Austrian Chancellor Karl Nehammer today called the current state of the European energy market “madness” and demanded the decoupling of electricity prices from gas prices, currently at an all-time high. «We must put an end to this madness in the energy markets. And we can
Kazakhstan’s President Kassym-Jomart Tokayev has proposed building a nuclear power plant to sustain the growth of the cryptocurrency mining industry amid the energy crisis the country is facing. The nuclear alternative to supply the country’s energy system is quite unpopular among citizens. Even so, President
Lightyear, a Dutch startup known for its solar-powered car – the Lightyear One – announced that it has found a partnership to produce the vehicle. The chosen one is the Finnish Valmet Automotive, a company that signed a letter of intent with Lightyear for the
Chinese authorities in Sichuan province forced energy distributors in the region to cut the supply for 26 bitcoin mining farms on Thursday (18), according to information from The Block. Mining companies had to turn off their machines to undergo an inspection that should last until
It seems that Tesla and SpaceX CEO Elon Musk is back to the bitcoin community, this is what his and MicroStrategy CEO Michael Saylor tweets show. Elon Musk tweeted on Monday (24) that he spoke with North American Bitcoin miners, and it seems that they
Environmental concerns prompted Elon Musk to back down on Tesla’s acceptance of Bitcoin. However, a recent report revealed that Bitcoin (BTC) consumes less energy than traditional financial industries. The document was prepared by the consulting firm Galaxy Digital, which supports Bitcoin. In it, the company
According to Cambridge University, global Bitcoin mining operations already consume more energy than the whole Argentina. Mining is the process of creating cryptocurrency. The method is energetically demanding, since it is done using computer components that consume a lot of electricity, as is the case
Brad Garlinghouse, Ripple CEO, said in a recent interview with Bloomberg that each Bitcoin (BTC) transaction consumes energy equivalent to 75 gallons of gasoline. During the conversation with the publication, the businessman attacked the environmental aspect of cryptocurrency mining. “As the price of Bitcoin goes
Abkhazia, an autonomous republic in the Black Sea region that was once part of the Soviet Union, is on the tail of cryptocurrency miners, according to a Reuters report published earlier this month. The reason is that the government of the small country blames them
Elon Musk, the CEO of Tesla and SpaceX said on Joe Rogan poadcast that was released on Thursday that he pitched Joe Biden administration to create a carbon tax to try to boost and encourage a faster shift to renewable energy, but he was told