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Ban on Crypto Mining in Residential Areas Proposed in Russia
Advisors to the Kremlin have suggested that home crypto mining should be banned in Russia, or in some of its…
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Amid High Energy Demand From Miners, Russia Mulls Building New Power Plants in Siberia
Growing electricity consumption in the crypto mining sector may require the construction of new power generation facilities in Siberia, the…
Challenging Year for Bitcoin Miners as Fewer BTC Mining Rigs Are Profitable at Current Prices
Bitcoin miners have had a challenging year as the network’s mining difficulty reached an all-time high and the spot market…
Russia Cracking Down on Crypto Miners Minting in Residential Areas
Russian authorities are now prosecuting miners extracting cryptocurrency using subsidized electricity for the population, according to a top official from…
Russia Expects Sizable Increase in Crypto Miners’ Share of Power Usage
The crypto mining industry may see a two-fold increase in its share of Russia’s power consumption in 2022, according to…
Manitoba Halts New Crypto Mining Projects Due to Expected High Energy Demand
Authorities in Manitoba are temporarily suspending the connection of new crypto mining facilities to the power grid. The Canadian province,…
Data Shows There’s No Profits Left for Bitcoin Miners That Can’t Obtain Cheap Electricity, Run Efficient Mining Rigs
During the last few weeks bitcoin’s cost of production has been higher than the leading crypto asset’s spot market value…
New York Governor Signs Law Partially Banning Bitcoin Mining on Fossil Fuels
A moratorium on some crypto mining operations relying on carbon-based energy has been signed into law in New York. Businesses…
Hydro-Québec Looks to Suspend Power Distribution to Crypto Miners in Bid to Save Capacity
According to a Hydro-Québec newsroom report, the company has asked the electricity transmission and distribution regulator, Régie de l’énergie, to…
Quebec’s energy manager to seek government approval to stop powering crypto miners
Hydro-Québec, the firm managing electricity across the Canadian province of Quebec, plans to reallocate energy supplied to crypto mining firms. …
