Cryptocurrency Market

Cryptocurrency Market

Menu
  • Market Cap: $2,416,006,022,487.09
  • 24h Vol: $58,938,025,365.36
  • BTC Dominance: 56.54%

Electricity

imf-economists-suggest-electricity-tax-to-lower-crypto-and-ai-environmental-impact

IMF Economists Suggest Electricity Tax to Lower Crypto and AI Environmental Impact

Leave a Comment / ai, Bitcoin, Carbon, Crypto, Crypto Hacked, Cryptocurrency, Data Centers, Electricity, emissions, Ethereum, Featured, IMF, pollution, revenue, Tax / / / , , , , , , , , , , ,

International Monetary Fund (IMF) economists have warned of the environmental impact of crypto mining and AI data centers, which are projected to increase global electricity consumption to 3.5% by 2027, leading to higher carbon emissions. Proposing a targeted electricity tax, the authors estimate a potential reduction in emissions by 100 million tons annually, while generating […]

IMF Economists Suggest Electricity Tax to Lower Crypto and AI Environmental Impact Read More »

airbnb-host-imposes-no-mining-rule-after-guests-rent-her-property-to-mine-crypto

Airbnb Host Imposes No Mining Rule After Guests Rent Her Property to Mine Crypto

Leave a Comment / airbnb, Bitcoin, Crypto, Crypto Hacked, crypto mining, Cryptocurrency, Electricity, Ethereum, Mining, News Bytes, News Bytes - 2, tiktok, vehicle / / / , , , , , , , , ,

An Airbnb host, Ashley, shared her experience on Tiktok about guests who accumulated a $1,500 electricity bill by setting up an electric vehicle station and mining cryptocurrency during their three-week stay. Despite leaving the property in excellent condition, the guests’ excessive energy use, captured on external security cameras showing them bringing in 10 computers, prompted

Airbnb Host Imposes No Mining Rule After Guests Rent Her Property to Mine Crypto Read More »

environmental-impact-of-ai-models-takes-center-stage-amid-criticism-against-bitcoin-mining

Environmental Impact of AI Models Takes Center Stage Amid Criticism Against Bitcoin Mining

Leave a Comment / afp, ai, AI usage, Bitcoin, carbon footprint, carbon neutrality, carbon offsetting, Censorship Resistance, climate change, Consensus, contrarian viewpoint, cooling systems, Crypto Hacked, Cryptocurrency, Data Centers, deep learning, Economic Freedom, Electricity, Energy Consumption, environmental impact, Ethereum, Featured, fossil fuels, Gatestone Institute, gpt-3, greenhouse gas emissions, Innovation, Legislation, Machine Learning, methane emissions, Microsoft, natural language processing, numenta.com, Renewable Energy, rice farming, social contracts, sustainability, Technology, techtarget.com, University of Colorado Riverside, University of Texas Arlington, water usage / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

While bitcoin’s effect on the environment has been discussed at length over the last two years, the latest trend of artificial intelligence (AI) software is now being criticized for its carbon footprint. According to several headlines and academic papers this year, AI consumes significant electricity and leverages copious amounts of water to cool data centers.

Environmental Impact of AI Models Takes Center Stage Amid Criticism Against Bitcoin Mining Read More »

police-in-kosovo-seize-crypto-mining-rigs-from-serbs

Police in Kosovo Seize Crypto Mining Rigs From Serbs

Leave a Comment / bills, Bitcoin, confiscation, conflict, Crackdown, Crypto, Crypto Hacked, crypto miners, crypto mining, Cryptocurrencies, Cryptocurrency, Electricity, Energy, Ethereum, kosovo, Law Enforcement, Mining, Mining Devices, mining machines, operation, Police, raids, Seizure, Serb, Serbia, Serbian, Tensions / / / , , , , , , , , , , , , , , , , , , , , , , ,

Kosovo police have seized dozens of crypto mining devices from residents of a majority Serb region in the north of the country. Authorities in Pristina and Belgrade exchanged accusations over the move, which has the potential to raise tensions in the ethnically divided, partially recognized Balkan state. Kosovo Government Cracks Down on Crypto Mining in

