energy consumption

Bitcoin mining is a “critical tool” for clean energy and balancing the grid, according to a new working paper penned by Bitcoin advocates and the former president of ERCOT, the operator of Texas’ electrical grid. The Nov. 22 paper titled “Leveraging Bitcoin Min ...

A recent study conducted by the United Nations suggests a direct correlation between the price of Bitcoin (BTC) and the energy needed for mining operations.UN scientists evaluated the activities of 76 Bitcoin mining nations during the 2020–2021 period and found that the global Bitcoin mini ...

Bitcoin (BTC) price is trading in a frustratingly tight range between $25,500 and $26,500, leaving traders unsure of the next direction that asset could take.However, Charles Edwards, founder of Capriole Investments, believes that Bitcoin’s current price presents a low-risk long-term ...

A new lobbying group, the Digital Energy Council (DEC), has been created in Washington, D.C., that will work with regulators and lawmakers to advance the interests of cryptocurrency miners. DEC founder and president Thomas Mapes said the organization's main goal is to dis ...

This summer, parts of the United States are wilting under a multimonth stretch of sweltering heat, and data suggests that summer temperatures will continue to creep up in the coming years. The planet is on what seems to be a pretty clear path to soon reaching 1.5 degrees Celsius of warming for th ...

Bitcoin (BTC) mining’s environmental impact has always been a controversial topic. On the one hand, critics emphasize that securing the Bitcoin network takes more power than some whole countries’ annual electricity consumption. On the other hand, much of the crypto community argues that it is a n ...

Energy tax for mining digital assets has been dropped The CEA had previously proposed a levy with a 30% rate on electricity costs On Sunday, May 28, U.S. President Joe Biden and House Speaker Kevin McCarthy struck a deal on the nation's debt ceiling. The 99-pa ...

Before the "merger," the figure was only twice as high CCFA analysts Based on Cambridge University Research Center data, Ethereum's total energy consumption from 2015 to 2022 was 58.26 TWh.. After switching to the PoS consensus mechanism, the annual equivalent ...

The Solana Foundation has collaborated with TryCarbonara, a data platform, to launch a unique online dashboard that provides real-time monitoring of the amount of carbon dioxide emitted by its blockchain. Solana's website notes that this project represents a significant milestone as the first "la ...

In a recent development, authorities from Buncombe County in North Carolina have proposed a temporary ban on cryptocurrency mining for a duration of one year. This proposal aims to categorize crypto mining as a distinct type of land use, differentiating it from other economic activities conducted ...

Following yet another adjustment of the mining difficulty on the Bitcoin network, a remarkable new benchmark has been achieved, with a difficulty rating of 46.84 T. This marks the third consecutive surge in difficulty, with significant implications for all those involved in the mining process. In ...

As bitcoin continues to dominate the cryptocurrency market, miners face a number of challenges that could affect their profitability in 2023. Despite optimistic forecasts for the first cryptocurrency, miners have faced serious obstacles in recent years. The "growth at any cost" strategy, which in ...