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109 years ago, the U.S. Federal Reserve was created and ever since that day, the purchasing power of the U.S. dollar has dropped a great deal. Since the Fed started, more than 96% of the greenback’s purchasing power has been erased via inflation. The Purchasing Power of the U.S. Dollar After
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A state-owned electric utility provider in the Canadian province of British Columbia is set to halt all new electricity-connection requests from cryptocurrency miners for a period of 18 months. The British Columbia government made the announcement in a statement on Dec. 21 stating that the pause will allow the government and
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With this change in the commission set up, there will also be a change in the power structures: Similar to the entertainment industry in the 1930s, the power in the art world will shift from the distribution channel (galleries) to the creators (artists). And with more independence for artists also
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The utility behind the Fukushima nuclear reactor is trying our crypto mining. Source
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A hydro-powered crypto mining project based in Africa released an update on its efforts to bring energy developments to rural communities via Bitcoin (BTC).On Dec. 9, Gridless Compute tweeted photos and commentary on how their hydro-power BTC mining rigs are powering an entire rural settlement while also lowering energy rates
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Some of the machines have already been installed, with the rest expected by the end of January. The rigs' computing power of about 109 terahahes/second (TH/s) per machine is a little over that of Bitmain's Antminer S19 Pro, released in 2020. Hive didn't divulge the energy efficiency or cost of
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Companies extracting cryptocurrencies in Kazakhstan will be allowed to purchase only excess electricity on a government-controlled market. The decision comes with new legislation approved by lawmakers which regulates the activities of the industry and the taxation of its profits. Law to Regulate Crypto Mining in Kazakhstan, Change Licensing Rules The lower house
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The crypto mining industry may see a two-fold increase in its share of Russia’s power consumption in 2022, according to a high-ranking official from the Ministry of Energy. The department supports a bill designed to regulate the sector which is likely to be adopted this year. Russian Energy Ministry Forecasts Rise
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"[We use] a variety of styles with the idea toward making each profile picture fit the profile,” said Adam B. Levine, CEO of 330AI, the company that launched Pixelmind.ai. “So if it's like a darker story then we want a darker direction; if it's a story that's about something great
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First Mover Asia: Bitcoin Hovers Near $17.3K, but Does It Have Staying Power? Original Source
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