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You Searched For "bitcoin energy" and got 20 results


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1 min read

Exxon is trying out a program that will use leftover natural gas to power bitcoin mining

The largest US oil producer began a pilot program in January 2021 that uses excess natural gas to p…

Phil Rosen   


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3 mins read

Russian lawmaker proposes accepting bitcoin for its oil and gas exports from 'friendly' countries like China and Turkey

Russia's head of the energy committee said the national currency of friendly buyer countries &mdash…

Shalini Nagarajan   


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2 mins read

US crypto mining poses a supply risk to public power utilities, according to Fitch Ratings

Crypto mining could pose power supply issues for public power utilities in the US if not mitigated,…

Hamza Fareed Malik   


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1 min read

The US unseats China as world's biggest bitcoin miner, accounting for a third of the global hash rate after Beijing's crackdown

The increase in the share of the US came after China in September banned all cryptocurrency transac…

Isabelle Lee   


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1 min read

Bitcoin's latest sell-off is a good entry point for investors ahead of halving, JPMorgan says

The quadrennial bitcoin halving will take place in the coming days, and will reduce the amount of b…

Yuheng Zhan   


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3 mins read

Bitcoin's record-high price means its energy use is soaring again - just as the world tries to tackle climate change at COP26

A higher bitcoin price means more people want to "mine" it - and that means more computers guzzling…

Harry Robertson   


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2 mins read

The US has sanctioned crypto-mining firm Bitriver to prevent Russia from bypassing energy export bans

The US Treasury said that Russia's advantage in energy resources and having a cold climate make its…

Weilun Soon   


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1 min read

Iran is ordering crypto-mining centers to shut down for the 2nd time this year to prevent blackouts

Iran is ordering authorized crypto-mining centers to shut down to prevent blackouts. Bloomberg was …

Isabelle Lee   


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1 min read

A bitcoin miner was jailed in England for stealing $44,000 of electricity to run his operation

A 40-year-old man reportedly stole electricity from a nightclub and an industrial site in England t…

Carla Mozée   


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2 mins read

Cryptocurrency mining is causing power shutdowns in Kazakhstan, and China may be to blame

The electricity demand in the country has increased by eight percent so far this year as compare…

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3 mins read

Crypto could give Russia several ways to sidestep sanctions — and bitcoin mining powered by embargo-hit energy is just one, the IMF says

Laws and regulations for foreign exchange should be amended if needed to cover crypto alongside tra…

Hamza Fareed Malik   


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3 mins read

Bitcoin miners may push Kazakhstan towards nuclear power despite its uneasy history

The country’s share in the global crypto mining hash rates have grown four folds over the past year…

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1 min read

Bitcoin mining firm Bitfury is reportedly planning to go public in what would be Europe's biggest crypto IPO

Bitfury was seeking advice from Deloitte to review its readiness to go public, The Telegraph report…

Isabelle Lee   


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2 mins read

Bitcoin mining isn't just consuming energy, it's also generating 272 grams of e-waste with every transaction

The study indicated that Bitcoin could produce as much as 64.4 metric kilotons of e-waste, ove…

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2 mins read

El Salvador President Nayib Bukele's latest bitcoin purchase channels meme energy with magic number

In a series of tweets — all pointing to the number 21 — President Nayib Bukele documented the count…

Natasha Dailey   


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1 min read

El Salvador passes law for bitcoin-backed 'volcano bonds' and eyes expanding to other cryptocurrencies

The bond issuance was originally planned for early 2022, and El Salvador seeks to raise $1 billion …

Brian Evans   


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1 min read

Elon Musk’s Tesla may be ready for a second innings in cryptocurrency payments

The electric car company owned by billionaire Elon Musk, Tesla, is mulling over possibly accepting …

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2 mins read

US stocks climb as investors look to continue momentum after best trading week of the year

Markets are looking for a new catalyst to drive fresh gains after a big week. Morgan Stanley and JP…

Phil Rosen   


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2 mins read

A single bitcoin transaction creates as much waste as throwing out two iPhones, economists find

Bitcoin doesn't just use huge amounts of energy, the mining process also creates vast quantities of…

Harry Robertson   


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1 min read

China catches hundreds of banned crypto miners stealing electricity amid energy crisis

Banned crypto miners reportedly siphoned electricity from public agencies and universities during a…

Carla Mozée