Energy Consumption

Venezuela bans crypto mining to protect power grid

Venezuela bans crypto mining to protect power grid 2024-05-19 at 12:01 By Cointelegraph by Amaka Nwaokocha This move follows a recent crackdown that involved confiscating 2,000 cryptocurrency mining devices as part of an anti-corruption initiative. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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Paraguay floats temp crypto mining ban as illegal ‘farms’ cripple grid

Paraguay floats temp crypto mining ban as illegal ‘farms’ cripple grid 2024-04-05 at 07:02 By Cointelegraph by Jesse Coghlan The ban would last 180 days or until new laws are enacted and the national power grid operator can ensure it can supply sufficient energy. This article is an excerpt from Cointelegraph.com News View Original Source

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Bitfarms announces $240M mining upgrade to triple post-halving hash rate

Bitfarms announces $240M mining upgrade to triple post-halving hash rate 2024-04-03 at 11:02 By Cointelegraph by Arijit Sarkar Bitfarms holds $66 million in cash and 806 BTC in its treasury, giving it a total liquidity of $123 million. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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Bitcoin price and energy use for mining highly correlated: UN report

Bitcoin price and energy use for mining highly correlated: UN report 30/10/2023 at 14:02 By Cointelegraph By Arijit Sarkar UN scientists evaluated the activities of 76 Bitcoin mining nations during the 2020–2021 period and found that the global BTC mining network consumed 173.42 TW/hs of electricity. This article is an excerpt from Cointelegraph.com News View

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Bitcoin energy value metric puts BTC’s ‘fair value’ at $47K — Analyst

Bitcoin energy value metric puts BTC’s ‘fair value’ at $47K — Analyst 08/09/2023 at 21:02 By Cointelegraph By Nivesh Rustgi Charles Edwards of Capriole Investments says that despite the current headwinds, Bitcoin’s fair value sits at $45,000. This article is an excerpt from Cointelegraph.com News View Original Source React to this headline:

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