Crypto miner power draw raises environmental concerns

Crypto miner power draw raises environmental concerns

A new crypto mining facility in Fayetteville will be among the city’s top 10 power consumers when it starts operations in August. California-based Plan C Crypto will operate an old 20,000-square-foot industrial facility located near the Fayetteville Regional Airport. It will operate at 5,000 kilowatts, according to the company and the Fayetteville Public Works Commission. … Read more

How Dollar Cost Averaging Can Power Your Crypto Investing Strategy

How Dollar Cost Averaging Can Power Your Crypto Investing Strategy

Editorial IndependenceWe want to help you make more informed decisions. Some links on this page — clearly marked — may take you to a partner website and may result in us earning a referral commission. For more information, see How We Make Money.For cryptocurrency investors, volatility is a fact of life. But there’s an old … Read more

How Energy Guzzling Crypto Mining Is Bringing Power Plants Back To Life In Us

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At a time when fossil fuel power plants are shutting down in favour of renewable energy, some plants in the US are getting a new lease of life to mine Bitcoin. Despite the known harmful impact on the environment, investors are pouring in money into reviving ageing fossil fuel plants.The idled Greenidge power plant in … Read more

Crypto Crackdown Picks Pace in Kosovo, Cops Confiscate Over 300 Mining Machines Amid Power Crisis

Crypto Crackdown Picks Pace in Kosovo, Cops Confiscate Over 300 Mining Machines Amid Power Crisis

Kosovo, a partially recognised state in Southeast Europe has begun taking actions to resolve the issue of electricity shortages prevailing in the nation. The police have confiscated a total of 300 crypto mining machines while raiding the regions of Leposavic and Prishtina after Kosovo imposed a blanket ban on crypto mining on January 5. The … Read more

Bitcoin network power slumps as Kazakhstan crackdown hits crypto miners

Bitcoin network power slumps as Kazakhstan crackdown hits crypto miners

Bitcoin “hashrate” drops after Kazakhstan internet shutdownCountry accounted in Aug. for 18% of global bitcoin output powerShare has grown sharply following China crackdownKazakhstan cut internet after deadly protestsLONDON, Jan 6 (Reuters) – The global computing power of the bitcoin network has dropped sharply as the shutdown this week of Kazakhstan’s internet during a deadly uprising … Read more

Crypto Miners Blamed for Power Outages in Russia’s Irkutsk, 1,100 Cases of ‘Gray Mining’ Emerge

Crypto Miners Blamed for Power Outages in Russia’s Irkutsk, 1,100 Cases of ‘Gray Mining’ Emerge

The Irkutsk region of eastern Russia has been riddled with power outages for a while now, the blame of which is befalling on native crypto miners. As per the Irkutsk Electric Grid Company (IESC), the electricity consumption in the region grew by 108 percent last year. Local administrators conducted raids in the region and reportedly … Read more

Crypto ecosystem to power digital economy

Crypto ecosystem to power digital economy

Almost a quarter of a million Australians could be making, trading and securing cryptocurrency and digital assets by 2030, and it doesn’t have to make the lights go out. Future high-impact careers include supercomputing technicians, market analysts and dealers, security and software architects, lawyers, data scientists and auditors, according to a report by Ernst & … Read more

Crypto investors see an NFT bubble but tout power of underlying tech

Crypto investors see an NFT bubble but tout power of underlying tech

Visitors look at an immersive art installation titled ‘Machine Hallucinations Space: Metaverse’ by Refik Anadol at the Digital Art Fair Asia in Hong Kong, Oct. 3, 2021.Lam Yik | Bloomberg | Getty ImagesMIAMI BEACH, Fla. –  Even if NFTs are a flash in the pan, cryptocurrency investors are betting that the underlying blockchain technology is here … Read more

Swedish Regulators Call for EU Ban on Crypto Mining, Power Company Defends Industry – Mining Bitcoin News

Swedish Regulators Call for EU Ban on Crypto Mining, Power Company Defends Industry

Alarmed by the rising energy needs of cryptocurrency mining, Sweden’s financial and environmental regulators have recently proposed an EU-wide ban on proof-of-work coin minting. The Swedish officials believe this would encourage a move towards a more energy-efficient extraction of bitcoin while supporting the transition towards climate neutrality in Sweden and Europe. A state-run power company … Read more

A Gen Z crypto millionaire says ether could overtake bitcoin as the No 1 crypto before mid-2022 – and could ‘power the rails’ of global finance | Currency News | Financial and Business News

Rahul Rai

Rahul Rai, co-head of Market Neutral at BlockTower Capital. Rahul Rai Rahul Rai, a 24-year-old hedge fund founder, believes ether could overtake bitcoin in the next six or so months. The ethereum token has the potential to “power the rails of all global finance” through DeFi use, he told Insider. Ether has climbed to new … Read more

Victoria Covid update: sweeping law changes to give premier power to declare pandemics | Victoria

The Victorian government will introduce new laws that will give the premier sweeping powers to declare pandemics and enforce public health orders for three months at a time.Premier Daniel Andrews has defended the legislation, to be tabled in parliament on Tuesday, that would strip the chief health officer of their power to have a final … Read more

Former COVID-19 advisor Neville Power charged with breaching Western Australia’s coronavirus restrictions

Neville Power standing outside Parliament House and glancing sideways.

The man who spearheaded Australia’s post-COVID-19 economic task force has been charged with breaching Western Australia’s coronavirus border restrictions during a private helicopter flight from Queensland.Key points:WA Police say Neville Power and another man flew into the state without border passes Mr Power headed the National COVID-19 Commission Advisory Board  The two men are due to appear in court on … Read more

Oil prices climb as COVID recovery, power generators stoke demand

Oil prices climb as COVID recovery, power generators stoke demand

General view of Saudi Aramco’s Ras Tanura oil refinery and oil terminal in Saudi Arabia May 21, 2018. REUTERS/Ahmed JadallahBrent touches highest since Oct 2018, WTI highest since Oct 2014U.S. drillers add oil and gas rigs for sixth week in a rowChina cuts independent refinery oil import quotasSINGAPORE, Oct 18 (Reuters) – Oil prices hit … Read more

Why Crypto Mining Needs Nuclear Power

Why Crypto Mining Needs Nuclear Power

Opponents of cryptocurrency often cite its energy and pollution footprint as major reasons against adoption. However, the natural synergies between cryptocurrency mining and nuclear power could take that issue off the table altogether.Cryptocurrencies are digital currencies secured by cryptography. Unlike physical money, like dollars, cryptocurrencies are not minted by national institutions. Instead, they are created … Read more

Covid-19 demonstrated ‘power’ of government spending, says IMF

Covid-19 demonstrated ‘power’ of government spending, says IMF

The coronavirus crisis caused a much larger rise in public and private debt than the global financial crisis, the IMF said on Wednesday, as it highlighted a “great finance divide” between countries with access to finance and those without. The debt was generally put to good use during the pandemic, according to Vitor Gaspar, head … Read more