Friday, March 29, 2024
Home > Electricity

Cambridge Bitcoin Electricity Consumption Index updated to reflect hardware distribution and hashrate increases

Researchers behind the well-known Cambridge Bitcoin Electricity Consumption Index (CBECI) have officially revised its methodology to enhance the accuracy and reliability of the Index’s estimates for the first time since its inception in 2019.The CBECI was launched in July 2019 in an effort to provide reliable data-driven insights to questions

Read More

Laos halts electricity supply to crypto mining projects amid drought

Laos state-owned electricity distribution company Électricité du Laos (EDL) has announced that it will suspend electricity supply to crypto mining operations in the country, citing various reasons such as the struggle to generate enough power amid drought conditions.According to the announcement, Laos experienced drought in the first half of 2023.

Read More

AI boom to beat electricity and PCs, $200B investment by 2025: Goldman Sachs

Artificial intelligence could eventually have a bigger financial impact on the American economy than electricity and personal computers, according to economists at investment banking giant Goldman Sachs.In an Aug. 1 investment report, Goldman Sachs economists Joseph Briggs and Devesh Kodnani predicted that AI could pull as much as $200 billion

Read More

Terawulf, a bitcoin miner using nuclear power, releases update; benefiting from low electricity costs

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In a recent statement, Terawulf announced its bitcoin mining update months after launching a first-of-its-kind nuclear-powered Nautilus facility in the United States. Terawulf electricity costs advantage According to Terawulf, they actualized their goal of adding an extra

Read More

BTC Miners Need Low Electricity Costs, Sustainable Energy Mix to Survive: JPMorgan

“Vulnerable” miners, including Core Scientific (CORZQ), Argo Blockchain (ARB) and Iris Energy (IREN) have struggled to survive due to a “combination of falling bitcoin prices, rising debt servicing costs and rising electricity costs,” the analysts wrote. Miners with higher electricity costs have been facing losses due to falling bitcoin prices

Read More

Sweden to eliminate incentives for bitcoin miners, raising electricity tax by 6,000%

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Sweden is doing away with tax incentives for data centers come July 2023. This decision could affect bitcoin (BTC) miners who had turned to the Nordic country to increase their profitability. Sweden is eliminating tax incentives for

Read More

7 modern technology examples that don’t need electricity

While electricity is an integral part of our daily lives, some modern technologies do not require electricity to function. These technologies rely on other energy sources, such as mechanical energy, solar energy, or kinetic energy, to operate. In this article, learn how seven modern technology examples work without electricity.Solar-powered calculatorsOne

Read More

Former Cohasset High School Employee Accused of Stealing Thousands in Electricity to Mine Bitcoin in School Campus Crawlspace – Bitcoin News

A former school assistant facilities director in Cohasset, Massachusetts, has been accused of operating a cryptocurrency mining operation inside a crawlspace at Cohasset High School. The Cohasset Police Department alleges that Nadeam Nahas stole nearly $18,000 in electricity to power the crypto mining scheme. Former Cohasset School Employee Faces Charges for

Read More

South African Startup Momint Seeks to Boost Electricity Generation Using Blockchain-Based Solution – Bitcoin News

Using a solution that is based on blockchain technology, the South African startup Momint has said the recently launched Suncash initiative aims to ease the country’s power generation challenges. For about $9, investors can reportedly buy non-fungible tokens (NFTs) linked to solar cells which are then leased to institutions such

Read More