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“# Public, private actors in Delhi trial blockchain-based solar energy trading ” Tata Power DDL, a leading electricity distribution company that serves over seven million residents in North Delhi, is piloting a solar energy trading project together with Australian blockchain firm PowerLedger and the India Smart Grid Forum, or ISGF. The pilot, which runs until…
“# China’s Inner Mongolia to shut down crypto mining farms by April 2021 ” Authorities of the Chinese autonomous region of Inner Mongolia have proposed to close down all local cryptocurrency mining facilities to reduce energy consumption in the region. The Inner Mongolia National Development and Reform Commission, or NDRC, released an official proposal to…
“# Belarus government explores potential move into crypto mining ” The Belarus state is studying the cryptocurrency industry for a potential move into mining digital coins like Bitcoin (BTC). The Ministry of Energy of the Republic of Belarus officially announced Friday that it is actively exploring the pros and cons of cryptocurrency mining. Minister Viktor…
“# Bitcoin mining likely didn’t contribute to Texas’ power outages, says expert ” Though many Texans are still suffering in the aftermath of a winter storm that left millions without power and running water for days, it’s unlikely that the crypto mining farms in the state played much of a role during the crisis. Speaking…
“# Firm in Portugal to accept Bitcoin for electricity bills ” Luzboa, a small energy trading company in Portugal, will soon start accepting Bitcoin (BTC) as payment for electricity. The company’s president Pedro Morais Leitão announced the news to Portuguese publication Expresso on Wednesday, stating that the new payment option should become available this month….
“# Russian crypto mining firm scrambles to meet foreign demand ” Global cryptocurrency mining operators are increasingly moving their equipment to Russia and the Commonwealth of Independent States as they chase lower energy prices. Igor Runets, founder and CEO of Russian crypto mining firm BitRiver, told local news agency Kommersant Thursday that the company is…
“#Oil, natural gas prices surge as winter storm hammers market” Oil and natural gas prices jumped Tuesday as a massive winter storm kneecapped energy production in the US. West Texas Intermediate crude oil futures traded near their highest levels in about 13 months after the storm forced oil wells and refineries to shut down in…
“#How ‘pee bacteria’ could change electricity production as we know it” The world population is estimated to reach 9.5 billion by 2050. Given that most of our current energy is generated from fossil fuels, this creates significant challenges when it comes to providing enough sustainable electricity while mitigating climate change. One idea that has gained…
“# Bitcoin energy debate resurfaces with calls for ‘green hackers’ to attack network ” The exponential rise in Bitcoin’s price and hash rate is driving critics to once again question the largest blockchain’s energy efficiency — with calls for “green hackers” to band together to mount an attack on the network. Total world production and…
“# Surge in Bitcoin energy consumption sparks debate in crypto community ” The recent surge of Bitcoin (BTC) price has driven notable growth in the amount of electricity consumed by Bitcoin miners, spurring another wave of argument in the community over the ecology of the seminal cryptocurrency. According to the latest data from Digiconomist’s Bitcoin…