Energy Consumption Financial News

01.02 / 00:47

regulation proof-of-work Energy Consumption lawmakers US lawmakers Bitcoin mining advocate is going state-to-state to educate US lawmakers

Dennis Porter, chief executive officer of the Satoshi Action Fund, is taking the fight for hearts and minds on Bitcoin mining to Washington, D.C. and beyond in an effort to support friendly legislation.

28.11 / 05:30

Energy renewable energy Energy Consumption Bitcoin Nic Carter, other pro-Bitcoiners fight climate impact narrative in new paper

Bitcoin mining is a “critical tool” for clean energy and balancing the grid, according to a new working paper penned by Bitcoin advocates and the former president of ERCOT, the operator of Texas’ electrical grid.

30.10 / 11:33

Adoption Energy United Nations renewable energy Energy Consumption Bitcoin Bitcoin price and energy use for mining highly correlated: UN report

Update: This article has been updated to highlight that the UN report referenced the Mora et al. 2018 paper, which overestimated the emissions of mining operations by including unprofitable mining rigs in their analysis.

21.09 / 04:41

renewable energy Energy Consumption Bitcoin analyst Bitcoin energy pivot achieves what ‘few industries can claim’ — Bloomberg analyst

While the Bitcoin network has continued to expand over the years, the Bitcoin mining industry has yet to see a comparable increase in carbon footprint — an achievement that a Bloomberg analyst argues “few industries can claim.”

08.09 / 18:43

markets Energy Energy Consumption Bitcoin Bitcoin Price analyst Bitcoin energy value metric puts BTC’s ‘fair value’ at $47K — Analyst

Bitcoin’s price is trading in a frustratingly tight range between $25,500 and $26,500, leaving traders unsure of the next direction that the asset could take.

10.04 / 16:25

Mining regulation Energy Consumption 'Don't Mess with Texas Innovation' — advocates criticize bill removing crypto mining incentives

Three crypto advocacy groups have launched a campaign in response to proposed legislation that would remove many incentives for miners operating in Texas.

28.03 / 16:43

Blockchain Technology Energy Decentralization renewable energy Energy Consumption Bitcoin How Irish farmers turn cow dung into digital gold (Bitcoin)

An Irish dairy farmer has found an unusual way to make use of the excess energy produced on his farm — by turning to Bitcoin (BTC) mining. Tom Campbell, who runs a farm in County Armagh, Northern Ireland, produces renewable energy using a method called anaerobic digestion. This involves breaking down biodegradable material to a point where it creates methane gas, which can be used to produce electricity.

06.11 / 19:05

Payments Energy Energy Consumption Bitcoin Why banking uses at least 56 times more energy than Bitcoin

The next time Bitcoin (BTC) comes under fire for energy consumption, remember this statistic. The banking industry uses at least 56 times more energy. That's according to cryptographer and founder of Valuechain, Michel Khazzaka:

18.10 / 22:53

regulation Environment European Union Energy Consumption European Commission regulatory Europe moves toward regulatory action on crypto’s environmental impact, energy use

The European Union (EU) released a package of documents on Oct. 18 related to an action plan for implementing the European Green Deal and the REPowerEU Plan, both of which aim at energy savings by digitalizing the energy sector. The European energy planners have crypto miners in their sights along with myriad other energy users.

15.09 / 23:51

business Environment proof-of-work Energy Consumption stake Environmental groups want Bitcoin to follow Ethereum’s example in moving to proof-of-stake

Transitioning the Ethereum blockchain from proof-of-work to proof-of-stake has reduced its energy usage by more than 99% — and many climate activists have called for Bitcoin to follow suit.

18.08 / 01:05

business Energy Consumption 'There's a lot less land to go around' — why White Rock established off-the-grid mining in Texas

Amid many cryptocurrency mining firms in Texas scaling down operations to reduce the load on the power grid, at least one company set up miners not quite as affected by the state’s energy requirements during extreme heat.

06.08 / 01:55

business Energy Consumption Texas Power Bitcoin production Core Scientific increased Bitcoin production by 10% in July amid Texas power cuts

Crypto mining firm Core Scientific reported its operations produced 1,221 Bitcoin (BTC) in July even as the company powered down several times in response to demand on the Texas power grid.

15.07 / 07:39

Mining Energy Consumption Bitcoin BTC Mining Costs BTC mining costs reach 10-month lows as miners use more efficient rigs

The cost of mining one Bitcoin (BTC) has fallen to ten-month lows as mining hardware becomes more efficient, and difficulty has dropped 6.7% since its May peak.

31.05 / 07:39

Ethereum proof-of-work Consensus Energy Consumption Testnet Ropsten Ethereum testnet ready for Merge ‘first dress rehearsal’

The Ropsten testnet on the Ethereum network is ready to set the stage for the “first dress rehearsal” of the Merge to adopt the Proof-of-Stake (PoS) consensus mechanism.

26.11 / 07:21

Altcoin solana Energy Energy Consumption Report claims each Solana TX uses less energy than 2 Google searches

A transaction on the Solana network takes less energy than two Google searches, and 24 times less energy than charging your phone, according to a Nov. 25 report by the Solana Foundation.

frequently asked questions about Energy Consumption

What is Energy Consumption and why is it relevant?

Energy Consumption is a high-demand area that interests a wide audience. On our site, we regularly publish articles related to this subject.

Where can I find the latest updates on Energy Consumption?

All recent news about Energy Consumption can be found in the special selection. We publish information regularly.

How can I verify the accuracy of information on Energy Consumption?

We rely on trusted sources to ensure that the information about Energy Consumption is well-supported and informative for our readers.