Search Results for: Energy Consumption

Natural Gas Price Hike Hits Crypto Miners in Iran

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Companies using natural gas as a power source to mint digital currency in Iran will have to deal with a sharp increase in the price of the fuel. The new rates set by the state-run supplier are almost double the previous…

The Fed Codifies Fourth Consecutive 75bps Rate Hike — Stocks, Bitcoin, and Metals Rise

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Los Estados Unidos. Federal Reserve introduced another jumbo rate hike on Wednesday, Nov. 2, 2022, by hiking the federal funds rate (FFR) por 75 puntos básicos (bps). The American central bank said on Wednesday that the hike aims to curb inflation and…

El FMI espera que la economía de EE. UU. experimente una alta inflación durante al menos uno o dos años más

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The International Monetary Fund (FMI) expects the U.S. economy to experience high inflation for at least another year or two. “I would be careful about looking at one data point for the U.S.,” IMF First Deputy Managing Director Gita Gopinath cautioned….

El consumo de electricidad de los criptomineros rusos aumenta 20 Veces en 5 Años, Hallazgos de investigación

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Power needs of cryptocurrency miners in Russia have grown significantly since 2017, with consumption of electrical energy seeing a 20-fold increase over the five-year period. En 2021, the minting of the coin with the largest market cap, bitcoin, required 1.25 gigawatts…

La policía en Kazajstán arresta a una pandilla que obliga a los especialistas en TI a administrar criptogranjas

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Law enforcement in Kazakhstan detained members of a crime group suspected of forcing IT experts into operating underground facilities for cryptocurrency mining with threats and blackmail. The racketeers allegedly made up to half a million U.S. dollars a month from their…

Iran Amends Regulations to Ease Crypto Miners’ Access to Renewable Energy

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Authorities in Iran have revised some rules for the crypto mining industry in order to facilitate its access to green power. Licensed miners will now be able to purchase electricity produced from renewable sources from across the country at lower rates….

Sweden Needs Power for More Useful Things Than Bitcoin Mining, Energy Minister Says

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Concerned about projected increase in electricity demand, the government in Sweden may turn its back on crypto mining, the country’s energy minister has indicated. Swedish bitcoin minting industry, a leader in Europe, is likely to soon lose the preferential treatment it…

Iran to Shut Down Crypto Mining Farms Amid Record High Power Demand

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Authorities in Iran plan to unplug licensed crypto mining facilities as electricity consumption in the country is reaching record highs. The mining farms will be cut off from the grid on Wednesday, the Islamic Republic’s Ministry of Energy announced. Legal Crypto…

Se acerca el número de granjas ilegales de criptominería reventadas en Irán 7,000

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Las autoridades en Irán han cerrado cerca de 7,000 Instalaciones no autorizadas para la minería de criptomonedas en los últimos dos años., medios locales revelaron. De acuerdo con el reporte, la mayoría de las granjas ilegales de bitcoins se concentraban en cinco provincias de la República Islámica,…

Propuesta de prohibición de criptominería en Noruega no obtiene apoyo en el Parlamento

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La mayoría de los legisladores ha rechazado un impulso para prohibir la minería de prueba de trabajo de criptomonedas que consume mucha energía en Noruega.. The ban had been suggested by the far-left Red Party which also didn’t win backing to raise an electricity tax for…