AI execs visit White House to discuss energy infrastructure

According to a Goldman Sachs report, the demand for electrical power in the United States will have grown by approximately 2.4% by 2030.

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Thai authorities raid illegal Bitcoin mine behind local power outages

Illegal Bitcoin mining has been a growing problem in Southeast Asia, with operators exploiting the regions relatively low electricity costs

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Paraguay miners urge state electricity board to reconsider upcoming price hike

Capamad spokesperson Jimmy Kim claims that the electricity price increase set for Aug. 1 may force 70% of legal crypto miners out of business.

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Bitcoin mining to boost UKs renewable energy grid

A UK-based Bitcoin organization is advocating to the new Labour government to implement a Bitcoin mining-based strategy to combat a growing problem of local electricity demand.

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Venezuela bans crypto mining to protect power grid

This move follows a recent crackdown involving the confiscation of 2,000 cryptocurrency mining devices as part of an anti-corruption initiative.

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$20 Million Crypto Mining Farm to Be Built at Hydropower Plant in Kyrgyzstan

Kyrgyzstan intends to build a new facility for cryptocurrency mining at one of the country’s hydroelectric stations. The project aims to minimize the power plant’s electricity losses by utilizing its full generating capacity that currently exceeds that of the transmission network. Kyrgyzstan to Power Crypto Mining Hardware With Surplus Green Energy President of Kyrgyzstan, Sadyr [...]

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Mineflation: Cost to mine one Bitcoin in the US rises from $5K to $17K in 2023

New Mexico is the cheapest US state to mine Bitcoin in terms of average electricity cost, while Hawaii is the by far the most expensive.

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Belarus President Orders Development of Crypto Mining to Harness Excess Electricity

The President of Belarus has announced that the country has surplus electricity, paving the way for the growth of the crypto mining industry. President Alexander Lukashenko shared during a recent meeting that they are ready to welcome more crypto miners as they have abundant resources available. This surplus of electricity presents a unique opportunity for [...]

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Core Scientific moves for September bankruptcy exit, expects $46M boost

Core Scientific said favorable market conditions have increased its liquidity position and its bankruptcy restructuring plan has been revised.

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South African Rand Plunges to New 2023 Low Versus the US Dollar

Just a few weeks after tapping its best exchange rate versus the greenback in 2023, the South African rand fell to a new 2023 low of 18.636 local currency units for every dollar on March 7. South Africa’s power shortages as well as the country’s recent grey-listing by the Financial Action Task Force (FATF) are [...]

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Former facilities worker who allegedly set up a secret cryptocurrency mining operation

After skipping a court arraignment session, Nadeam Nahas faces arrest for using a school's energy for bitcoin mining. (Read More)

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Sazmining Launches Hydroelectric-Powered Mining Facility In Wisconsin

The site furthers the company’s goals of providing mining hosting services to a retail audience using sustainable power sources.

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British Columbia Will Stop Crypto Miners From Getting Electricity

British Columbia's state-owned electric company will suspend bitcoin miners' electricity-connection requests for 18 months. The halt will enable the government and BC Hydro to create a permanent structure that better balances crypto miners and residents and businesses. BC Hydro powers seven crypto-mining businesses. (Read More)

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Kazakhstan Presses On With Restrictive Bitcoin Mining Regulation

A bill that would create new licensing and electricity purchase requirements has been sent on to a third vote.

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Manitoba Halts New Crypto Mining Projects Due to Expected High Energy Demand

Authorities in Manitoba are temporarily suspending the connection of new crypto mining facilities to the power grid. The Canadian province, which relies heavily on hydroelectric generation and attracts miners with low electricity rates, fears it may face overwhelming energy demand. Manitoba Suspends New Crypto Mining Operations Citing Possible Increase in Electricity Usage The government of

The post Manitoba Halts New Crypto Mining Projects Due to Expected High Energy Demand appeared first on BTC Ethereum Crypto Currency Blog.

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Quebec’s energy manager to seek government approval to stop powering crypto miners

Energy provider Hydro-Québec cited the high energy demands anticipated in the Canadian winter in its reasons to reallocate 270 megawatts from crypto mining firms.

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Bitcoin Mining Is Directly Impacting People’s Lives For The Better

In the early days of Bitcoin, very few people knew the global impact it would have. Some Africans are seeing the benefits from bitcoin mining.

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MedTech Firm, Spine, Changes Name, Introduces Product for Crypto Miners

Spine Injury Solutions, a spine injury-related medical service and technology (MedTech) company, has changed its name to Bitech Technologies Corporation.

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Bitcoin Mining Around The World: Norway’s Outsized Presence Relative To Its Size

What makes this Arctic outpost so attractive to bitcoin miners, considering the country’s tiny geographical size and small population?

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The Energy System Benefits From Bitcoin Mining

Bitcoin strengthens the grid due to the incentivization of energy production. It supports the people who need electricity and miners as buyers of last resort.

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