consumption

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Abkhazia Temporarily Shuts Down 15 Mining Farms

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Authorities in Abkhazia have cut off 15 mining facilities from the territory’s electrical grid. The short-term measure is meant to alleviate power shortages during the cold winter months. The operators of the farms have fully cooperated with the local electric utility. Also read: Two Mining Companies Among Georgia’s Major Electricity Consumers 8,950 kWt of Mining … Read more

Mainstream Media Claims Bitcoin Burns More Energy Than Ireland – Does It?

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A mainstream media assertion made recently implies that cryptocurrency is quite costly in terms of energy consumption. “Bitcoin has been alarming people for years,” the report notes, pointing to the amount of electricity used for its mining – almost as much as a small nation needs. But is that really so? Also read: Japanese Internet … Read more

Mining Consumes Half as Much Power as BECI Estimates – Coinshares

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Embellished estimates as to the total electricity consumed through bitcoin mining have again made the rounds in the media recently, with many stories claiming that energy consumed by mining annually is comparable to that which is consumed by the entire nation of Ireland. Said stories appear to have been triggered by research published by Alex … Read more

Crypto Miners to Turn Off Rigs during Earth Hour

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Crypto miners have been invited to join this year’s Earth Hour campaign by turning off some of their hardware between 8:30 and 9:30 pm on March 24. The initiative to take part in the WWF’s annual event comes from the Russian crypto community. The “Crypto Hour” organizers hope to focus attention on the need for … Read more