Category: Electricity

Public Gets Chance to Earn Block Rewards by Donating Computing Power to Scientific Research

A startup has unveiled bold plans to tackle the excessive levels of energy consumption seen in cryptocurrency mining, all while…

Government of Abkhazia Cuts Off Power to 15 Cryptocurrency Mining Facilities

The government of the Republic of Abkhazia has cut power to some cryptocurrency mining farms due to electricity concerns, state…

Abkhazia Temporarily Shuts Down 15 Mining Farms

Authorities in Abkhazia have cut off 15 mining facilities from the territory’s electrical grid. The short-term measure is meant to…

Two Mining Companies Among Georgia’s Major Electricity Consumers

Two companies mining cryptocurrencies have topped a list of the largest consumers of electricity in Georgia. In this crypto-friendly nation,…

Suspected Electricity Thief Arrested After Mining $3 Million in Bitcoin, Ether

A man in Taiwan has been arrested over claims he mined millions of dollars-worth of cryptos using stolen power. According to…

Iranians Still Profiting From Bitcoin Mining Despite Market Crash and US Sanctions

Iranians are turning to Bitcoin (BTC) mining due to economic difficulties caused by sanctions by the United States, International affairs…

Transnistria Welcomes Crypto Miners, Plans to Expand the Industry

The government of Transnistria has recognized the importance of cryptocurrency mining for the territory’s economy and budget. The unrecognized republic…

Major South Korean City to Build Blockchain-Enabled Virtual Power Plant

South Korea’s government will spend 4 billion Korean won (KRW) (about $3.5 million) to set up a blockchain-enabled virtual power…

Report: Bitcoin Mining Doesn’t Fuel Climate Change, It Benefits the Global Economy

The majority of bitcoin miners — about 78 percent — use renewable energy to power their mining operations, while preventing…

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