New York State Assembly passes ban on new BTC mines that don’t use green power

The New York State Assembly passed a bill late on Tuesday April 26 that would place a two-year ban on all new proof-of-work (PoW) cryptocurrency mining facilities in the state that use a carbon based fuel to power their operations. The bill sponsored by Anna Kelles would not only impose a two-year hold on approval […]

Increased adoption of Metaverse NFTs will power the next NFT growth cycle

Metaverses and blue-chip nonfungible tokens (NFTs) are the driving forces behind the dramatic growth in the NFT market. Projects like the Bored Apes, Crypto Punks, Azuki, Clone X and Doodles collections have steadily attracted collectors’ interest in the past year. As a result, these NFT projects have helped the NFT market achieve a growth rate […]

Bitcoin To Power The Future, Block, Tesla, And Blockstream Will Build Mine

Per a press release, Blockstream and Block will build a Bitcoin mining facility powered 100% by renewable energy. The BTC mining operation will use Tesla Solar panels that will provide 3.8 Megawatt (MW) and the Tesla Megapack batteries that will provide 12 Megawatt/hours (MWh) of power. Related Reading | Anti-Bitcoin ‘Shark Tank’ Investor Kevin O’Leary […]

Tesla, Blockstream, and Block to Mine Bitcoin Using Solar Power in Texas

Real-time operational and financial information about the mine, including its energy consumption and hashrate, will be publicly available in a dashboard, Back said. The data is intended to inform the public debate around off-grid mining and whether it can fund the expansion of solar power. “When people publish just analyst reports, and articles, and blog […]

How smart contracts are shifting the crypto sector’s balance of power

One of the familiar themes seen in previous crypto market cycles is the shifting market caps, popularity and ranking of the top 10 projects that see significant gains during bull phases, only to fade into obscurity during the bear markets. For many of these projects, they follow a recognizable boom-to-bust cycle and never return to […]

Former Soviet Republic Is Primed For Crypto Mining, Despite Its Burgeoning Power Deficit

Georgia’s crypto mining economy has evolved into a global leader in recent years, largely because of low taxes and affordable electricity rates, as well as a libertarian regulatory environment. Despite its small population, Georgia contributes nearly 1% of the industry’s total hash rate, according to a study by Arcane Research. Although Georgia is a non-entity […]

Bitmain Co-Founder Offers Share Buyback at $4B Valuation to End Power Struggle

Zhan Ketuan, the formerly-ousted Bitmain co-founder who returned to power earlier this month, is proposing a solution to end the firm’s internal war. In a letter Sunday, Zhan, who as Bitmain’s biggest shareholder owns 36% of its stock, offered to buy back shares possessed by his rival co-founder Wu Jihan, several founding members and some […]

Power Ledger’s Blockchain P2P Energy Trial ‘Technically Feasible,’ It Says in New Report

A solar energy trading trial run by blockchain startup Power Ledger has found the initiative to be “technically feasible” for real world use. The trial, which was partly funded by the Australia government, surveyed 48 households in Fremantle, Western Australia and found blockchain energy peer-to-peer energy (P2P) trading delivered lower costs “desired by consumers.” “Power […]

Tokyo Power Company to Use Blockchain for Trading Electricity Surplus

Tokyo Electric Power Company Holdings Inc (Tepco) partnered with Itochu Corporation, a Japanese major trading company, and started building a blockchain-based system to trade extra electricity.  According to Nikkei on June 18, the new system will be available to households in Japan within three years. The firms plan to collaborate with local governments and start […]

Bitmain’s Power Struggle Takes Toll on Customers as Co-Founder Halts Shipments

Its employees have been forced to choose sides but now Bitmain’s customers are also in the middle of the escalating power struggle at the world’s largest bitcoin miner manufacturer. Chinese crypto media BlockBeats reported on Wednesday that since his return in early June, once-exiled co-founder Micree Zhan has halted a Shenzhen subsidiary of the Beijing-based […]