Tag: Energy

How Big Hydro Power Partners With Bitcoin Miners to Prevent Energy Waste

How Big Hydro Power Partners With Bitcoin Miners to Prevent Energy Waste We are often told that the verification of bitcoin transactions eats a lot of energy. The largely inaccurate comparison to a small country, the size of Ireland or Denmark, is evoked thanks to numerous clickbait headlines. What mainstream […]

Iranian Energy Grid Blames 7% Consumption Increase on Bitcoin Miners

Iranian Energy Grid Blames 7% Consumption Increase on Bitcoin Miners 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 […]

74% of the World’s Bitcoin Mining Operations Driven by Renewable Energy Says Report

74% of the World’s Bitcoin Mining Operations Driven by Renewable Energy Says Report 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. However, these claims have been […]

Québec Allocates 300 MW Energy Quota for Crypto Mining

Québec Allocates 300 MW Energy Quota for Crypto Mining Québec, the resource-rich Canadian province, has made up its mind about cryptocurrency mining. Régie de l’énergie, the region’s energy regulator, has rendered its decision on the blockchain sector and lifted the moratorium on electricity supplies. An additional 300 MW of energy […]