News list for " Electricity"
The Pakistani government is exploring ways to attract bitcoin mining operators to consume excess electricity and reduce the financial burden on the power sector. The country's energy ministry has consulted with relevant parties to design special electricity tariffs for emerging industries such as cryptocurrency mining.
According to the Wall Street Journal, Ontario, Canada will impose a 25% export tax on electricity exported to the United States.
On February 18, according to Itar-Tass News Agency, in 2024, the Russian power company "Rosseti" will lose more than 1.30 billion rubles due to "black miners" illegally connecting to the grid and not metering electricity. Among them, "Rosseti North Caucasus" company lost the most, more than 600 million rubles; "Rosseti Novosibirsk" company lost 400 million rubles; "Ross...
Due to the cold wave in the United States, the increase in electricity prices has led to the first reduction in the difficulty of bitcoin mining since the end of September 2024. According to the statistics of bitcoin mining company Luxor, the United States accounts for 36% of the global bitcoin hashrate, of which Texas contributes nearly half. The polar cold snap in January caused the cost of electricity in the United States to rise, and mining companies' profits were frustrated. Mining difficul...
According to Tim Alper, Siberian electricity company Irkutsk Energosbyt plans to file a lawsuit against about 400 illegal cryptocurrency miners who are accused of "stealing" $6.30 million worth of electricity from the grid. The company said the miners were illegally using electricity for crypto mining, particularly by installing energy-intensive mining equipment on garages, private homes, apartment balconies and garden plots, resulting in increased load on the household power grid and possible a...
National Bureau of Statistics: on-scale industrial power production grew steadily. In October, on-scale industrial power generation 731 billion kWh, an increase of 2.1%; on-scale industrial daily power generation 23.58 billion kWh. From January to October, on-scale industrial power generation 7.8027 trillion kWh, an increase of 5.2%.
October 19th news, October 19th, the National Energy Administration released data on the electricity consumption of the whole society in September. In September, the electricity consumption of the whole society 847.50 billion kWh, an increase of 8.5% year-on-year. From the perspective of electricity consumption by industry, the electricity consumption of the primary industry 12.10 billion kWh, an increase of 6.4% year-on-year; the electricity consumption of the secondary industry 537.90 billion ...
Ethiopia has increased its power allocation to bitcoin mining to 600 trillion watts, making it one of the fastest growing bitcoin mining markets in the world. According to Ethan Vera, co-founder and CEO of bitcoin mining firm Luxor, the African country plans to add several hundred megawatts of power by the end of this year. Earlier this year, Ethiopia signed power supply agreements with 21 mining companies, mainly from China, demonstrating its success.
According to sources, Venezuela's largest oil refinery has been paralyzed by a power failure since September 12.
On August 25th, the general offices of the Ministry of Commerce and other four departments recently issued a notice on further doing a good job in the trade-in of home appliances. It is mentioned that all localities should coordinate the use of central and local funds to give trade-in subsidies to 8 types of home appliances for individual consumers to purchase refrigerators, washing machines, televisions, air conditioners, computers, water heaters, household stoves, and range hoods with energy e...
Paraguay's National Electricity Authority (ANDE) recently discovered and seized an illegal bitcoin mining operation with 693 miners. ANDE inspectors discovered a tampered meter that failed to record all the electricity consumed by devices connected to the grid. The detection was carried out using the SCADA system.
According to the official website data, Satoshi wallet lightning payment volume exceeded 18 million.
On July 19, Paraguay's national grid operator, the National Electricity Authority (ANDE), announced at a press conference that it will continue to raise electricity prices for legal crypto miners as planned. However, Paraguay's crypto miners have urged the country's regulators to reconsider the upcoming increase, arguing that it will hurt the country's economy and could cause losses of up to $1.50 billion.
On July 21, the "Decision" pointed out that it is necessary to improve the price mechanism of factors mainly determined by the relationship between market supply and demand, and prevent the government from improper intervention in the formation of prices. Improve the mechanism in which factors of production such as labor, capital, land, knowledge, technology, management, and data are evaluated and contributed by the market, and the reward is determined according to the contribution. Promote pric...
Russian President Vladimir Putin has said that cryptocurrency mining accounts for 1.6% of Russia's electricity consumption.
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