Electricity

For Crypto Miners, Bitcoin’s Halving Could Mean a Doubling in Costs

Bitcoin investors speculate the upcoming halving could send prices skyrocketing to $90,000 or higher.  To the operators of high-speed computers used to mine for bitcoin, the halving looks more like a doubling — of costs. In a new report, the crypto-focused research firm TradeBlock estimates the average cost to mine a single bitcoin (BTC) could …

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3 Cents per kWh – Central Asia’s Cheap Electricity Entices Chinese Bitcoin Miners

</header> <strong>As tensions escalated between the U.S. and Iran in recent months, reports have detailed that Chinese bitcoin miners are looking to set up shop in Central Asia and more specifically in Kazakhstan and Uzbekistan. Last spring, Chinese bitcoin mining operations flocked to Iran for extremely affordable electric prices ($0.006 per kilowatt-hour) in the oil-rich …

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Iran Issues More Than 1,000 Cryptocurrency Mining Licenses

</header> <strong>The Iranian government has reportedly issued more than 1,000 licenses for cryptocurrency mining since it began regulating the industry. </strong><strong>A number of large mining farms have set up in the country, but high electricity tariffs have kept many small investors away.</strong> Also read: Regulatory Roundup — New US Crypto Tax Bill, Central Banks Join …

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Is Central Asia the New Safe Haven for Crypto Mining Amid Iran-US Crisis?

Recently, the cryptocurrency mining community has been shaken with rumors of Chinese miners leaving Iran — where crypto mining is authorized as an industrial activity — for Central Asia. The move has ostensibly been taken in an attempt to find a new safe haven amid the tensions between the United States and Iran, as well …

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Uzbekistan to Create National Mining Pool, Launch Licensed Exchange

</header> <strong>Establishing a “national mining pool” has been declared a priority in Uzbekistan. Miners who join the pool will enjoy lower electricity rates, announced the country’s agency overseeing the crypto industry. The Central Asian nation is also preparing to launch a licensed cryptocurrency exchange, where miners will be able to sell the coins they have …

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This Company Sets Out to Prove Crypto Mining Has a Place in Your Home

</header> <strong>Hotmine, a company based in Ukraine which engineers home appliances for crypto enthusiasts, is not new to mining equipment development. But sometimes it takes the right time and the right technology to be able to create and offer solutions that consumers would be willing to buy and use. Thanks to tech progress and proper …

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Authorities in Sichuan Go After Miners to Save Electricity in the Dry Season

</header> <strong>Regional authorities in the province of Sichuan are reportedly pressuring bitcoin miners to scale down operations amid electricity shortages during the dry season in Southwest China. A meeting has been scheduled with regulators, the state run grid operator and mining companies. Two hydropower stations have been fined already for powering bitcoin farms without authorization. …

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Government of Abkhazia to Intensify Identification of Crypto Mining Farms

Abkhazia, an autonomous region in northwest Georgia, is planning to intensify the works on the identification of cryptocurrency mining farms in the region. According to a news release published on the Cabinet of Ministers’ website on Dec. 12, Prime Minister of Abkhazia Valeri Bganba held a meeting dedicated to the current state of the region’s …

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Which of the cleaner states import dirty electricity?

Enlarge TVA.gov In the United States, electricity generation accounts for nearly 30% of our carbon emissions. Some states have responded to that by setting aggressive renewable energy standards; others are hoping to see coal propped up even as its economics get worse. Complicating matters further is the fact that many regional grids are integrated, meaning …

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