Power consumption will drop significantly as Ethereum transitions from proof-of-work to proof-of-stake. Shifting from PoW to PoS To add transactions on the blockchain to a public ledger, so-called “mi...
Tag: consumption
White House Drafts Report on Energy Consumption, Crypto Mining in Scope
The Biden administration is reportedly preparing policy recommendations to reduce the energy consumption by cryptocurrency mining rigs and control emissions footprint. According to coverage by Bloombe...
White House Heightens Scrutiny on Crypto Miner’s Energy Consumption
The Biden Administration is making detailed preparations for policy recommendations to lower crypto mining’s energy usage and emissions footprint. The move marks the government’s further entry t...
Biden Administration To Reduce Crypto Mining Energy Consumption
In a conversation with Bloomberg Law, Costa Samara, principal assistant director for energy for the white house office of science and technology policy, has revealed that the white house is setting up...
White House Investigating Crypto Energy Consumption
Key Takeaways Bloomberg Law reports that the White House is studying crypto mining and its energy footprint in order to make sound policy recommendations. The study is also looking into noise, local p...
Russia Ignores Crypto Mining Energy Consumption, Looks Towards Regulation ⋆ ZyCrypto
Advertisement     According to Interfax News Agency, the deputy head of the ministry of industry and trade, Vasily Shpak has given Russia’s unambiguous position on the...
Russian Crypto Miners Account for Over 2% of the Country’s Total Energy Consumption
According to Russia’s Ministry of Industry, local cryptocurrency enterprises consume more than 2% of the total electricity volume in the nation. The lawmakers are concerned that this exceeds some sect...
Russia To Regulate Crypto Mining Despite Surge In Electricity Consumption
Russian Deputy Head of the Ministry of Industry and Trade in a speech today at the United Russia discussion platform revealed the country’s move to regulate crypto mining. He was speaking on the devel...
Crypto Miners Account for Over 2% of Electricity Consumption in Russia, Estimate Suggests – Mining Bitcoin News
The share of crypto miners in Russia’s power consumption structure already exceeds 2%, according to a new government estimate. On this backdrop, the country’s industry ministry believes it’s time to b...
Ethereum (ETH) Gas Consumption Trends Hint at Expansion of One Crypto Sector, According to Analytics Firm
Ethereum (ETH) gas consumption trends paint a picture of what sectors of the crypto market have been expanding, according to the analytics firm Glassnode. In a new analysis, Glassnode says non-fungibl...
China’s appetite for Russian energy is being hit by diminishing consumption, soaring prices
Since Russia invaded Ukraine, all eyes have been on China – waiting to see whether the world’s second-largest economy would provide support to its northern neighbour and “strategic p...
SBF does not see Bitcoin becoming a payment network, lampoons its energy consumption
Sam Bankman-Fried (SBF), the CEO and founder of leading crypto exchange FTX, said in a recent interview with the Financial Times that he does not think Bitcoin has a future as a payment network. SBF...
Ethereum Gas Costs Are Spiking as Lending Platforms Report Increased Gas Consumption
Arman Shirinyan Ethereum reports increased network usage as market remains in panic According to Nansen gas tracker, Ethereum’s gas cost spiked to 1000 Gwei as the network faces a massive increa...
Kazakhstan imposes strict energy consumption reporting requirements on crypto miners
Kazakhstan has imposed new reporting requirements that seek to determine the energy consumption rate by crypto miners. The order requires every crypto-miner in the country to provide detailed informat...
Kazakhstan ramps up power consumption reporting requirements for crypto miners
The government of Kazakhstan has laid out new reporting requirements for cryptocurrency mining operators with a keen eye on how the industry’s energy usage affects the local power grid. The orde...
Wikimedia Halts Crypto Donations Due to Fears Over Energy Consumption
The Wikimedia Foundation (WMF) has announced it will stop accepting crypto donations citing environmental concerns. The decision by Wikimedia’s parent was taken at the end of last month following a t...
Internet Regulation Cycle Eases As Domestic Consumption Becomes Job #1, Week In Review
China Last Night KraneShares Week in Review Asian equities registered another choppy week of trading, mirroring US and developed markets. Markets were deepest in the red on Monday as investors feared ...
