Bitcoin News The rate varies according to the cost and availability of the electricity needed to mine. Crypto farms that use renewable energy will likewise be awarded the lowest tariff. Cryptocurrency...
Tag: electricity
Natural Gas Prices Are Coming Down. What to Expect for Energy Stocks.
The good news is that energy prices are coming down for households. The bad news is that energy stocks are feeling the pain. The best-performing sector in the stock market last year is finding itself ...
Bitcoin Mining Used More Electricity Than Sweden in 2022, Says Report
Join Our Telegram channel to stay up to date on breaking news coverage In a report, technology platform Digiconomist has said that throughout 2022, Bitcoin mining in the whole world consumed energy to...
Bitcoin Mining Electricity Consumption Was Higher Than Sweden in 2022
Bitcoin mining reportedly exceeded Sweden’s electricity usage last year, yet alternatives are emerging in the mining mix. Over the course of 2022, global Bitcoin mining consumed 161 TWh of electricity...
Russian Attacks On Ukraine Power Grid May Be Global
Sabotage of U.S. electrical substations make it harder for Ukraine to recover from Russian attacks Getty Images Russia is repeatedly attacking Ukraine’s power grid, subjecting electrical substations t...
Leased electric vehicles now qualify for $7,500 tax break that kicks in Jan. 1
The U.S. Treasury Department will now allow electric vehicles that are leased to qualify starting Jan. 1 for up to $7,500 in clean vehicle tax credits. The law allows for a conditional $4,000 tax cred...
Russia Attacks Ukraine Power Grid, Leaves Hospitals Without Electricity, Here Are UNITED24 Aid Efforts
Actor and director Liev Schreiber, seen here in Ukraine, has been serving as a UNITED24 ambassador … [+] trying to raise funds to purchase power generators for hospitals. (Photo: Andrii Yushchak...
Thai police raids crypto mining farm that stole $30K worth of electricity
The police in Nang Rong have discovered a two-story building used for crypto mining. The farm stole over $30,000 worth of electricity in the last nine months. The police unit of the southwestern Thai ...
British Columbia Will Stop Crypto Miners From Getting Electricity
An electric utility company in the Canadian province of British Columbia, which is controlled by the state, has announced that it intends to put a temporary stop for the next 18 months to any new requ...
The Year The Energy Transition Went Off The Rails
A coal miner covered in coal dust with a large hammer drill on his shoulder looking off into the … [+] distance, wearing a aluminum hardhat with a LED light attached looking at the camera while ...
Tokamak Energy CEO Sees Promising Days Ahead For Nuclear Fusion
WASHINGTON, DC – DECEMBER 13: U.S. Energy Secretary Jennifer Granholm (C) is joined by (L-R) … [+] Lawrence Livermore National Laboratories Director Dr. Kim Budil, National Nuclear Securit...
Crypto Mining In Cuba Suffers Owing To Electricity Crisis
Cryptocurrency mining in Cuba has been interrupted for some time due to the electricity crisis on the Caribbean island. Several parts of Cuba have experienced repeated blackouts, which have made minin...
Unpredictable electricity cost could have caused Argo’s troubles
As rumors about Argo’s possible bankruptcy continue to spread, more information about what caused the company’s troubles are unraveling. The U.S.-based Bitcoin mining company has seen its shares plumm...
France requests emergency cut in electricity exports to UK as nuclear crisis deepens
The Drax coal-fired power stations – Simon Dawson/Bloomberg France’s electricity network operator requested emergency help from Britain as the cold snap caused demand to surge across Europ...
Why U.S. Electricity Is Becoming Even More Natural Gas Dominant
WASHINGTON, DC – OCTOBER 31: U.S. President Joe Biden delivers remarks on oil company profits in the … [+] Roosevelt Room of the White House on October 31, 2022 in Washington, DC. Biden is...
Gas prices are now lower than at this time last year. Could they fall below $3 a gallon in the months ahead?
Gas prices on Thursday were slightly less on average than they did one year ago — with a slim one-cent margin — but experts say there could be cheaper gas in the weeks and month to come. Thursday’s na...
Investigation over cheap electricity Providing Contracts for Crypto Mining in Kentucky
Kentucky authorities investigate implications of cheap electricity to crypto miners. Earthjustice Act to Solve Kentucky Public Service Commission (PSC) is investigating two proposed contracts th...
Renewables to be main source of electricity generation by 2025: IEA
Wind turbines in the Netherlands. A report from the International Energy Agency “expects renewables to become the primary energy source for electricity generation globally in the next three year...
Kentucky Investigating 2 Proposed Contracts That Would Give Discounted Electricity to Crypto Miners
One proposed contract is between Kentucky Power and Ebon International, LLC, and would give discounted electricity rates to the Ebon Facility, a 250 MW cryptocurrency mining operation in Louisa, Kentu...
Kentucky to scrutinize contracts offering cheaper electricity to miners
The Kentucky Public Service Commission (PSC) has reportedly opened a formal investigation into two proposed contracts that would offer discounted electricity prices to new crypto-mining operations. Ac...
Data Shows There’s No Profits Left for Bitcoin Miners That Can’t Obtain Cheap Electricity, Run Efficient Mining Rigs – Coinotizia
During the last few weeks bitcoin’s cost of production has been higher than the leading crypto asset’s spot market value and in turn, this has put massive pressure on bitcoin miners. On Nov. 30, 2022,...
Data Shows There’s No Profits Left for Bitcoin Miners That Can’t Obtain Cheap Electricity, Run Efficient Mining Rigs – Mining Bitcoin News
During the last few weeks bitcoin’s cost of production has been higher than the leading crypto asset’s spot market value and in turn, this has put massive pressure on bitcoin miners. On Nov. 30, 2022,...
Ontario Teachers’ Pension Plan Board Acquires 25% of SSE’s Electricity Transmission Business
SSE PLC has sold a 25% stake in its energy transmission grid unit for $1.8 billion (£1.5 billion) to Ontario Teachers’ Pension Plan Board. The London-listed SSE revealed the plans for a portion of i...
Opinion: The new bull market will be led by stocks in these three industries.
We don’t know yet if the recent rally kicks off a new bull market in stocks. But here’s a safe bet: Once the new bull market is here, entirely different groups will lead. It’ll be out with the old — t...
What The Mid-Term Elections Mean For U.S. Energy
WASHINGTON, DC, UNITED STATES – NOVEMBER 09: President Joe Biden answers questions from reporters at … [+] a post-election press conference at the White House on November 9th, 2022. (Photo...
These 15 Dividend Aristocrat stocks have been the best income builders
The S&P Dividend Aristocrats deserve more coverage. Those are companies that have raised their dividend payouts consistently over the years — they’re dividend royalty, as it were. As a group, they...