Electricity Financial News

23.04 / 11:37

crypto mining Electricity Malaysian State Records Largest Number of Power Theft Cases Linked to Crypto Mining

Power theft in the Sarawak state of Malaysia for crypto mining has been a growing problem for past several years. Recently, three covert crypto mining operations, suspected of electricity thefts, were uncovered in shophouses and residential homes in Miri region.

12.04 / 10:37

crypto mining Electricity British Columbia British Columbia Province to Regulate Electricity Supply for Crypto Miners

Canadian province of British Columbia is seeking to regulate electricity use by crypto miners, due to their “unchecked growth.”

22.02 / 05:41

crypto mining Electricity Why Finland Could be Europe’s Next Crypto Mining Giant

Finland is emerging fast as an attractive place for crypto mining due to its relatively cool climate, which helps with cooling mining rigs, and its abundant renewable energy sources.

31.08 / 08:41

Adoption Mining Environment Electricity ESG Bitcoin Consumption index Cambridge Bitcoin Electricity Consumption Index updated to reflect hardware distribution and hash rate increases

Researchers behind the well-known Cambridge Bitcoin Electricity Consumption Index (CBECI) have officially revised its methodology to enhance the accuracy and reliability of the Index’s estimates for the first time since its inception in 2019.

28.08 / 15:47

Electricity miners Power Laos Cuts Power Supply To Crypto Mining Firms, Cites Production Concerns

Electricite du Laos (EDL), the state-run power distribution company, has announced a major cut to crypto mining firms in the country, swerving from its pro-crypto stance since 2021.

05.05 / 15:35

Mining regulation white house Taxes Electricity Bitcoin Will Biden's plan to tax crypto mining reduce emissions? Critics say no

Cryptocurrency miners based in the United States could soon face a tax equal to 30% of the cost of electricity they use if President Joe Biden’s proposed budget for the fiscal year 2024 is approved by Congress, but the proposal has sparked debate about whether it would actually decrease global emissions and energy prices.

10.03 / 01:51

Mining regulation Taxes Electricity Biden budget proposes 30% tax on crypto mining electricity usage

A phased-in 30% tax on cryptocurrency mining electricity costs has been proposed by United States president Joe Biden in his administration's 2024 fiscal year budget.

24.02 / 09:03

Mining regulation Court Electricity Bitcoin Man faces arrest over alleged crypto mine hidden under a school

A former facilities worker who allegedly set up a secret cryptocurrency mining operation inside a Massachusetts school’s crawl space is due for arrest after missing a scheduled court hearing to answer to charges.

26.01 / 14:33

Blockchain Mining wallet proof-of-work Electricity Smartphone Bitcoin How to mine Bitcoin at home

Bitcoin mining (BTC) is the process of adding transactions to the Bitcoin blockchain, a decentralized public ledger of all Bitcoin transactions. Miners use powerful computers to solve complex mathematical puzzles, known as proof-of-work (PoW), to validate transactions and add them to the blockchain. In return, miners receive newly minted BTC as a reward for their work.

22.12 / 09:25

Adoption Electricity Bitcoin British Columbia Power Crypto miners British Columbia to halt new power connections for crypto miners

A state-owned electric utility provider in the Canadian province of British Columbia is set to halt all new electricity-connection requests from cryptocurrency miners for a period of 18 months.

07.11 / 16:25

European Union Electricity Gas and electricity bills 'nearly double in all EU capitals', new data reveals

Energy costs for households across Europe nearly doubled compared to a year ago, new data has revealed.

04.11 / 01:05

business Mining Electricity Crypto miners Quebec's energy manager to seek government approval to stop powering crypto miners

Hydro-Québec, the firm managing electricity across the Canadian province of Quebec, plans to reallocate energy supplied to crypto mining firms.

26.10 / 13:35

Electricity Power NOT Ukraine war: Ukrainian refugees urged not to return home this winter as power cuts loom

Ukrainian refugees are being urged not to return home this winter as the country battles to conserve power.

26.10 / 13:35

Electricity Macron and Scholz to try to mend differences in Paris lunch meeting

Emmanuel Macron and Olaf Scholz will meet in Paris on Wednesday in a bid to quell rumours that the Franco-German engine is spluttering.

06.10 / 18:31

regulation Taxes Electricity Norway's government proposes eliminating reduced electricity tax for Bitcoin miners

Trygve Slagsvold Vedum, the finance minister of Norway, has suggested the government abolish a scheme that allows crypto data centers to pay a reduced rate on electricity.

27.09 / 10:27

Electricity Bitcoin Nuclear and gas fastest growing energy sources for Bitcoin mining: Data

The electricity mix of Bitcoin (BTC) has drastically changed over the past few years, with nuclear energy and natural gas becoming the fastest growing energy sources powering Bitcoin mining, according to new data.

08.09 / 22:19

Energy Electricity Queen Elizabeth II has died: What happens next?

Nothing has been left to chance about the death of Queen Elizabeth II, which was confirmed on Thursday afternoon.

08.09 / 20:53

Energy Electricity British monarch Queen Elizabeth II dies aged 96, announces Buckingham Palace

Buckingham Palace has announced that Queen Elizabeth II has died.

30.07 / 16:49

Agriculture Electricity Heatwave Thousands of protesters storm Iraq parliament building in Baghdad

Thousands of followers of an influential Shiite cleric breached Iraq's parliament on Saturday, for the second time this week, to protest government formation efforts lead by his rivals, an alliance of Iran-backed groups.

22.07 / 09:37

business Blockchain Electricity Texas Compass Mining to add 25,000 ASIC miners just weeks after staff cuts

Mere weeks after announcing staff lay-offs and salary cuts, Compass Mining has unveiled expansion plans in the form of a 75 megawatt (MW) hosting partnership with Compute North for its data center in Granbury, Texas.

28.06 / 09:41

business Mining Electricity bills Power Compass Mining loses facility after allegedly failing to pay power bill

Bitcoin (BTC) mining hardware and hosting company Compass Mining has lost one of its Maine-based hosting facilities after the owner, Dynamics Mining, terminated the hosting agreement between the two, claiming Compass failed to pay the required bills.

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