Tag: electricity

Oct 04 2021

Kyrgyzstan Government Raises Rates For Crypto Miners

The Cabinet of Ministers of Kyrgyzstan has recently revised its electricity tariffs for different groups of consumers. The authorities have raised the rates at which crypto mining businesses buy power. They cited the energy- intensive nature of the crypto mining process. Related Reading | More Miners Come Back Online...

Sep 24 2021

Midwest Utility Mines Bitcoin To Balance Electricity Supply

Missouri's largest utility, with 1.2 million customers, is mining bitcoin to better match demand and manage variability on the grid.Ameren Missouri, the largest utility in the state that serves 1.2 million customers, began experimenting with bitcoin mining in April to manage variability on the grid, reported...

Sep 20 2021

NYDIG Report: Bitcoin Provides Value That Far Outweighs Its Energy Costs

Sep 20 2021 Published at Bitcoin Magazine under tags  bitcoin electricity energy markets nydig

"Bitcoin Net Zero" explained that Bitcoin's energy usage has to be seen in the context of its merits and why the currency is a unique innovation to humanity.NYDIG published today "Bitcoin Net Zero," a 70-page document that evaluated Bitcoin's energy consumption in the context of its role in society. The paper, co-authored by Nic Carter, general partner of Castle...

Sep 17 2021

Lessons From The “This Machine Greens” Bitcoin Documentary, Pt 1: Net Positive

What does the “This Machine Greens” title suggest? It’s a documentary about Bitcoin mining. The thesis is that the process is “a net positive for the environment.” The aim was to “dispels many of the misconceptions about Bitcoin mining.” Can the team behind...

Dec 01 2020

You Don’t Have To Worry About Bitcoin’s Reliance On Utilities

Imagine what life would be like if there were no electricity or communications networks available. How many days of food do you have at your house? How much cash do you have on hand? Can you go out to try to buy up what’s left at the stores that still have their doors open? What else would you be worried about? What would...

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