Tag: Electricity
Less Electricity Is Being Used for Mining Following Crypto Crash
The amount of electricity being used for mining cryptocurrency has shot down by roughly 50 percent as the crypto crash continues to take hold. Electricity…
Bitcoin Mining Firm Layer1 Is Selling Its Excess Electric Power
The coronavirus pandemic has proven rather devastating to the bitcoin mining community. Many have had to shut themselves down given that they are not considered…
Cryptocurrency Miners in this U.S. County Could Soon be Facing Higher Electricity Bills
A county in the U.S. state of Washington is seeking to impose higher electricity rates for cryptocurrency miners. Cryptocurrency mining is a touchy subject, especially…
Blockchain Startup Hopes to Light Up Nigeria with Affordable Solar Power
A blockchain-based platform in Nigeria is hoping to bring affordable solar power to citizens in the country and others in Sub-Saharan Africa who are living without…
Man Sentenced to 3.5 Years for Stealing Train Network’s Electricity to Mine Bitcoin
A man has been sentenced to three and a half years in prison after pleading guilty to stealing electricity from a train network to fuel…
Clean Energy Can Turn Bitcoin Mining Into an Eco-friendly Business
The concept of mining Bitcoin is subject to a lot of scrutiny. High electricity usage has both utility providers and governments concerned. The quest for…
Bitcoin Mining Operators Hit with Substantial Electricity Rate Increases
One county in Washington state is raising the electricity costs for Bitcoin mining substantially over the next three years. It’s going to get a great…
Quebec to Lift ban on Selling Electricity to Cryptocurrency Mining Firms
Cryptocurrency mining is very popular in Canada. This is both a blessing and a curse for local officials. The Quebecois government had taken exception to…
