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Electricity News

Electricity is the physical flow of electrons. This flow is an energy carrier and is used to deliver energy for electrically-powered devices and establishments. Electricity is a major problem for the cryptocurrency industry. Blockchain electricity consumption values vary due to the algorithm used for establishing consensus. Proof-of-work cryptocurrencies demand a lot of power to operate. As a major PoW cryptocurrency, Bitcoin electricity usage is estimated around the value equal to that of Ireland. Bitcoin mining electricity is the most consuming part of the cost. Blockchain electricity consumption is also an environmental problem, as the growing amount of power demand may lead to climate change. Fixing the problem of large electricity requirements is a field of work for many tech companies. The most used technology for reducing energy demand is a proof-of-stake consensus algorithm that changes the way mining is performed.

Top News

Is Dogecoin set to follow Shiba Inu’s (SHIB) 400% breakout?

'Much ow' ahead? Dogecoin chart fractal puts Shiba Inu's 390% QTD rally in danger

Shiba Inu rebounds 40% despite major selling by SHIB whales

One currency to rule them all: Facebook’s Diem has global ambitions

Shiba Inu is now a top-20 cryptocurrency with SHIB price soaring 300% in 9 days

A startup is vowing to tackle “obscene” levels of energy consumption in crypto mining by enabling users to donate computing power to issues they care about.

Public Gets Chance to Earn Block Rewards by Donating Computing Power to Scientific Research

Connor Blenkinsop

2019-01-15T09:00:00+00:00

4893

The government of Abkhazia has cut off power to 15 crypto mining farms due to concerns over electricity consumption.

Government of Abkhazia Cuts Off Power to 15 Cryptocurrency Mining Facilities

2019-01-02T00:55:00+00:00

19568

Iranians who are turning to Bitcoin mining due to economic difficulties caused by U.S. sanctions still manage to profit due to low electricity prices.

Iranians Still Profiting From Bitcoin Mining Despite Market Crash and US Sanctions

2018-12-19T16:02:00+00:00

8743

South Korea’s government will spend $3.5 million to set up a blockchain-enabled virtual power plant in the city of Busan.

Major South Korean City to Build Blockchain-Enabled Virtual Power Plant

2018-12-10T15:40:00+00:00

7236

Canada-based blockchain and crypto company DMG Blockchain Solutions has energized most of its 85 megawatt crypto mining facility in British Columbia.

Canada’s DMG Blockchain Puts 85 Megawatt Crypto Mining Facility Into Operation

2018-11-09T00:59:00+00:00

7879

The city of Ephrata, Washington, has temporarily halted new crypto mining developments for the next 12 months.

Ephrata, Washington Imposes Year-Long Ban on New Cryptocurrency Mining Operations

2018-10-21T12:30:00+01:00

30957

Diar states crypto mining has seen record revenues in 2018, but the prices for electricity will soon make it profitable only for “bigger players.”

Crypto Mining Becomes Less Profitable, Shifts Towards ‘Bigger Players,’ Report Shows

2018-10-09T17:48:00+01:00

11724

Bitcoin’s rising energy consumption doesn’t rise quite so fast in the summer.

Bitcoin’s Energy Consumption in Summer: Rise or Fall?

2018-09-14T00:28:00+01:00

5421