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Russian Crypto Miners Brace for Sanctions Fallout Amid Ukraine Conflict

The ruble’s fall has made mining more profitable in Russia for now, but parts and shipping costs are set to rise.

A BitCluster crypto mining site in Khanty-Mansiysk, Russia. (Image Credit: BitCluster)

Policy

Electricity Consumption in Siberian Region Rises Fourfold Due to Crypto Mining

The Russian government is working on new crypto mining regulation.

Lake Baikal in Siberia's Irkutsk Oblast. (Image credit: Ekaterina Sazonova)

Policy

Belarus Introduces Special Electricity Tariff for Miners

Crypto miners are now being classified in the same category as data centers.

Belarus capital Minsk

Policy

Russian Energy Minister Says Miners Should Pay More for Electricity

Using energy at retail rates for crypto miners is unacceptable, Nikolay Shulginov said.

Mining machines (GreenBelka/Shutterstock)

Finance

Bitcoin Mining Power Consumption Exceeds 2020: Report

Miners are on track to use 91 TWh this year.

Crypto mining machines

Markets

Bitcoiners' Approach to the Climate Change Fight Isn't Working – This Might

Crypto will cede the climate debate to others until it starts a new conversation.

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Policy

Iran Cracks Down on Crypto Miners Using Household Electricity: Report

The measure comes as Iran suffers a shortage of hydropower in unusually dry conditions.

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Finance

Bitcoin Miner Marathon Eyes Profitability Boost Through Joint Venture with US Power Provider

The joint venture will see Marathon co-locate a bitcoin mining facility within Beowulf's Big Horn Data Hub at its 105-megawatt power station in Hardin, Montana.

electricity pylons

Finance

IBM Teams With 3 European Power Grids to Build Green Energy Blockchain Platform

IBM has created a new blockchain consortium with power grid operators TenneT, Swissgrid and Terna to help facilitate the transition to renewable energy.

EV BOOST: Tesla owners in the Netherlands could soon use an IBM-built blockchain to monitor their power usage. (Credit: Shutterstock)

Markets

For Crypto Miners, Bitcoin's Halving Could Mean a Doubling in Costs

To the operators of high-speed computers used to mine for bitcoin, the halving looks more like a doubling — of costs.

(Artem Oleshko/Shutterstock)

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