Quebec’s Energy Manager To Cut Supply For Crypto Mining Due To Shortage

2022-11-7 01:04

Cryptocurrencies are generated via a process known as crypto mining which consumes massive amounts of electrical power. And higher energy consumption has consequently brought electrical power shortages in many countries due to increased mining activities.

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Crypto Miners Lobby U.S. Lawmakers to Counter Environmental 'Misunderstanding'

When crypto mining is discussed in the U.S. Congress, it's often tied to claims that mining operations are environmental parasites, sapping finite energy resources. But representatives of that sector flooded offices on Capitol Hill this week to argue their businesses can help stabilize the power grid, tie into renewable resources and foster domestic technology.

2023-10-28 18:51