Tag: Energy consumption
Greenidge Bitcoin Mining Legal Victory in New York: Keeping Operations Running
Bitcoin mining company Greenidge Generation has emerged victorious in a legal battle against the New York State Department of Environmental Conservation (DEC), allowing it to continue its operations in the state. The court ruling,...
Surveying Crypto Miners: EIA’s Potential Plan before Year End
The Energy Information Administration (EIA) is considering surveying crypto mining companies again before the end of the year. In a recent webinar on July 10, the agency discussed the possibility of restarting the survey...
Texas Power Grid Requires Larger Increase to Handle AI and Bitcoin Mining Demands
Texas is facing a growing demand for energy due to the increasing needs of bitcoin mining and artificial intelligence data centers. The CEO of the Electric Reliability Council of Texas (ERCOT) stated that the...
Biden’s Proposed 30% Tax Threatens U.S. Bitcoin Mining
The recent proposal by the Biden administration to impose a 30% tax on cryptocurrency miners has sparked concerns and backlash within the industry. Many believe that this move represents an ideological attack on a...
Bitcoin Mining Stabilizes Power Grids Strained by AI Data CentersBitcoin Mining Balances Power Grids...
Microsoft is constructing large AI data centers in Arizona and Wisconsin to support this innovative technology. However, these data centers are heavy energy consumers and strain power grids, with AI projected to consume 40...
