Energy

The U.S. Department of Energy (DOE) will start collecting data on the electricity consumption of American cryptocurrency farms, following criticism from environmental advocates about the high energy consumption of this activity.…

Bitcoin mining has long been singled out for its contribution to rising global carbon emissions. Estimates suggest that the Bitcoin network consumes roughly 122 terawatt-hours of electricity annually. Evidently, it is more than some…

The Bitcoin ESG Forecast has revealed that Bitcoin (BTC) mining using sustainable energy has increased to a new all-time high of 54.5%, with sustainable mining rising by 3.6% overall during the calendar year of 2023.According to an…

The energy footprint of Bitcoin mining is off the charts. The already gargantuan energy consumption of the process to mint new coins of the cryptocurrency more-than doubled over the course of 2023 on the back of strong prices. The…

"Bitcoin is beginning to become a benchmark asset for the younger generation," said Anthony Pompliano, founder of Pomp Investments. "We know most investors can't beat benchmarks, so adding the new benchmark to your asset allocation is…

Bitcoin mining infrastructure provider Compute North helped the Nebraska Public Power District’s (NPPD’s) storm restoration efforts on Wednesday by quickly reducing the power usage of a 100 megawatt (MW) data center. Severe weather…

The ban is the second time this year that Iran ordered a shutdown of authorised cryptocurrency mining centres to ease the strain on the country’s power plants.By Yasna Haghdoost and Arsalan ShahlaBloombergPublished On 28 Dec 202128 Dec…

Industry veteran Austin Mitchell launches Synota to expedite payments and data within the energy sector.Cynthia Bent Findlay  |  Columbus CEOThe word “bitcoin” conjures up images of wild speculation in a mysterious, unregulated…

Good morning.  We kick off with some rather grim data on the health of the UK economy. The ONS has revised down its figures for third-quarter GDP growth from 1.3pc to 1.1pc. That's a sharp slowdown from the 5.4pc growth registered as…

Workers transferring cryptocurrency mining rigs at a farm in Sichuan provinceAFP | Getty ImagesKirk is mining for bitcoin in the Chinese province of Sichuan, hoping every day that he doesn't get caught by the authorities. Like other…