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The cost of mining one Bitcoin drastically changed after April’s halving, while eight countries with affordable electricity have already banned BTC mining. Mining Bitcoin (BTC) was once a cash cow for early individual adopters, but not since the halving earlier…
BTC
Bitcoin
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A recent International Monetary Fund report claiming a surge in carbon emissions from AI and crypto usage has sparked a rebuttal from Bitcoin advocate Daniel Batten. The report suggests that regulators should impose a ‘crypto carbon’ tax due to the…
BTC
Bitcoin
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Venezuela's Ministry of Electric Power plans to cut off crypto-mining companies drawing power from the national power grid SEN (Sistema Electrico Nacional).Â
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The Energy Information Administration will soon embark on a data-gathering mission for crypto mining to gather comprehensive details regarding energy usage.
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Binance is set to publicly launch a crypto exchange in Thailand in early 2024 in partnership with the local energy powerhouse Gulf Energy Development. According to a filing with the Stock Exchange of Thailand on Nov. 15 by Gulf Energy,…
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Bitcoin and crypto mining are said to be energy-intensive processors. However, new studies discover that mining is not as energy-demanding as asserted.
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How do you secure a blockchain without harming the environment? It’s a question developers have grappled with since the Bitcoin genesis block was mined in 2009, and over the years a slew of alternative consensus mechanisms have come to the…
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GuildOne has partnered with Blockchain for Energy to pilot the first blockchain-based Integrated Joint Venture Management (IJVM) platform. Moving Power to Blockchain According to a Ledger Insights report published on June 3, oil and gas technology firm GuildOne has joined…
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Power Ledger (POWR), an Australian blockchain-powered energy trading firm founded in 2016, has conducted a solar energy trading trial in collaboration with the Australian government and found out that distributed ledger technology (DLT) based P2P energy trading helps consumers slash…
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BunkerTrace has announced the successful pilot of its unique blockchain that tracks fuel across the supply chain. The network is now live for commercial subscriptions, and companies and marine companies are jumping onto the bandwagon, as reported by AJOT, October…
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According to a press release, August 25, researchers from the University of Waterloo have developed an open system based on blockchain to mitigate trust issues in electric charging stations trades. The platform allows users to check whether they have been…
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According to an announcement made on July 10, 2019, American energy-focused blockchain firm LO3 Energy has raised investments from Shell and Sumitomo Corporation for the commercialization of a blockchain-based community energy platform. LO3 is Looks to Scale Brooklyn firm LO3…
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Marubeni Corporation, the fifth largest Japanese sogo shosha trading in a vast array of products and materials, has joined forces with LO3 Energy, a United States-based firm that claims to develop distributed ledger technology (DLT) powered energy solutions. The collaboration will…
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The United States Department of Energy has announced on January 7, 2018, that it has allocated $4.8 million dedicated specifically to research and development of four areas of which Cybersecure Sensors for Fossil Power Generation includes the application of blockchain. DOE Plans…
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VAKT, a blockchain-based consortium formed by leading oil and energy sector companies announced the launch of its commodity post-trade management platform through a press release dated November 29, 2018. The launch entails the birth of the world’s first enterprise-grade DLT…
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Paraguay’s hydroelectric powered-towns, long associated as dugouts for drug cartels, smuggling, and ammunition rackets, are now home to miners connected in a sophisticated network circuitry to mine cryptocurrencies for their owners. Giving Rise to Meaningful Industry In the city of…
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