energy consumption Archives

Iran to cut power supply of legal block reward miners starting July

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24 June, 2022

Iran to cut power supply of legal block reward miners starting July

All the 118 registered block reward mining complexes in the country are to suspend their connection to the grid, according...

IMF recommends energy-efficient CBDC that relies on non-PoW networks

Business

Wahid Pessarlay

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12 June, 2022

IMF recommends energy-efficient CBDC that relies on non-PoW networks

IMF examined the environmental impact of blockchain network designs, highlighting that some blockchains have improved the energy efficiency of payments...

BSV Global Blockchain Convention sheds light on how blockchain can save the environment

Tech

Steve Kaaru

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5 June, 2022

BSV Global Blockchain Convention sheds light on how blockchain can save the environment

nChain’s Sean Griffin moderated a panel of carbon credit and software experts discussing the significance of the carbon credits industry...

Jack Dorsey and Michael Saylor send letter to EPA defending BTC mining

Business

Gavin Lucas

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11 May, 2022

Jack Dorsey and Michael Saylor send letter to EPA defending BTC mining

A group of influential BTC investors, including Michael Saylor and Jack Dorsey, recently sent a letter to the EPA outlining...

Swiss National Bank won’t hold BTC as reserve currency: report

Business

Steve Kaaru

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4 May, 2022

Swiss National Bank won’t hold BTC as reserve currency: report

The chair of the bank said that it could very easily purchase BTC but has decided against it as it...

Earth Day 2022: BSV still shows how proof-of-work blockchains can be energy-efficient

Events

Jon Southurst

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22 April, 2022

Earth Day 2022: BSV still shows how proof-of-work blockchains can be energy-efficient

On Earth Day 2022, we shouldn't only reflect on how much energy we're consuming but also on how we're using...

BTC v Ripple in proof-of-climate-change dust-up

Business

Steven Stradbrooke

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1 April, 2022

BTC v Ripple in proof-of-climate-change dust-up

The co-founder of ‘crypto’ token/commodity Ripple wants BTC to shift to a Proof of Stake consensus mechanism, apparently because he...

Zhejiang province hikes energy costs for miners as China doubles down on sector

Tech

Steve Kaaru

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2 March, 2022

Zhejiang province hikes energy costs for miners as China doubles down on sector

Despite a countrywide ban on block reward mining, Zhejiang has become the latest province to implement an electricity hike for...

Kazakhstan wants to raise tax on block reward miners by 500%

Tech

Steve Kaaru

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15 February, 2022

Kazakhstan wants to raise tax on block reward miners by 500%

The proposal by the Minister of Finance will also see miners pay a monthly tax on their mining rigs, whether...

The future economics of block reward mining

Tech

Patrick Thompson

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14 February, 2022

The future economics of block reward mining

If producing a block consumes the same amount of energy across all chains, then the most energy-efficient chain is the...

ESMA vice chair seeks proof of work mining ban for European Union

Tech

Patrick Thompson

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4 February, 2022

ESMA vice chair seeks proof of work mining ban for European Union

The top executive suggests a proof of work (PoW) mining ban as well as a switch to proof of stake...

Georgia makes residents pledge holy oath vs digital currency mining

Business

Steve Kaaru

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25 January, 2022

Georgia makes residents pledge holy oath vs digital currency mining

As China leads a number of countries in legal measures against block reward mining, Georgia is turning to a different...

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