Cryptocurrency Payments for Electricity Bills: Looking Ahead

This week, the energy arm of ConsenSys spinoff Grid+ angled toward cryptocurrency payments for electricity in two of Texas’s largest electric delivery service areas. Zooming out, the modest step forward forebodes a future where second-layer blockchain scaling solutions and smart contracts may drive real-time payment settlements in energy markets and beyond.  […]

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New Infrared Heating System Promises to Radically Cut Electricity Costs and Reduce Emissions Worldwide

Saiterm vows to revolutionise the global heating market with their eco-friendly infrared “Spring” technology. Homeowners will soon be able to cut their electricity bills using breakthrough infrared heating technology from Saiterm. Based in Amsterdam, the tech company design heating products with the long-term goal of reducing domestic energy consumption and carbon emissions. […]

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Crypto Mining Could Bring Russia $1B in Taxes, Report Suggests

Using its excess energy generating capacity to mine cryptocurrencies, Russia can increase its budget receipts by more than $1 billion dollars in annual tax revenue. The estimate comes from a report that also calls for the establishment of a Russian crypto valley.   Also read: Defying Crypto Winter, Swiss Crypto […]

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Public Gets Chance to Earn Block Rewards by Donating Computing Power to Scientific Research

A startup has unveiled bold plans to tackle the excessive levels of energy consumption seen in cryptocurrency mining, all while giving everyday computer users more of a chance to receive block rewards. Resistance argues that proof-of-work mining “has been hijacked by huge mining farms using tons of energy to take […]

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Grant County in Washington State Puts Price Flex on Crypto Miners

The Grant County Public Utility District (PUD) has decided to increase the energy costs associated with crypto mining operations in the area. In recent months, the county has attracted a large number of cryptocurrency miners due to the area’s previously low electricity prices and equally low industrial land costs.  Also […]

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Regulations Round-Up: Holland Targets Electricity Theft, Republican Wants More Oversight

In recent regulatory news, Dutch police have reported an increase in electricity fraud associated with crypto mining, a Michigan Republican member of the House Financial Services Committee has urged Congress to make the development of clear guidelines overseeing the cryptocurrency industry a top priority, and digital currency advocacy group, Chamber […]

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The Cost of Success: Bitcoin Mining Consumes More Electricity than 159 Countries

2017 has been an explosive year for cryptocurrency. It’s striding towards widespread adoption as new money is entering the market with each passing day, and even though Bitcoin’s market dominance has shrunk to 53.4% of crypto’s overall market cap, people are still flocking to crypto’s king. On 11/29/17, for instance, […]

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The Cost of Success: Bitcoin Mining Consumes More Electricity than 159 Countries

2017 has been an explosive year for cryptocurrency. It’s striding towards widespread adoption as new money is entering the market with each passing day, and even though Bitcoin’s market dominance has shrunk to 53.4% of crypto’s overall market cap, people are still flocking to crypto’s king. On 11/29/17, for instance, […]

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