Cryptocurrency Analysis and News Portal
"The crypto mining industry is a massive energy user," Vitali said at the time. "Globally, crypto mining consumes more energy than the countries of Argentina and Australia. This high level of energy usage places more stress on the environment and accelerates the climate crisis, in addition to raising costs for
Read More
A Pennsylvania House Representative has cut a two-year crypto mining ban from their bill to regulate the sector’s energy consumption claiming trade labor unions pressured the change.On Oct. 16, the Pennsylvania House Environmental Resources and Energy Committee passed the Cryptocurrency Energy Conservation Act by a slim margin — 13 for
Read More
The bitcoin mining operation, Mawson Infrastructure Group, Inc., announced that the firm has broken ground at a new site in Sharon, Pennsylvania. Reports detail that Mawson has delivered six modular production units capable of housing 3,528 application-specific integrated circuit (ASIC) bitcoin miners, or approximately 12 megawatts (MW) of capacity. The
Read More