoin

Malta's Consumer Claims Tribunal (MCCAA) has ordered Dario Azzopardi, a retailer of Bitcoin mining machines to refund $2,239 (€2,000) to a client who claimed that the machine they had purchased from the firm generates a lot of noise and massively consumes electricity, reports Malta Today on August 6, 2019. Refund...

Iranian Official holding a crypto approved sheet Iran flag green tick

Iran: Cryptocurrency Industry now “Official” in the eyes of the Government

July 23, 2019 by Eddie Mitchell at Regulation

Irans Head of Economic Commission has announced to Mehr News Agency that the government now officially acknowledges the cryptocurrency industry. Seemingly, with a primary motivation to alleviate the weight of sanctions imposed by the U.S., the news arrives in tandem with the government loosely establishing energy rates for cryptocurrency mining,...

The Woz lookking happy infront of Eforce company picture

Apple’s Steve Wozniak Launches Blockchain Firm in Malta

July 19, 2019 by Ogwu Osaemezu Emmanuel at Business

Steve Wozniak, the co-founder of Apple has launched EFFORCE, a Malta-based startup that’s looking to use distributed ledger technology (DLT) to improve energy use and lower consumption, reports Independent on July 18, 2019. “Woz” Launches EFFORCE in Malta Per sources close to the matter, Steve “Woz” Wozniak, the renowned American...

Authority man findin a cryptocurrency mining machine

Iranian Authorities Impound 1,000 Bitcoin Mining Machines

June 28, 2019 by Ogwu Osaemezu Emmanuel at News, Regulation

Power officials in Iran have seized 1,000 bitcoin mining machines in two abandoned factories turned into mining farms in the central province of Yazd, Iran. The officials claim the cryptocurrency mining equipment was seized because their operators illegally made use of government-subsidized electricity, according to a Tech2 report on June...

Canada: Quebec Allocates Additional Electricity Towards Local Blockchain Ecosystem

May 1, 2019 by Aisshwarya Tiwari at Blockchain, Mining, News, Tech

On April 29, 2019, Quebec’s energy regulator Regie de l’energie announced that it will move forward with the proposal to allocate an additional 300 MW block of electricity to the local blockchain ecosystem. With this, the Canadian province’s blockchain industry has a total of 668 MW of electricity at its...

Germany: Six Arrested in Illegal Crypto Mining Operation

February 9, 2019 by Tokoni Uti at Altcoins, Bitcoin, Crime, News

German police have arrested six members of a mining ring who were making use of stolen electricity to mine currency since 2017, as reported by Freie Presse, February 6, 2019. Hijacked Power While people around the world enjoy using cryptocurrency, the actual process of mining crypto is quite tedious and...

Mining Bitcoin no Longer Profitable, JPMorgan Says

January 26, 2019 by Priyeshu Garg at Bitcoin, Commentary, Finance, Mining, News

The drop in the price of Bitcoin has rendered a large percentage of mining operations unprofitable, with only low-cost mines in China operating without losses, Bloomberg reported on January 25, 2019. Diminishing Returns The plummeting price of almost all cryptocurrencies has affected every sphere of the crypto industry, with everyone...

Cryptocurrency Miners May Have to Pay More for Electricity in Chelan County

November 18, 2018 by Rahul Nambiampurath at Altcoins, Bitcoin, Business, Mining, News, Regulation

There is little doubt that cryptocurrency mining is extremely power intensive, with particular emphasis on coins that still rely on the Proof-of-Work (PoW) consensus mechanism. Recognizing this, Washington State’s Chelan County Public Utility District (PUD) has proposed a rate hike for mining enterprises within the region. The county is currently...

Chelan County PUD Looking to Increase Energy Rate for Bitcoin Mining by 7 Cents Per KWH

August 22, 2018 by Ogwu Osaemezu Emmanuel at Bitcoin, Business, Mining, News, Regulation

On August 20, 2018, cryptocurrency miners in the Washington state held another round of public comment with the electricity providers to discuss the proposed power rate increment. However, nothing good came out of the meeting as the Public Utility District (PUD) officials have postponed the hearing. Bitcoin Miners Lament According...

The New era of Large-scale, Commercial Crypto Mining

Plattsburgh Pushes back against the Crypto Miners, again

July 31, 2018 by Eric Czuleger at Bitcoin, Business, Mining, News, Regulation

Cheap energy prices are sending crypto miners to the U.S.-Canadian border, turning hydropower into hash power, but the authorities are beginning to fight back. Taking Advantage of the Public Utilities Plattsburgh, a small town on the North American border has become ground zero for crypto mining. Owing to its proximity...

Power Ledger Blockchain to Bring Lights Back on in Puerto Rico

Peer-to-Peer Power Electrifies Australia with Blockchain and Renewables

July 31, 2018 by Eric Czuleger at Adoption, Altcoins, Blockchain, News

Power Ledger, a peer-to-peer renewable energy marketplace, is electrifying an entire apartment building using blockchain-based renewable energy according to July 30, 2018, reports. Public-Private Partnership Power Ledger is an Australian based renewable energy startup which has been operating since 2017. It created a platform that allows its customers access to...

Swytch Incentivizes Renewable Energy Usage, Ongoing Trials Promising

July 20, 2018 by contributor at Altcoins, Blockchain, Business, News

The excessive use of fossil fuels forms one of the most significant contributors to climate change since the past decade, and with the overexpansion of cities and ever-growing production demands from consumers, the environment is primed for an unsustainable crisis. Research suggests over 30 gigatons of hydrocarbons were released in...

Amidst Bear Market, Crypto Miners Repurpose Mining Equipment

July 20, 2018 by Priyeshu Garg at Altcoins, Bitcoin, Business, Ethereum, Mining, News

A growing number of cryptocurrency miners are finding other ways to put their equipment to use as depressed digital asset prices make it increasingly difficult to stay afloat in the market. This is the theme of a special report in the Los Angeles Times July 17, 2018, which outlines amongst other...

Press Release

Titanium and Deuterium, Shaken, not Stirred: Deneum Reveals its Power Station to Revolutionize Global Energy Market, Gears Up For $89 Million ICO

July 19, 2018 by Guest Post at Press Releases

Deneum Breakthrough in Particle Physics Allows its Power Stations to Generate 95 percent Cheaper Electricity, Autonomously, at Any Conditions. Moscow, July 19, 2018: Deneum, an IT company to shift the paradigm of the energy industry with its Deneum Power Station, announced it had successfully concluded a $770 000 private sale....

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