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Crypto stakeholders criticize New York Times for ‘hit piece’ on Bitcoin mining
Several crypto stakeholders have criticized the New York Times April 10 report on Bitcoin (BTC) mining, arguing that it does not reflect happenings in the industry. What NYT wrote According to the report, Bitcoin mining consumes as much electricity as a small city. дальше »
2023-4-10 14:30 | |
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Development of ChatGPT turned out to be equivalent to mining 111 bitcoins
Stanford University employees conducted a study to find out how much electricity was consumed when creating the chat bot ChatGPT and similar virtual assistants. According to scientists, last year the development of GPT-3 required 1300 megawatt-hours of electricity, during the production of which the amount of carbon dioxide emissions into the atmosphere reached 502 tons, […] Сообщение Development of ChatGPT turned out to be equivalent to mining 111 bitcoins появились сначала на Coinstelegram. дальше »
2023-4-5 18:00 | |
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US authorities to impose 30% electricity tax on crypto mining
The President Joe Biden administration has proposed imposing a 30% electricity tax on crypto mining operations in the United States. The move is attracting severe criticism from industry players. Despite the unfavorable market conditions and FUD that have plagued the… дальше »
2023-3-10 16:24 | |
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U.S. Treasury Department Proposes 30% Excise Tax on Crypto Mining Firms
A provision in the department’s “Greenbook,” its list of tax proposals and explanations for U.S. President Joe Biden’s budget proposal, would create a phased-in excise tax based on the costs of the electricity used in crypto mining, imposed on the companies “using computing resources” to mine cryptocurrencies. дальше »
2023-3-10 02:02 | |
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Authorities Uncover Crypto Mine Hidden Under A School
The police have moved to arrest a former Massachusetts state facility worker for allegedly stealing nearly $18,000 worth of electricity to run an illegal crypto-mining operation. According to reports, the accused, Nadeem Nahas, set up a secret crypto-mining facility inside Cohasset High School’s crawl space. дальше »
2023-2-25 17:00 | |
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US school employee charged for mining crypto with stolen electricity
A former facilities worker in the US state of Massachusetts is accused of stealing nearly $18,000 in electricity to power his crypto mining operation in a school's crawl space. дальше »
2023-2-25 16:15 | |
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Bitcoin miners made a big mistake during COVID
It has been a tough year for Bitcoin miners. 2022 brought the nasty cocktail of rising costs and falling revenue. The former was predominantly affected by spiking electricity costs, while the latter came out of the plummeting Bitcoin price, which has fallen from its peak of close to $69,000 to $17,000. дальше »
2023-2-13 14:11 | |
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Get started with cloud mining with QubitHashes
In 2022, the Bitcoin network consumed 0.5% of the world's electricity - more than Argentina, but less than Norway. The amount of electricity needed to maintain the network is rapidly growing every yeaThe post Get started with cloud mining with QubitHashes appeared first on AMBCrypto. дальше »
2023-2-8 17:15 | |
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Bitcoin mining firms Hut8 and US Bitcoin announce merger
Hut 8 and U.S. Bitcoin have joined forces to form a new bitcoin mining corporation dubbed Hot 8 Corp., a large-scale publicly listed bitcoin mining corporation with access to 825 MW of electricity. дальше »
2023-2-8 19:46 | |
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What is the Bitcoin hash rate? And why is at all-time highs?
