2020-8-9 23:10 |
Scientists at the Technical University of Munich examined the energy consumption data of the 20 largest cryptocurrencies by market capitalization and concluded that altcoin mining also has a significant impact on the environment. origin »
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An analysis of the 20 largest crypto assets by market cap determined that Bitcoin mining accounted for only 66% of total power consumption.
2020-8-8 08:16 | |
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The Venezuelan government outlaws mining of Bitcoins (BTC) in any state-owned public housing projects due to ‘high electricity consumption’ and ‘disruption of the national grid supply. ’ However, a group of critics on the moving state the problems facing electricity in the country are inherent to the government’s negligence.
2020-7-20 17:00 | |
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According to the Venezuelan Minister of Habitat and Housing, the government has banned mining operations in any low-income neighborhoods with subsidized housing. Ildemaro Villarroel told the public the restrictions are due to “high power consumption” in those areas.
2020-7-19 19:30 | |
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The newly extended rule that crypto mining farms must offset energy consumption with renewables might also be made permanent.
2020-3-27 19:00 | |
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Биткоин и Ethereum подверглись жесткой критике со стороны CEO Ripple Брэда Гарлингхауса, который осудил высокие энергозатраты на майнинг этих криптовалют. Energy consumption for BTC and ETH mining is a massive waste and there’s no incentive to take responsibility for the carbon footprint.
2020-3-4 15:09 | |
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Here we go again. Another article has come out taking a shot at bitcoin’s energy consumption. The article specifically suggests that a single bitcoin transaction consumes more electricity than a household in Britain for a period of over two months.
2020-3-4 10:24 | |
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Despite the efficiency improvements that BTC mining hardware has experienced over the years, Bitcoin’s electricity consumption is on the rise, according to a recent report. Bitcoin’s energy consumption ‘is on par with Czech Republic’ Bitcoin miners are usually described as the backbone of the Bitcoin network.
2020-2-6 21:00 | |
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Crusoe Energy Systems makes the enormous energy consumption of Bitcoin mining environmentally friendly by reducing gas flaring
2019-12-8 14:56 | |
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According to BBC's Sounds podcast, Georgia is one of the top Bitcoin miners in the world considering its annual revenue of $0.5 billion. The electricity consumption of Bitfury for Bitcoin mining is inThe post Bitcoin and cryptocurrencies are guzzling Georgia's hydro power appeared first on AMBCrypto.
2019-11-9 18:30 | |
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Countries that encourage Bitcoin mining usually have two significant issues to deal with; the environmental impact, and the consumption of power. Many countries set out to become safe havens for miners, but not many of them prepare for the potential fallout, which could be significant in itself.
2019-11-9 09:50 | |
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BitHarp, a renowned manufacturer announced new mining rigs Lyre Miner and Harp Miner. These newly introduced mining rigs promise to deliver high-performance along with the advanced features aimed at reducing electricity consumption and improved usage capabilities for miners.
2019-9-14 03:10 | |
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In this episode of the Bitcoin Magazine Podcast, the guys bring on Brandon Green to talk about an op ed he wrote on the Bitcoin mining energy consumption. The post Energy Companies Are Missing Out on Bitcoin Mining appeared first on Bitcoin Magazine.
2019-9-7 23:22 | |
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The US Congressional Research Service has released a report titled "Bitcoin, Blockchain, and the Energy Sector" that details the current state of energy consumption related to crypto mining and explores the possibility of integrating blockchain tech into current energy systems.
2019-8-13 00:53 | |
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Congressional researchers detailed the current state of energy consumption related to cryptocurrency mining and potential regulations for the energy-intensive process.
2019-8-13 00:30 | |
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Perhaps you aren’t into mining Bitcoins or any cryptocurrency, but here’s a question: who would you feel if you were to buy a BTC miner whose power consumption is higher in value than that of the coins it actually mines? Well, guess you’d be enraged like a Maltese Bitcoin miner who apparently sued a local […]
2019-8-7 23:26 | |
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Top News Stories from July July 1 Islamic Republic of Iran Broadcasting (IRIB) claims that the local government has seized more than 1,000 bitcoin mining devices from two separate mining farms in the country.
2019-8-3 04:12 | |
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Crypto’s mainstream adoption has not only unleashed a new paradigm for global finance, but also raised a fresh set of concerns for its sub-ecosystem, crypto-mining. In order to uncover the truth behind the impact of digital mining, Peter McCormack interviewed University of Cambridge’s Michel Rauchs to discuss the institution’s research on Bitcoin’s power consumption and carbon […] The post Mainstream media has misled vulnerable users on the environmental impact of crypto-mining appeared first on AMBCrypto.
2019-7-18 05:30 | |
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Mohammad Javad Azari Jahromi, the country’s Information and Communication Technology Minister announced the need for a regulation on Bitcoin mining activities in the country. The news was reported by a local news agency, which highlighted a surge in the country’s power consumption due to increased mining activities in recent times.
