There is a rapidly expanding issue of power theft in Malaysia for bitcoin mining. On the other hand, National utility has a few suggestions on how to rein in the trend. Special tariff is a method to combat the illegal use of power that Tenaga Nasional’s chief executive indicated was
Over the last two weeks, the average block duration exceeded the 10-minute objective. The 300 Eh/s hash rate might be achieved in 2022. The Bitcoin (BTC) mining difficulty adjustment has lowered for the first time since November 2021, correcting 1.49 percent of the difficulty change. After six straight increases in
Russian BTC miners contributed roughly 11.2% of the worldwide BTC hash rate. SWIFT and crypto transactions will not be affected by the new limits. According to experts, Russia may use cryptocurrencies to avoid the sanctions imposed by the United States as part of its ongoing conflict with Ukraine. Today morning,
Thousands of citizens took to the streets in early 2022 to protest rising power bills. Kazakhstan promised to tighten down on unregistered cryptocurrency miners. Thirteen unlawful digital asset mining farms were uncovered and shut down by Kazakhstan’s Ministry of Energy. All of them were using over 200 megawatts of power
The Dubai World Trade Centre (DWTC) was proclaimed a comprehensive zone. Binance signed an exclusive memorandum of understanding with the DWTC. Government crypto licenses for virtual asset service providers are likely to be issued in the United Arab Emirates by the end of the first quarter. Reports from Bloomberg indicate
Free energy is available in certain regions of Georgia’s Svaneti mountains. This year’s consumption was 237% more than in previous years. For the sake of averting electricity shortages in Georgia, residents of Svaneti have been ordered to swear a holy oath not to mine crypto. Macrotrends show that from 2000
On January 2nd, the internet in Kazakhstan was shut down. Recent crackdown barred all crypto transactions and mining inside China. It’s been a year of record highs and profits for cryptocurrencies, but the market is in a state of intense panic now. Several significant events have occurred recently that needs
The firms planning to go public face a drop in cryptocurrency values. The decline in cryptocurrency prices might impact firms like Core Scientific. Bitcoin’s recent dip in value and the wider crypto market are expected to have a negative impact on crypto miners who are scheduled to go public shortly.
Blockchain technology from VeChain enables sustainability-focused targets. Each transaction on VeChainThor used around 0.000216KWh. Bitcoin’s stunning environmental effect has gotten a lot of attention recently. Although attempts are being made to lessen the cryptocurrency’s carbon footprint, some investors opt to leave the cryptocurrency in favor of greener alternatives. Significant technological
In order to verify transactions, Bitcoin uses a proof-of-work (PoW) architecture. Block is building a hardware and software team of engineers and designers. As the newly renamed company tries to grow outside its payment industry and into new technologies like blockchain, Block Inc CEO Jack Dorsey said in a tweet
