Tag Archive: power

  • Bitcoin, Mining, News, News teaser

    Bitcoin Mining Isn’t As Energy-Consumptive As Researchers Claim

    Earlier this week, a study published by Dutch researcher Alex de Vries concluded that Bitcoin mining uses almost as much electricity as the entire Republic of Ireland — but should we really be concerned?  ‘Picked out of Thin Air’ Bitcoin mining is undoubtedly an energy-intensive process, as anyone who’s ever mined the most valuable cryptocurrency by market capitalization from home knows — but it might not be as concerning as many experts would lead you to believe.

    · May 18, 2018 · 2:00 pm
  • Bitcoin, Mining, News, News teaser

    Power Utility Heightens Security Due to Angry Crypto Mining Operators

    The Chelan County Public Utility District (PUD) in Washington state is heightening its security over fears of angry Bitcoin mining operators who are being shut down. As some countries crack down on Bitcoin mining, operators have taken to looking for greener pastures. The chief concern is paying as cheaply as possible for electricity as the energy demands of mining are high. Some locales are finding themselves overwhelmed by the increased demand and are actually shutting

    · May 5, 2018 · 8:00 pm
  • Altcoins, Bitcoin, Mining, News, News teaser

    Russian Businessman Buys Power Plants for Cryptocurrency Mining

    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

    · January 15, 2018 · 2:30 pm
  • Threat to Public Safety Bitcoin, Mining, News, News teaser

    Bitcoin Mining Boom Hits Small Town in Washington State

    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

    · January 12, 2018 · 5:30 am
  • Bitcoin, Mining, News, News teaser

    Massive Bitcoin Mining Operations Now Causing Blackouts

    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.

    · December 10, 2017 · 7:45 am