China’s rains fail to bring relief some block reward miners had hoped
Teams solely interested in garnering a share of the reward subsidy are finding high profits more elusive due to the increasingly thinner profit margins.
The Latest electricity News
SA fintech enables electricity, airtime and data purchases using BitcoinSV
Centbee launched a new feature in its BitcoinSV wallet today that allows you to purchase prepaid electricity, airtime and data.
‘Black’ reward miners steal $6.6M in power from Russia’s energy providers
Illegal block reward mining operations in Russia have reportedly stolen more than $6.6 million worth of electricity from energy producers.
Courts agree with power company over transaction processors’ rate hike
A lawsuit to stop a utility company in Washington State from charging miners more for electricity falls flat.
More crypto miners seized in China as police continue crackdown
Police in the city of Tangshan, Hebei, seized 6,890 cryptocurrency mining machines illegally consuming electricity.
Armenian IT firm accused of illegally using electricity to mine crypto
The company, which allegedly installed crypto mining equipment in one of Armenia’s hydropower plants without permits, was reported to have used over 1.5 million kWh, worth $150,000.
Quebec guarantees more power, stable costs for crypto miners
In a win-win deal, Quebec will now offer guaranteed power and rates to crypto miners, so long as they have a business plan that benefits the province.
Blockchain-powered fridge allows users to ‘control’ power consumption
More than preserving food items, the refrigerator allows user to control and influence their electricity consumption via an app on their smartphones or tablets.
Fujitsu applies blockchain for electricity exchange
Japanese tech giant Fujitsu has announced a new blockchain-based system for electricity exchange, with a model capable of improving efficiency by up to 40% on existing systems.
Abkhazia energy companies call for regulations
A state-run energy company in Abkhazia is calling for the proper regulation of crypto mining in the country as the winter draws near.
Kansai Electric leads study on blockchain use in distributed electric supply
Four major companies in Japan, led by Kansai Electric Power Co. (Kepco), are coming together to conduct a research on how to harness the power of blockchain technology for distributed electricity supply.
More Washington electric companies putting brakes on crypto mining firms
Franklin County has approved moratorium to allowing them to stop reviewing any applications from cryptocurrency mining firms while they assess the potential long-term repercussions.