electricity

Bitcoin Mining Consumes Huge Electricity Amid Price Volatility

Bitcoin Mining Consumes Huge Electricity Amid Price Volatility

Bitcoin mining provides security by validating transactions and adding new blocks to the Bitcoin blockchain. The transition requires vastly more electricity to operate the charging stations and manufacture the cars. The Cambridge Bitcoin Electricity Consumption Index estimates that Bitcoin mining consumes approximately 184.4 terawatt-hours of electricity annually, surpassing the energy...

Bradford Bitcoin Mine Discovery Exposes Illegal Electricity Diversion

Bradford Bitcoin Mine Discovery Exposes Illegal Electricity Diversion

Authorities in Bradford, the U.K. City of Culture 2025, uncovered an illegal Bitcoin mining operation on Holme Lane. On May 21, 2025, federal investigators discovered a warehouse secretly rerouting electricity to power hundreds of specialized computers used to mine cryptocurrencies. This operation has been referred to as a “Bitcoin factory.”...

Bitcoin Mining's Hidden Cost Why Your Energy Bill is Spiking

Bitcoin Mining's Hidden Cost Why Your Energy Bill is Spiking

Have you been feeling the pinch of your electricity bill slowly rising over time? You're not alone. While inflation gets blamed for everything these days, there's a less obvious, more insidious culprit at play: Bitcoin mining. Yes, that Bitcoin. Your money is quietly being taken by the digital gold rush...