Auto Added by WPeMatico

EU to Target Crypto Miners’ Power Usage as Union Relies Less on Russian Energy

Authorities in Brussels are taking steps to reduce power consumption, including in cryptocurrency mining, as the EU faces limited energy supplies from Russia, the reliance on which it has been…

Continue ReadingEU to Target Crypto Miners’ Power Usage as Union Relies Less on Russian Energy

Norway Prepares to Reverse Electricity Tax Cut for Cryptocurrency Miners

The Norwegian government is reviewing a proposal to abolish the policy of preferential tax treatment for data centers mining cryptocurrency with cheaper electricity. The executive power in Oslo says conditions…

Continue ReadingNorway Prepares to Reverse Electricity Tax Cut for Cryptocurrency Miners

Bill Aims to Limit Crypto Mining in Kazakhstan Only to Registered Companies

New legislation proposed in the parliament of Kazakhstan will allow only authorized miners to mint digital currency, if adopted. The draft has been designed to comprehensively regulate the industry and…

Continue ReadingBill Aims to Limit Crypto Mining in Kazakhstan Only to Registered Companies

Russia to Supply Electricity to Kazakhstan’s Cryptocurrency Miners

Russia is preparing to provide Kazakhstan with additional energy needed to operate crypto mining farms in the Central Asian nation. New arrangements will allow Kazakhstan’s miners to buy electricity directly…

Continue ReadingRussia to Supply Electricity to Kazakhstan’s Cryptocurrency Miners

Solar-Powered Crypto Farm in Australia to Prove Bitcoin Mining Can Be Green

A crypto mining data center in the state of South Australia will be running mainly on solar-generated electricity, a media report reveals. The coin minting facility has been set up…

Continue ReadingSolar-Powered Crypto Farm in Australia to Prove Bitcoin Mining Can Be Green

Hungary’s Prime Minister Says ‘Europe Has Run out of Energy’ Amid Russia’s Gas Standoff

Europe is suffering and struggling to contain an energy crisis according to various reports that say the eurozone might have to deal with a cold winter that could lead to…

Continue ReadingHungary’s Prime Minister Says ‘Europe Has Run out of Energy’ Amid Russia’s Gas Standoff

Electricity Consumption of Russian Crypto Miners Spikes 20 Times in 5 Years, Research Finds

Power needs of cryptocurrency miners in Russia have grown significantly since 2017, with consumption of electrical energy seeing a 20-fold increase over the five-year period. In 2021, the minting of…

Continue ReadingElectricity Consumption of Russian Crypto Miners Spikes 20 Times in 5 Years, Research Finds

Kosovo Renews Crypto Mining Ban Amid Rising Energy Prices

The government of Kosovo has adopted measures tailored to maintain energy supply in the coming months, including a ban on cryptocurrency mining. The move comes amid a sharp increase in…

Continue ReadingKosovo Renews Crypto Mining Ban Amid Rising Energy Prices