2019-7-7 14:00 | |
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The University of Cambridge recently launched an index for tracking the electricity consumption from Bitcoin mining. The data provides interesting insights into the profitability and environmental impact of cryptocurrency mining.
2019-7-3 15:03 | |
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It’s no secret that mining bitcoin consumes an extraordinary amount of energy—in fact, more than the entire country of New Zealand. Such a level of energy consumption is not only a problem for the existential issue of climate change, but also threatens the sustainability of the entire bitcoin (and crypto) economy.
2019-6-30 18:00 | |
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Following a surge in power consumption, Iranian authorities detected and seized 1,000 Bitcoin mining machines
2019-6-30 19:01 | |
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Authorities in Iran have seized around 1,000 Bitcoin mining machines from two abandoned factories, according to Reuters. The report hasn’t stated what cryptocurrency was being mined, or for how long the farm had been operating.
2019-6-28 11:41 | |
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On Tuesday, the Iranian energy grid corporation Tavanir warned illegal bitcoin mining operations that they would be cut off from their supply. Following the announcement, pictures of a mining facility set up in a mosque went viral on social media.
2019-6-27 20:45 | |
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Mostafa Rajabi Mashhad, the spokesperson for Tavanir, an Iranian state-operated grid entity, has explained that electrical consumption has spiked by 7% in comparison to the previous year. Rajabi blames illegal cryptocurrency mining operations for the country’s increased electrical consumption and has warned that illicit mining facilities will be cut off from the grid.
2019-6-26 00:30 | |
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Colorado has guaranteed the emission of low-cost energy to large industrial or commercial customers. The new legislation, however, raises questions about how the cryptocurency mining industry might hurt the state’s clean energy goals.
2019-6-25 11:00 | |
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By CCN Markets: Here we go again. Yet another article has surfaced taking potshots at the perceived threat of Bitcoin’s energy consumption. A recent article out of MIT Technology Review claims that: Mining Bitcoin is a hugely wasteful process.
2019-6-14 14:55 | |
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There’s a lot of debate over whether bitcoin mining is bad for the environment. Many bureaucrats and mainstream media pundits claim that mining is wasteful and bitcoin’s energy consumption cannot be ignored.
2019-6-7 18:22 | |
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Crypto treasury management firm, CoinShares publishes a report in which it noted Bitcoin Mining using mostly renewable energy. Analysts have been criticizing the energy-intensive proof-of-work (PoW) the -based process of bitcoin mining – as they've pointed out that it's not eco-friendly.
2019-6-7 17:45 | |
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The Dutch central bank developed and evaluated four distributed ledger technology (DLT) prototypes in three years, but so far blockchain hasn’t lived up to the hype, The Banker reports. In fact, the only use-case it can easily envision is cross-border payments, after it discovered that markets with efficient payment systems that exist (such as Nordic countries and the Netherlands) don’t really benefit from blockchain.
2019-5-1 17:15 | |
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According to the reports, the cryptocurrency mining process requires three times more energy than digging up gold that is worth a dollar. In fact, global Bitcoin mining alone has transcended the energy consumption of some nations including Ireland in recent years.
2019-5-1 00:39 | |
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Cryptojacking — the process of infecting computers with malware to mine cryptocurrency — has declined alongside prices during cryptowinter. But like any dextrous organism facing extinction, the virus and its propagators are adapting.
2019-4-27 22:07 | |
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By CCN: Antoine Le Calvez, a researcher for CoinMetrics, set out to determine how Bitcoin’s environmental impact compares to that of the auto industry. His striking conclusion? US vehicles consume roughly the same amount of energy in three days as Bitcoin has consumed in its entire existence.
2019-4-15 22:00 | |
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Green energy for bitcoins, ethereum, and other cryptomonetes mining. Dago Mining has one initial cost and zero cost on consumption. The cost of the energy component gives profitability to mining. We create our own green renewable energy power plant and we will not have any future energy cost increase.
2019-4-15 06:03 | |
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The problem of improving the energy efficiency of mining has already matured in 2015, becoming by 2019 an acute problem of the industry, which cast doubt on any prospects for further development. The share of mining cryptocurrency in global power consumption by 2019 represents a percentage of global power consumption.
2019-4-14 21:59 | |
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This article was originally published by 8btc and written by Chloe Jiang. Bitmain, the world’s largest bitcoin miner manufacturer, has announced specifications for its Antminer 17 series machines, which will be globally available on April 9, 2019.
2019-4-9 20:14 | |
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In a pushback against power-heavy crypto mining, it has been reported on April 4, 2019, that the Montana County of Missoula has passed a motion requiring all new crypto mining projects to invest in renewable energy.
2019-4-8 13:00 | |
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Cryptomining is the process whereby cryptocurrency transactions are verified and added as new blocks on the decentralized ledger known as the Blockchain. Mining cryptocurrencies is a costly business, in terms of energy usage.
