Proof-of-stake is proof of misunderstanding
If proof-of-work distributes objective consensus to miners outside of the network, proof-of-stake consolidates power to a subjective, in-network minority.
Latest energy consumption News
Triall collaborates with Mayo Clinic for blockchain clinical data project
Triall's latest announcement highlights how useful blockchain technology can be in processing and timestamping immutable data records to benefit areas like public health.
Paraguay President Mario Abdo Benitez rejects block reward mining bill
The president has vetoed the bill, which sought to recognize mining and treat it like an industrial activity with its power tariff 15% above the household tariff.
Is the US Congress pro proof-of-work?
The United States Committee on Energy and Commerce recently sent letters to four digital currency miners aiming to look for more information on PoW mining and its impact on the environment.
CoinGeek Weekly Livestream: Bryan Daugherty on providing solutions for cybersecurity and fraud
BSV Blockchain’s Public Policy Director Bryan Daugherty sees potential harm in the growth of scalable blockchain enterprises due to policymakers acting hastily in creating bills and amendments to address it.
Swedish Energy Minister: We need energy for more useful things than block reward mining
The minister believes that as power becomes scarcer in Sweden, the country may have to make difficult choices, and BTC miners could be among the casualties.
US block reward miners may face reporting requirements to EPA, DOE soon
Six U.S. lawmakers have written a letter to the EPA and the DOE arguing that U.S.-based mining operations should be required to report their emissions and energy use.
Paraguay senators pass digital assets and block reward mining bill
The regulation introduces guidelines for the mining, commercialization, intermediation, exchange, custody, and administration of digital assets or instruments that allow control over digital assets.
Texas BTC miners shut down operations due to record-breaking heat wave
The heat wave in Texas is setting new records, leading to a spike in electricity demand by the residents, and BTC miners have to take a back seat.
Uzbekistan publishes guidelines for registering block reward mining businesses
The guidelines set out definitions of digital currency terms, it also spelled out requirements and conditions for obtaining a mining permit and how the NAPP reached its decision to grant it.
Swiss miner White Rock launches Texas operation in first US venture
White Rock says that the new facility will rely on by-product natural gas from active oil wells located onsite, recycling 82m cubic feet of gas per megawatt.
Iran to cut power supply of legal block reward miners starting July
All the 118 registered block reward mining complexes in the country are to suspend their connection to the grid, according to Iran Ministry of Energy spokesperson Mostafa Rajabi Mashhadi.