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United States Environmental Protection Agency Administrator Michael Regan and Energy Secretary Jennifer Granholm were the recipients Feb. 6 of another letter on the environmental impact of cryptocurrency mining. Eight Democratic lawmakers headed by Elizabeth Warren reached out to the officials this time. The eight lawmakers acknowledged previous replies to official correspondence
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The new law allows miners to consume electricity from the national grid only when there is a surplus, effectively capping the industry's energy usage. The surplus will be distributed among licensed operators, who will be able to bid for the power. Those miners using renewable energy, imported electricity, or their
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The letter asked Granholm when the energy administration will implement a rule that makes it mandatory for firms to disclose energy data, and when the EPA plans to start collecting data from miners that generate more than the annual equivalent of 25,000 tons of carbon dioxide. The EPA has the
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During the winter storm in Texas in December 2022, Bitcoin (BTC) mining operators returned up to 1,500 megawatts of energy to the distressed local grid. It became possible due to the flexibility of mining operations and the ancillary services, provided by the state authorities. In his commentary to Satoshi Action Fund,
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Growing electricity consumption in the crypto mining sector may require the construction of new power generation facilities in Siberia, the energy minister of Russia has acknowledged. Demand continues to increase in residential areas as well, after regional authorities abandoned a proposal to introduce higher tariffs for Russians minting digital coins
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Finally, Jack Dorsey’s digital payments company, Block, and Alyse Killeen’s VC firm, Stillmark, recently invested in a company that builds out renewable bitcoin mining sites in parts of Africa that have excess power. Still at the seed stage, Gridless, in 2023, plans to launch a hydro mining site in Malawi
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TRON has been on an uptrend and looking bullish for the past 12 hours. The technical indicators all imply an increased demand on the asset and a steady streak. Here’s a quick glance of how the crypto has been performing of late: TRX price up by 0.20% as of this writing Technical indicators
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According to recent Arcane Research predictions, Bitcoin might be a large energy user in 2040 if its price reaches several million dollars. According to new projections by Arcane Research, Bitcoin (BTC), the world's most valuable cryptocurrency, has the potential to be a large energy consumer in the future, but only
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The latest UK inflation report showed a fall from 11.1% to 10.7%, lower than the 10.9% analysts were expecting. UK inflation recently dropped from its 41-year high on cooling fuel prices, although high food and energy prices continue to bedevil consumers.UK inflation came in at 10.7% last month,
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"Crypto-asset mining operations ... are often designed to generally increase computing requirements over time, which can lead to increased energy consumption," the bill said. "A crypto-asset network, Bitcoin, consumes more energy annually than countries such as Chile or Bangladesh consume." Original Source
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