Energy
Hut 8 Mining Corporation Ramps Up Fight Against Power Supplier
Hut 8 Mining sued Ontario over power supply to a newly built crypto mining plant.
Ethereum Energy consumption, Carbon Footprint Reduce 99.99% after Merge
Ethereum completed a massive software upgrade that is said to have slashed its carbon footprint and energy usage.
Bitcoin Mining Transforming Global Energy Crisis, Says Arcane Research
Arcane Research suggests crypto mining would help to resolve the energy crisis triggered by fossil fuels.
Energy Crisis Is Forcing Cryptocurrency Mining Companies Out of Kazakhstan
Kazakhstan recently welcomed the Bitcoin miners from China. But now lack of adequate electricity supply is causing some mining farms to relocate elsewhere.
Bitcoin Accelerates the Development of Renewable Energy for Bitcoin Mining
The use of volcano power to mine Bitcoin (BTC) in El Salvador was propelling the leading cryptocurrency’s quest to accelerate renewable energy development.
Why Cryptocurrency Massive Energy Consumption Is Extravagant?
Overblown bitcoin energy consumption is leaving an adverse impact on environmental sustainability and different opinions exist of bitcoin miner experts regarding this major concern.
Elon Musk: Lightning Network Needed to Fix Scalability Problem in Bitcoin Network
Elon Musk urges that layer-2 payments Lightning Network is essential to offer the required bandwidth for Bitcoin transactions to solve its scalability problem.
Traditional Banking System Consumes Twice Energy Than Bitcoin Mining, New Research Reveals
A new study by Galaxy Digital shows that the traditional banking system uses twice the energy that Bitcoin mining consumes.
Square Says It Has No Plans of Purchasing More Bitcoin After $20 Million Loss
Following Tesla's announcement that it will halt Bitcoin payments, Square disclosed that it had no intentions of buying more Bitcoin.
German Government to Revamp its Energy Sector with Blockchain-Based Strategy
The German government intends to propel efficiency and productivity in its energy sector. As a result, it intends to use blockchain technology to attain this objective as stated by the country's Federal Minister of Economics, Peter Altmaier.