You Searched For "crypto energy consumption" and got 18 results
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2 mins read
5 energy stocks that will get a boost from ballooning electric demand
BofA says that after multiple decades of stagnant electricity demand, the US is seeing a surge due …
Filip De Mott
2 mins read
Crypto and AI will drive exorbitant energy use after decades of flat demand, analyst says
Data centers are expected to drive a surge in electricity demand growth, tripling their power consu…
Aruni Soni
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
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
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…
1 min read
A Canadian bitcoin ETF aims to offset its climate impact by planting trees to become the 1st carbon-negative investment fund
Accelerate Financial Technologies will be planting around 3,450 trees for every C$1 million investe…
Isabelle Lee
2 mins read
Crypto miners are pulling in more money than ever as bitcoin shatters records
Crypto mining revenue hit $78 million a day on Monday, a new all-time high for the industry, accord…
Filip De Mott
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
2 mins read
A massive cannabis farm raided by UK police turned out to be a bitcoin mine
"It's certainly not what we were expecting," police said. "It had all the hallmarks of a cannabis c…
Isabelle Lee
3 mins read
Energy consumption is a constant concern in crypto mining, but more sustainable practices are emerging
The surging use of non-fungible tokens (NFTs) and cryptocurrencies calls for increased efforts to m…
Karen K. Ho
3 mins read
The US has been sweeping up shares of the bitcoin hashrate as miners exit China
New data from the Cambridge Centre for Alternative Finance puts empirical evidence behind the ongoi…
Emily Graffeo
2 mins read
Crypto mining in Texas could be costing energy customers an extra $69 per year on their electrical bills
Since China banned crypto mining in 2021, a number of operations have moved to Texas, requiring an …
Will Gendron
1 min read
China's crypto crackdown expands as a northern province announces new restrictions on mining and trading in cooperation with Beijing
"Cryptocurrency mining consumes an enormous amount of energy, which is against China's 'carbon neut…
Carla Mozée
2 mins read
Bitcoin mining profitability poised for surge as spot ETFs gain approval
According to S&P Global Commodity Insights, the long-awaited decision has created a ripple effect i…
ANI
2 mins read
Crypto miners used the same amount of electricity as all of Australia last year
In the US alone, crypto mining uses 0.6% to 2.3% of the country's electricity demand — as much as e…
Aruni Soni
2 mins read
Bitcoin slips below $38,000 as it struggles to retrace losses despite efforts from Musk and Saylor to buoy confidence
The efforts of bitcoin bulls Elon Musk and Michael Saylor to calm nerves didn't prevent another sli…
Isabelle Lee
2 mins read
I asked ChatGPT to make the case for and against crypto and it weighed in on regulation, energy, and decentralization
OpenAI's popular language bot offered five reasons in favor of tokens and five reasons against thei…
Phil Rosen
1 min read
Elon Musk's concerns about bitcoin's energy consumption are misguided, Ark Invest says
Bitcoin has fallen 32% since Musk said Tesla would no longer accept bitcoin as a form of payment du…