Austria has been actively transforming into an attractive location for providers of blockchain-based products, with the government itself experimenting with the technology and trying to create a legal...
Tag: electricity
Oil rises after reported strike on Saudi oil facility, with global prices up nearly 12% for the week
Oil futures finished higher on Friday, giving up earlier declines and boosting global prices by nearly 12% for the week, after reports of an attack on an oil facility in Saudi Arabia renewed concerns ...
Cheap Coins: Which Bitcoin Miners Enjoy The Best Electricity Pricing?
Bitcoin mining is still big business for miners. However, it is an energy-intensive activity which means that for it to be a profitable venture, miners would have to look for the cheapest electricity ...
US Bitcoin Miner Generates Its Own Electricity Using Waste From Coal
Stronghold Digital Mining has come up with an innovative way to generate electricity to mine Bitcoin rather than relying on the electricity network in the U.S. The company is reportedly using coal was...
US Bitcoin Miner Uses Coal Waste to Generate Electricity (Report)
Pennsylvania-based cryptocurrency mining company – Stronghold Digital Mining – reportedly employs coal waste to power its hundreds of supercomputers. Thus, the company aims to use a byproduct instead ...
Warren Buffett’s Berkshire Hathaway strikes $11.6 billion deal for reinsurer Alleghany Corp.
Warren Buffett picked the industry he arguably knows best, insurance, for his first major deal in two years. Berkshire Hathaway BRK.B, -0.74% BRK.A, -1.05% struck an $11.6 billion, all-cash deal to bu...
Pipeline Stock Dividends Are Rising as Oil Prices Surge. Here’s How to Play It.
Sanctions on Russia are upending global energy markets, pushing up crude oil above $100 a barrel and sending U.S. gasoline prices to an average $4.30 a gallon, up nearly 50% in the last year. It has a...
Remember the stock market before the war in Ukraine? JP Morgan says negativity is overblown, offers 4 hedges
“Markets appear to have been trafficking in an odd mix of hope, fear and uncertainty.” That was Mizuho Bank, summing up the state of play for markets since Russia’s invasion of Ukraine nearly three we...
Constellation Energy Is a Buy at Goldman Sachs. Here’s Why.
Text size Constellation is one of the largest carbon-free energy generators in the country, relying on a mix of hydro, wind, solar, and nuclear energy. Sean Gallup/Getty Images Shares of Constellation...
HOW BITCOIN MINING STRENGTHENS ELECTRICITY GRIDS
Bitcoin enables mining utilities to engage in agreements Mining operations also wind up providing a level of strength Bitcoin mining brought a flexible source of demand The House Hearing on Crypto’s E...
This is How Malaysia Plans to Fight Electricity Theft for Bitcoin Mining
Malaysia’s national electricity utility is ramping up plans to halt electricity theft which has reportedly been on the rise. This has to do with Bitcoin mining which is supposedly also catching speed....
U.S. stock futures sink as Russia attacks Ukraine’s largest nuclear plant
U.S. stock-index futures tumbled late Thursday after reports that Europe’s largest nuclear power plant, in Ukraine, was on fire after Russian shelling, raising fears of an unprecedented nuclear disast...
Malaysian Police Shut Down 3 Crypto Mining Operators Over Alleged Electricity Theft
With electricity theft becoming more common in Malaysia for cryptocurrency mining, the Malaysian police shut down three cryptocurrency mining operations in Klang on Thursday. In a joint operation with...
Texas Gov. Greg Abbott Pressed Grid Operator To Keep Prices At $9,000 Per Megawatt-Hour During Crisis
Bill Magness, president and chief executive officer of Electric Reliability Council of Texas … [+] (ERCOT), speaks during the 2018 CERAWeek conference in Houston. Photographer: Aaron M. Sprecher...
ERCOT Market Design, Subsidies For Renewables, ‘Fails To Adequately Pay For Reliable’ Generation
A pedestrian walks through the snow in McKinney, Texas, U.S., on Tuesday, Feb. 16, 2021. … [+] Photographer: Cooper Neill/Bloomberg © 2021 Bloomberg Finance LP Many reports have been published a...
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...
Iran Allows Renewable Power Plants to Supply Crypto Miners With Electricity – Coinotizia
Authorities in Iran have decided to permit power generation plants using renewable sources to sell electricity to licensed cryptocurrency miners. The move comes after the government asked mining compa...
Kazakhstan Mulls Fivefold Increase of Electricity Tax on Crypto Mining – Mining Bitcoin News
Authorities in Kazakhstan are discussing new regulations for the country’s crypto space that may lead to a serious increase in the tax burden on the mining business. Among the proposed changes is a fi...
Electricity use spikes in Irkutsk as more Russians mine crypto
TL;DR Breakdown A rapid increase in electricity usage has been reported in the Russian province of Irkutsk. According to law enforcement, the theft of mining equipment has increased in the area. A rap...
Electricity Consumption Spikes in Irkutsk as More Russians Start Mining Cryptocurrency – Mining Bitcoin News
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...
Weekend reads: the slowing housing market and inverted yield curve signal a coming recession
It is human nature to fear missing out as prices skyrocket, But all bubbles burst eventually. Ian Shepherdson of Pantheon Macroeconomics predicts a 25% decline in U.S. home sales. What will that do to...