Taking matters into his own hands, a Russian businessman buys two electric power plants for the purposes of cryptocurrency mining. For those who are active participants in cryptocurrency mining, there are a number of issues to be concerned with. One such problem is how a country’s national government feels about cryptocurrency, such as either accepting it or banning it outright. Another major concern is having access to the power needed for mining crypto in the
Tag Archive: power
Altcoins, Bitcoin, Mining, News, News teaser Bitcoin, Mining, News, News teaser
A small town in Washington, Wenatchee, is seeing a Bitcoin mining boom due to low power prices and cooler temperatures. There are quite a few reasons why people choose to move to a small town. They may wish to get away from the hustle and bustle of the big city. Perhaps they wish to simplify their life and get back to basics. Or it may be, in the case of Wenatchee, Washington, that people may
Bitcoin, Mining, News, News teaser
Bitcoin mining operations are consuming up to 31 TWh of energy, surpassing Ireland’s 23 TWh and is more than the power used by 159 countries. By 2020, Bitcoin’s operations are supposedly set to use more electricity than the entire world. Analytics from Digieconomist indicate that Bitcoin’s power consumption ranges within that of countries such as Oman, Morocco, Serbia, and Denmark. Further statistics showed that Bitcoin could help power several nations given its massive energy consumption.