1. Home
  2. electricity consumption

electricity consumption

Thai Authorities Raid Illegal Bitcoin Mine After Power Outages Spark Resident Complaints

Thai Authorities Raid Illegal Bitcoin Mine After Power Outages Spark Resident ComplaintsThai authorities successfully raided an illegal bitcoin mining operation in Ratchaburi on August 23. The raid came after residents reported frequent power outages. The bitcoin mining operation was found to be consuming electricity that the occupants of the house were not fully paying for. Bitcoin Mine Raided Amid Resident Power Outage Complaints Authorities in Thailand […]

Quantum computing will fortify Bitcoin signatures: Adam Back

Russia Takes Second Place Rank by Power Capacity in Crypto Mining, Reports

Russia Takes Second Place Rank by Power Capacity in Crypto Mining, ReportsRussia is now ranking second in terms of energy capacities engaged in the extraction of cryptocurrencies, new data suggests. Despite persisting regulatory uncertainty and the negative effects of sanctions, the amount of power devoted to the sector has been growing, reaching record highs this year. 1 GW of Electrical Power Involved in Crypto Mining in […]

Quantum computing will fortify Bitcoin signatures: Adam Back

Moldova Bans Cryptocurrency Mining Amid Energy Crisis Caused by War in Ukraine

Moldova Bans Cryptocurrency Mining Amid Energy Crisis Caused by War in UkraineThe government of Moldova has decided to suspend crypto mining activities in the country as it’s facing a major energy crisis. The move is part of emergency measures to reduce power consumption with energy supplies dwindling due to the escalating conflict in neighboring Ukraine. Authorities in Moldova Prohibit Bitcoin Minting and Mining Hardware Imports to […]

Quantum computing will fortify Bitcoin signatures: Adam Back

Bitcoin Mining Report Claims Miner Energy Consumption Mix 56% Sustainable in Q2

Bitcoin Mining Report Claims Miner Energy Consumption Mix 56% Sustainable in Q2During the last three months, there’s been a significant focus on the effects bitcoin mining has on the global environment. While many have claimed bitcoin mining is bad for the environment and many others have stressed that it affects the environment in a positive way, either way, most are relying on unreliable and old data […]

Quantum computing will fortify Bitcoin signatures: Adam Back

Elon Musk’s ‘50% Clean Energy’ Bitcoin Mining Goal Will Be Complicated To Verify

Elon Musk’s ‘50% Clean Energy’ Bitcoin Mining Goal Will Be Complicated To VerifyOn Sunday, Tesla’s CEO Elon Musk tweeted that when there’s “confirmation of reasonable (~50%) clean energy usage by miners with positive future trend, Tesla will resume allowing Bitcoin transactions.” However, there’s a big problem with this goal, as nobody knows exactly how to measure 50% clean energy usage let alone precisely where miners are geographically […]

Quantum computing will fortify Bitcoin signatures: Adam Back