The discussion around Bitcoin’s energy consumption has been one of the most consistent dog whistles used to rally strong opposition to cryptocurrency. This is one of the most serious criticisms against Bitcoin, echoed by many environmentalists. They even go so far as to liken it to the energy consumption of...
Paraguay, a landlocked country in the middle of South America, is quickly becoming an unlikely hub for Bitcoin mining. The transformation has the potential to leverage its unique energy landscape. In the meantime, a stormy political atmosphere is luring in firms such as Hive Digital Technologies. With its abundant hydroelectric...
Kuwait just recently adopted a hard-line stance against cryptocurrency mining. Thanks to their ban, energy use has plummeted across the board. This decision is a result of increasing concern about the stress on the national electric grid and risk of blackouts. In doing so, the agreement represents a watershed moment...
Kuwait’s Al-Wafrah region experienced a record 55 percent reduction in energy use. This steep fall came after a government-led campaign to shut down any and all illegal crypto mining facilities. This week, authorities raided the government’s estimated 100 homes housing illegal Bitcoin mining rigs. The findings, recently released in a...
We all love innovation, right? The allure of decentralized finance, innovative technology, and perhaps a pinch of that cryptocurrency gold rush excitement. What if that gold rush is doing it while creating a path of pollution, noise and economic burden behind it? Could the future of finance be emerging from...
Upstate New York is currently experiencing an escalating battle between cryptocurrency mining facilities that have settled in the region and vulnerable communities fighting for their environment and public health. Now companies like Greenidge Generation continue to rush into the region to exploit their dirt cheap electricity. They are facing withering...
You’re excited because you realize that New York has turned the corner, is moving full steam ahead to a cleaner, greener tomorrow. Think again. Beneath the surface of solar panels and wind farms, a dirty secret is quietly sabotaging our efforts: Bitcoin mining. And it’s happening right in our own...
Texas, the state known for its wide-open spaces and low-cost energy intended to lure factories and data centers, not data miners, has become a crypto mining mecca. Whether it’s attracting AI companies or some other tech hub of the future, state leaders like Gov. But behind the promises of innovation...
Here’s the hard truth Pennsylvania, we really have to have an honest conversation about crypto mining. Not the future-of-finance hype, but the down-and-dirty, ground-zero reality unfolding in our own back-yards. In particular, the puzzling and disappointing recent trend of pairing crypto mining with abandoned and soon-to-be-abandoned natural gas wells. It...
Vilonia officials have spiked a proposed crypto mine for the second time this calendar year. Yet they are dead set against encroaching on the small town’s peaceful charm. The decision comes after strong advocacy from residents over noise, electricity consumption and possible stress on the community’s internet infrastructure.Vilonia, a community...
