Electricity Financial News
25.06 / 10:05
business
Blockchain
Electricity
Bitcoin
Drop
Power
network
Bitcoin Network
Bitcoin network power demand falls to 10.65GW as hash rate sees 14% drop
The overall power consumption of the Bitcoin (BTC) network recorded a drastic drop after mimicking the two-week-long fall in the mining hash rate, which reduced the commuting power for mining BTC blocks to 199.225 exahash per second (EH/s).
05.05 / 04:09
Government
Law
Electricity
Power
Consumption
Crypto miners
Kazakhstan ramps up power consumption reporting requirements for crypto miners
The government of Kazakhstan has laid out new reporting requirements for cryptocurrency mining operators with a keen eye on how the industry's energy usage affects the local power grid.
03.02 / 16:09
Blockchain
proof-of-work
POW
Electricity
Report crowns Solana for using least energy per transaction, but there's a catch
Solana (SOL), one of the most active proof-of-stake (PoS) blockchains, appears to be a PoS protocol consuming the lowest amount of electricity per transaction, according to a new report.
03.02 / 00:47
business
Mining
Electricity
Texas
Crypto miner in Texas shuts down 99% of operations as winter storm approaches
With Winter Storm Landon expected to hit parts of Texas this week, major crypto mining firms are powering down in anticipation of high demands on the state’s power grid.
25.01 / 01:21
business
Mining
Electricity
Power
Crypto miners
Fitch Ratings warns of risks crypto miners pose to US power supply
Global credit rating agency Fitch Ratings is warning public power utilities across the United States to mitigate the risk crypto mining could post their production of power.
11.01 / 00:01
Law
Electricity
Bitcoin
Single inactive volcano has 90% chance of powering El Salvador's Bitcoin City, according to president
El Salvador's President Nayib Bukele has claimed officials will be able to use geothermal energy from one of the country’s inactive volcanoes to power its Bitcoin City project.
25.11 / 04:29
Electricity
Bitcoin
Power
Bitcoin mining power crunch: Kazakhstan looks toward nuclear solution
The exodus of Bitcoin miners from China into Kazakhstan has contributed to an energy crunch that the central Asian country’s president has proposed solving with nuclear energy.
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