Texas Lawmakers Rethink Crypto Mining As Power Needs Soar By 2030

Texas Lawmakers Rethink Crypto Mining As Power Needs Soar By 2030

Texas lawmakers are reconsidering their previously welcoming stance on cryptocurrency mining after new projections estimate a massive increase in the state’s electricity needs by 2030. According to the Houston Chronicle, the Electric... Read more »
Bitcoin mining, AI data centers increasing demand on Texas power grid, leaders say

Bitcoin mining, AI data centers increasing demand on Texas power grid, leaders say

Bitcoin mining, AI data centers may stress power grid ERCOT’s CEO says explosive growth in the State of Texas will continue to put pressure on the power grid. Technology like crypto mining... Read more »
Paraguay seizes 2,738 ASICs as power theft crackdown continues

Paraguay seizes 2,738 ASICs as power theft crackdown continues

Property containing 2,738 crypto mining units was seized in Salto del Guairá, Paraguay, after the National Electricity Administration (ANDE) detected an unmetered power connection in the area. There is a bill before... Read more »
Laos Faces Power Crisis from Crypto Mining, Low Rainfall

Laos Faces Power Crisis from Crypto Mining, Low Rainfall

Laos faces electricity shortages as cryptocurrency mining and erratic rainfall strain its hydropower capacity.  Somboun Sangxayarath, an advisor at Electricite Du Laos (EDL), cites cryptocurrency mining’s surge, now constituting over a third... Read more »
US Treasury Seeks Power to Implement More Sanctions on Crypto Exchanges

US Treasury Seeks Power to Implement More Sanctions on Crypto Exchanges

The US Treasury is seeking expansion of its powers to stop any kind of illicit crypto funding as well as monitoring the crypto exchanges. The US Treasury Department is looking to tighten... Read more »
Paraguay Might Terminate Bitcoin Mining Due To Power Costs

Paraguay Might Terminate Bitcoin Mining Due To Power Costs

This week, a coalition of 15 senators in Paraguay has introduced legislation to halt the mining of Bitcoin and other cryptocurrencies within the nation. The lawmakers’ rationale for this move centers on... Read more »
Texas crypto mining draws criticism over high power bills, environmental issues

Texas crypto mining draws criticism over high power bills, environmental issues

LAUREN TAYLOR IN TEXAS, THE ONCE-WELCOMED BITCOIN MINING INDUSTRY FACES BACKLASH DUE TO RISING ENERGY PRICES AND ENVIRONMENTAL CONCERNS.  FOLLOWING CHINA’S 2021 BAN ON CRYPTO MINING, TEXAS, WITH ITS CHEAP POWER AND... Read more »
Bitcoin Mining Significantly Strains the Power Grid

Bitcoin Mining Significantly Strains the Power Grid

According to a report from Fox Business’ Charles Gasparino, the White House has claimed that Bitcoin mining places significant strain on the power grid. Indeed, Gasparino reported White House concern over BTC... Read more »
News Explorer — Is Bitcoin’s Price Resilient Enough To Power Through Genesis Plan to Sell .6 Billion in GBTC Shares?

News Explorer — Is Bitcoin’s Price Resilient Enough To Power Through Genesis Plan to Sell $1.6 Billion in GBTC Shares?

Feb 16, 10:21 pm Decrypt Is Bitcoin’s Price Resilient Enough To Power Through Genesis Plan to Sell $1.6 Billion in GBTC Shares? The price of Bitcoin has surged to new highs, reminiscent... Read more »
US Department of Energy plan to collect crypto energy data is ‘abuse of power’

US Department of Energy plan to collect crypto energy data is ‘abuse of power’

The US Energy Information Administration (EIA) has been accused of “federal overreach” and of abusing its authority after it was announced that it would granted the power to regularly collect energy use... Read more »