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Energy Consumption

Zhejiang province hikes energy costs for miners as China doubles down on sector
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2 March, 2022

Zhejiang province hikes energy costs for miners as China doubles down on sector

Despite a countrywide ban on block reward mining, Zhejiang has become the latest province to implement an electricity hike for...
Kazakhstan wants to raise tax on block reward miners by 500%
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15 February, 2022

Kazakhstan wants to raise tax on block reward miners by 500%

The proposal by the Minister of Finance will also see miners pay a monthly tax on their mining rigs, whether...
The future economics of block reward mining
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14 February, 2022

The future economics of block reward mining

If producing a block consumes the same amount of energy across all chains, then the most energy-efficient chain is the...
ESMA vice chair seeks proof of work mining ban for European Union
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4 February, 2022

ESMA vice chair seeks proof of work mining ban for European Union

The top executive suggests a proof of work (PoW) mining ban as well as a switch to proof of stake...
Georgia makes residents pledge holy oath vs digital currency mining
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25 January, 2022

Georgia makes residents pledge holy oath vs digital currency mining

As China leads a number of countries in legal measures against block reward mining, Georgia is turning to a different...
US House Energy and Commerce Oversight Committee tackles ‘The Energy Impacts of Blockchains’
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24 January, 2022

US House Energy and Commerce Oversight Committee tackles ‘The Energy Impacts of Blockchains’

Legislators concerned about the amount of energy that some blockchain networks consume recently held invited six witnesses for insights on...
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