2019-3-28 09:04 | |
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UPDATE: After receiving some feedback from our readers, we found significant evidence that the OnMiners company is likely a scam. We will have more details shortly. OnMiners S. A. is launching a new generation of endothermic cryptocurrency mining rigs that promise high power but low energy consumption while reducing heat and noise generation.
2019-3-20 22:00 | |
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OnMiners S. A. is launching a new generation of endothermic cryptocurrency mining rigs that promise high power but low energy consumption while reducing heat and noise generation. Lowering Mining Costs with Endothermic Chips New companies and new technologies are entering the crypto mining space with the aim of lowering costs and energy consumption.
2019-3-19 22:00 | |
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Bitcoin miners consumed as much as energy in 2018 as Hungary, according to Alex de Vries. The researcher at the Netherlands’ PricewaterhouseCoopers (PwC) branch studied bitcoin’s global energy consumption all across the year.
2019-3-14 16:09 | |
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Chinese Bitcoin mining community is back in action again, buying second-hand mining equipment and making deals with hydroelectric power plants in order to cash on the abundant water supply during the summer would hopefully reduce the energy consumption costs for the miners.
2019-3-5 19:32 | |
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Bither Platform (BTR) is a Three-layer and multi-mining project that is an answer to the energy consumption problem in PoW mechanism, The first layer is a fully functional and secure layer with a reward system for the miners.
2019-3-2 00:03 | |
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Wings Mobile, the Spanish virtual mobile operator, has revealed the development of the world’s first ultra-secure, crypto-mining smartphone – “The Simply Sexy” Wings WX™ – which will have its official unveiling at the Mobile World Congress in Barcelona from the 25 to 28 February 2019.
2019-2-22 18:21 | |
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In a blog post published February 18, 2019, the Chinese cryptocurrency mining juggernaut Bitmain announced the launch of their next generation 7nm ASIC chip, named BM1397. The new chip facilitates faster and more economical mining for cryptocurrencies that use the SHA256 algorithm for computation of mathematical problems.
2019-2-20 13:00 | |
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China-based mining giant Bitmain has announced a new mining rig that uses less power. The hardware mining manufacturer has launched a 7nm application-specific integrated circuit (ASIC) processor dubbed the BM1397.
2019-2-19 00:53 | |
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In a recent blog post, Michael Dubrovsky, the founder of PoWx, explains how the Optical Proof-of-Work (oPoW) works and how it can help Bitcoin (BTC) scale and reduce energy consumption. At the moment, Proof-of-Work (PoW) activities to secure the Bitcoin network require a lot of energy to power the ASIC mining hardware. This is something […]
2019-1-28 23:19 | |
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A startup is vowing to tackle “obscene” levels of energy consumption in crypto mining by enabling users to donate computing power to issues they care about. #SPONSORED
2019-1-15 12:00 | |
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The government of the Republic of Abkhazia has cut power to 15 crypto mining farms amid concerns over electricity consumption
2019-1-2 03:55 | |
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Azultec is a company that has been researching current mining solutions as part of its project to create an efficient alternative with high computing power and low energy consumption. Its Cube devices are silent mining rigs that can be installed in living rooms.
2018-12-29 13:05 | |
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The memecoin era just crossed a line no one expected this early. Dogecoin now has its own U. S. spot ETF. Grayscale has officially launched $GDOG, the first-ever spot Dogecoin ETF in the United States.
The decentralized prediction market sector just witnessed one of its biggest moments to date. @Rain__Protocol’s native token exploded more than 120% today after a public biotech company confirmed a massive nine-figure deployment into the ecosystem.
Key Takeaways: Monad Mainnet is now live, enabling real transactions, EVM-compatible app deployment, and early access to multiple consumer and DeFi apps. The launch introduces a high-throughput Layer-1 architecture using The post Monad Mainnet Goes Live as High-Speed L1 Opens With Full EVM Support and Day-One Apps appeared first on CryptoNinjas.
Key Takeaways: El Salvador acquired an additional 1,090.19 BTC worth about $101 million, its largest single purchase in months. The government’s accumulation goes beyond its ongoing 1 BTC per day The post El Salvador Adds $101M in Bitcoin as Government Buys 1,098 BTC During Market Dip appeared first on CryptoNinjas.
Port3 suffered a critical exploit today. A single validation flaw inside Nexa Network’s cross-chain CATERC20 token standard opened the door to unauthorized minting and a rapid price collapse. What followed was a full-scale breakdown of the token’s security model, a multi-address exploit, and now a complete token migration to stabilize the ecosystem. The incident is [...]
Hyperliquid is entering a critical moment. The project’s first major cliff unlock since its Token Generation Event (TGE) in November 2024 is scheduled for November 29, and the market is already reacting.
Cardano faced a rare and serious network disruption this week after a malformed ADA delegation transaction triggered a long-standing code flaw and caused the blockchain to split into parallel chains.