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Tag: Energy Consumption

Canaan exec says opportunity outweighs crisis as Bitcoin miners struggle with shrinking profits

August 22, 2022 wp-bot Cointelegraph

This bear market is proving to be especially tough for Bitcoin miners, but Canaan senior vice president Edward Lu says the industry is “evolving toward

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‘There’s a lot less land to go around’ — why White Rock established off-the-grid mining in Texas

August 17, 2022 wp-bot Cointelegraph

“The U.S. is where the action is in terms of markets, so we plan to be in at least another couple of states as well

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Core Scientific increased Bitcoin production by 10% in July amid Texas power cuts

August 5, 2022 wp-bot Cointelegraph

The mining firm reported it “completely powered-down its Texas data center operations on several occasions” in July to support the state’s power grid operator.

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Crypto firms failed to deliver ‘promised benefits’ from lawmaker-backed incentives, says nonprofit

August 4, 2022 wp-bot Cointelegraph

“At a minimum, the public should have a say in these crypto handouts,” said the Tech Transparency Project.

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Will the Bitcoin mining industry collapse? Analysts explain why crisis is really opportunity

July 29, 2022 wp-bot Cointelegraph

Many BTC miners are in a tough spot and a few could collapse, but experts say the industry is here to stay.

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How blockchain can address Austria’s energy crisis

July 25, 2022 wp-bot Cointelegraph

In the future, energy communities should make a greater contribution to the energy transition.

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