According to data from the Cambridge Bitcoin Electricity Consumption Index (cbeci), the electricity consumption of the cryptocurrency plummeted 60 % from the all-time high reached above 143 terawatt-hours (twh).
No such low numbers were observed in terms of electricity consumption for the digital…
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electricity consumption
Kazakhstan to apply new tax to crypto miners in 2022
Kazakhstan's President Kassym-Jomart Tokayev, recently signed a regulatory framework for cryptocurrency miners, which will impose an additional tax for the use of electricity.
According to the new law, these new rates would take effect…
Iran restricts cryptocurrency mining
Iran announced that it will restrict bitcoin mining until September, due to the high electricity consumption that this can generate in the coming months.
According to the president of the nation, Hassan Rouhani, this activity will be…
Bitcoin mining shows electricity consumption efficiency
During this year the high rate of efficiency in energy consumption has been reflected in the wide increase presented by the unit of measurement of the bitcoin "hash rate" network processing power below 70 terawatts per hour, lower to what…
Russian church must pay for cryptocurrency mining
The Russian authorities have followed the evangelical church Grace for suspicions of mining cryptocurrencies. Regulatory officials followed the recent electricity bills of the religious organization due to the considerable increase in the…
New York approves electricity tariffs for crypto miners
People who are engaged in digital currency mining know that the consumption of electricity by such activity is high. In this regard, the municipal authorities of New York have just approved a specific rate scheme.
John Rhodes, head of the…