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Tag: Energy Consumption

Russia bans crypto mining for 6 years in 10 regions

December 24, 2024 wp-bot Cointelegraph

Russia’s key crypto mining regions like Irkutsk will enforce seasonal mining restrictions instead of originally proposed complete bans.

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Has Russia really ‘legalized’ cryptocurrency mining?

November 1, 2024 wp-bot Cointelegraph

Russia’s crypto mining laws have filled the “regulatory vacuum,” but there is still a lot of legal uncertainty about many aspects of regulation.

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IMF execs float raising crypto mining electricity prices by 85%

August 16, 2024 wp-bot Cointelegraph

A tax on the energy used by crypto miners could cut emissions by 100 million tons a year, equal to Belgium’s emissions, say two IMF

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Miner profitability falls to record lows — Blocksbridge

August 8, 2024 wp-bot Cointelegraph

Reduced block rewards post-halving and Bitcoin mining difficulty reaching new heights are eating away at miner revenues.

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Senator Cynthia Lummis releases report attacking Biden’s mining tax

July 23, 2024 wp-bot Cointelegraph

The pro-crypto senator claimed that Bitcoin mining consumes as much energy as household appliances such as tumble dryers.

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Bitcoin uses more renewable energy, but will Tesla accept it again?

June 16, 2024 wp-bot Cointelegraph

Tesla removed Bitcoin payments citing environmental concerns, but Elon Musk pledged to reinstate them if renewable energy use on the network increased.

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