Key Takeaways The Bitcoin hash rate is the amount of computing power contributed towards mining It has continued to take new all-time highs This squeezes miners’ profitability, at a time when electricity costs have risen and the Bitcoin price has fallen Overall, a high hash rate implies a healthy and more secure Bitcoin network […] The post What is the Bitcoin hash rate? And why is at all-time highs? appeared first on CoinJournal. дальше »
2023-1-27 13:33 | |
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YES WORLD Launches Physical Green Technology Product That Saves On Electricity
Blockchain-based climate tech company – YES WORLD Climate Tech Pte Ltd launches the world’s first Energy Efficient Windows Solution for home and commercial buildings. This new product line of specialized glass is part of company SAVE EARTH MISSION to reduce the carbon footprint from the atmosphere. дальше »
2023-1-7 18:14 | |
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Bitcoin Mining Used More Electricity Than Sweden in 2022, Says Report
Bitcoin mining reportedly exceeded Sweden’s electricity usage last year, yet alternatives are emerging in the mining mix. The post Bitcoin Mining Used More Electricity Than Sweden in 2022, Says Report appeared first on BeInCrypto. дальше »
2023-1-3 22:35 | |
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Canada’s western province, BC, will block new cryptocurrency miners
British Columbia, Canada, will deny electricity to new crypto mining firms, according to a press release published by the provincial government on December 21. The post Canada’s western province, BC, will block new cryptocurrency miners appeared first on CryptoSlate. дальше »
2022-12-22 06:00 | |
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Why are Bitcoin miners struggling so much? Core Scientific file for bankruptcy
Key Takeaways Core Scientific was worth over $4 billion last summer, but is down 985 form all-time highs Rising electricity costs are hiking costs with falling Bitcoin prices hurting revenue With hash rate near all-time highs, the entire mining industry is struggling The crypto winter continues to take victims. дальше »
2022-12-21 15:58 | |
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Paraguay Crypto Bill Axed by Lawmakers, Cheap Bitcoin Mining Prospects Disappear
A Paraguay crypto bill focused on taxation and crypto mining has been tabled by lawmakers. The bill would have established electricity cost caps for mining. The post Paraguay Crypto Bill Axed by Lawmakers, Cheap Bitcoin Mining Prospects Disappear appeared first on BeInCrypto. дальше »
2022-12-7 08:47 | |
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European Union’s Action Plan on Digital Energy Might Affect Crypto Mining
The European Commission (EU) action plan seeks to curb electricity use for crypto mining among member states. дальше »
2022-10-19 15:30 | |
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Norway Minister Proposes Scrapping Reduced Tax Policy For Minors
Cryptocurrency mining surf a large quantity of electricity. And since the crypto industry saw widespread adoption in recent years, it scaled up mining activities likewise, which caused electricity shortages in some countries like Iran and Kosovo. дальше »
2022-10-7 02:59 | |
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Ethereum Green Credentials Boosted By Merge, But Bitcoin Still Falls Behind
Bitcoin mining has struggled to become more environmentally sustainable, whereas Ethereum has nearly eliminated its carbon footprint after the Merge, a report claims. Bitcoin mining projects, which require outsized amounts of electricity to process transactions and create new coins, have been working to shift to cleaner resources, following backlash from policymakers, investors, and environmentalists. дальше »
2022-9-28 18:00 | |
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Usage of non-renewable energy in Bitcoin mining increased by 13% in 2021
The Cambridge Centre for Alternative Finance (CCAF), which tracks the electricity consumption of Bitcoin (BTC) mining, added the sources of energy in a major update on September 27. The post Usage of non-renewable energy in Bitcoin mining increased by 13% in 2021 appeared first on CryptoSlate. дальше »
2022-9-27 16:00 | |
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Bitcoin Mining's Sustainable Electricity Mix May Be Declining, Says Cambridge University Research Organization
Cambridge University's Centre for Alternative Finance's (CCAF) latest research into bitcoin mining suggests the mix of sustainable electricity used is in decline. дальше »
2022-9-27 10:00 | |
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ETH Merge Has Decreased World Electricity Usage By 0.2%, Making It The Biggest Decarbonization Event In History
It’s good news for the Ethereum community and the world as the network finalizes the execution of a merge to usher in the era of the Proof-of-Stake operating model instead of the old Proof-of-Work system that has been running the network for close to a decade. дальше »
2022-9-18 22:51 | |
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