Bitcoin’s Electricity Consumption Decreased by 25%
BMC now represents 50% of the global Bitcoin Mining Network The industry’s sustainable electricity mix is now 58.4% BMC previously had a membership hashrate of 29 EH Toward the finish of May last year...
Mining Report Shows Bitcoin’s Electricity Consumption Decreased by 25% in Q1 2022 – Mining Bitcoin News
At the end of May last year, Tesla’s Elon Musk convinced bitcoin industry leaders to form a Bitcoin Mining Council (BMC) and in mid-July, the BMC launched its public services and website. On April 25,...
PBOC & State Council Lift Internet And Consumption Plays
China Last Night KraneShares Key News Asian equities were largely higher. Mainland China was off, and Australia returned from yesterday’s holiday off -2.08% as commodity prices retreated. Two key piec...
Bitcoin network electricity usage drops 25% in Q1 2022, easing energy consumption fears
As concerns over the ecological impact of Proof of Work (PoW) cryptocurrencies like Bitcoin (BTC) mount, the latest data shows that the largest crypto blockchain might not be so damaging to the enviro...
Premier Li’s Post-Close Consumption Push
China Last Night KraneShares Key News Asian equities were mixed overnight as Japan was up, Taiwan was ahead of Taiwan Semis earnings tomorrow, South Korea rebounded, and Mainland China was off. Hong K...
As Music Consumption Grows, Independent Artists Crowdsource Creativity
SACRAMENTO, CALIFORNIA – OCTOBER 06: Russ performs in support of his “Shake the Snow Globe” release … [+] at Sacramento Memorial Auditorium on October 06, 2021 in Sacramento, C...
New York Times Goes Wrong on Bitcoin (BTC) Power Consumption Rate per Transaction – crypto.news
New York Times posted an article yesterday almost similar to a Bloomberg’s 2021 report touching on BTC power consumption. It claims that each BTC transaction requires 2000kWh of electricity. However, ...
Green Energy: A solution to Huge Mining Energy Consumption?
Study shows that Bitcoin mining accounts for 0.19% of a carbon footprint on a global level. Bitcoin mining energy consumption has always been a topic of discussion for environment lovers, and it incre...
Could Malaysia get rid of Illegal power consumption by crypto miners?
Energy consumption has already been a major concern with cryptocurrencies, on top of their illicit usage strengthen skepticism Undoubtedly Crypto mining has got huge popularity in recent times and a l...
Consumption Costs In The United States Have Reached A 40 Year Peak, According To Statistics And Biden Blamed Rise Upon Putin’s Determined Moves
Consumer prices rose.8% in February, bringing the year-over-year increase to 7.9%, the largest since January 1982, Schiff tweeted. If the CPI still assessed prices the same way it did in the 1970s, th...
Good News! This step will solve Crypto Energy Consumption concerns
Along with numerous effects of cryptocurrencies, it has environmental concerns in form of heat generation and energy consumption in mining Well, it seems like the environmental effects of crypto minin...
NBA Seeing Uptick In International League Pass Consumption
LOS ANGELES, CALIFORNIA – NOVEMBER 04: Josh Giddey #3 of the Oklahoma City Thunder makes a play on … [+] the rebound in front of Kent Bazemore #9 of the Los Angeles Lakers during the first...
Electricity Consumption Spikes in Irkutsk as More Russians Start Mining Cryptocurrency – Coinotizia
Electricity suppliers in the Russian region of Irkutsk have registered a surge in power consumption in residential areas which they are blaming on cryptocurrency mining. Planes with mining equipment f...
Polkadot Electricity Consumption Is Less Than Solana, Bitcoin, And Ethereum
Electricity consumption has been one of the major concerns with the advent of cryptocurrencies especially Polkadot. Though with models running with the Proof-of-Stake (PoS) consensus mechanism, this e...
The energy consumption of Bitcoin mining is becoming sustainable
A few weeks ago, Kosovo became the latest country to ban cryptocurrency mining due to its excessive energy consumption. Mining and energy consumption: the situation in the world China, Iceland, Iran ...