Police in Kosovo Seize Crypto Mining Rigs From Serbs Read More »

russia-takes-second-place-rank-by-power-capacity-in-crypto-mining,-reports

Russia Takes Second Place Rank by Power Capacity in Crypto Mining, Reports

Leave a Comment / Bitcoin, Bitriver, capacity, China, Crypto, Crypto Hacked, crypto miners, crypto mining, Cryptocurrencies, Cryptocurrency, Electricity, electricity consumption, Energy, Ethereum, Kazakhstan, Miners, Mining, Mining Industry, mining sector, power, power capacity, Regulation, Regulations, Russia, russian, U.S., US / / / , , , , , , , , , , , , , , , , , , , , , , ,

Russia is now ranking second in terms of energy capacities engaged in the extraction of cryptocurrencies, new data suggests. Despite persisting regulatory uncertainty and the negative effects of sanctions, the amount of power devoted to the sector has been growing, reaching record highs this year. 1 GW of Electrical Power Involved in Crypto Mining in

Russia Takes Second Place Rank by Power Capacity in Crypto Mining, Reports Read More »

biden-budget-proposal-targets-crypto-investors-using-like-kind-exchange-provision;-plan-aims-to-tax-crypto-miners-30%

Biden Budget Proposal Targets Crypto Investors Using Like-Kind Exchange Provision; Plan Aims to Tax Crypto Miners 30%

Leave a Comment / 1031 exchange rule, Biden, Biden provision, Bitcoin, bitcoin tax, BTC tax, budget, computational capacity, corporate tax, Crypto Hacked, Crypto investors, Crypto tax, Cryptocurrencies, Cryptocurrency, deficit, Digital Assets, Digital Currencies, Diversification, Economy, Electricity, Ethereum, excise tax, fossil fuel, Internal Revenue Code, IRS, Joe Biden, like-kind exchange, Liquidity, middle-out, Military Spending, Mining, News, phased tax, presidential race, rates, Real estate, Tax, tax bitcoin, tax BTC, tax crypto, tax deferral, tax incentives, tax loopholes, tax planning, taxable gains, U.S. president, ultra-wealthy, wealthy Americans, White house / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

On Thursday, the Biden administration released the U.S. president’s 182-page budget proposal for the fiscal year 2024, which aims to “grow the economy from the bottom up and middle out.” The budget includes an $835 billion increase in military spending, but the administration claims it will reduce the deficit by $3 trillion over the next

Biden Budget Proposal Targets Crypto Investors Using Like-Kind Exchange Provision; Plan Aims to Tax Crypto Miners 30% Read More »

daily-raids-on-crypto-farms-as-abkhazia-intensifies-mining-crackdown

Daily Raids on Crypto Farms as Abkhazia Intensifies Mining Crackdown

Leave a Comment / Abkhazia, ban, Bitcoin, Crackdown, Crypto, crypto farms, Crypto Hacked, crypto miners, crypto mining, Cryptocurrencies, Cryptocurrency, deficit, Devices, Electricity, equipment, Ethereum, Georgia, Hardware, imports, Miners, Mining, mining farms, power, shortages / / / , , , , , , , , , , , , , , , , , , , ,

Authorities in Abkhazia are stepping up efforts to clamp down on cryptocurrency mining amid electricity shortages in the winter months. The government of the breakaway Georgian region announced it’s also taking measures to prevent imports of mining equipment. Abkhazia Creates Headquarters to Combat Illegal Crypto Mining Operations Police in Abkhazia are conducting daily raids to

Daily Raids on Crypto Farms as Abkhazia Intensifies Mining Crackdown Read More »

ban-on-crypto-mining-in-residential-areas-proposed-in-russia

Ban on Crypto Mining in Residential Areas Proposed in Russia

Leave a Comment / amateur miners, ban, Bitcoin, breakdowns, consumption, Crypto, crypto farms, Crypto Hacked, crypto mining, Cryptocurrencies, Cryptocurrency, Electricity, Ethereum, fires, grid, home mining, Load, Mining, mining installations, proposal, Regulation, Russia, russian / / / , , , , , , , , , , , , , , , , , , ,

Advisors to the Kremlin have suggested that home crypto mining should be banned in Russia, or in some of its regions. The stated motive for the proposal is to prevent fires in residential buildings. Amateur miners have been blamed for high loads on the grid causing breakdowns and blackouts. Energy Experts Want to Prohibit Mining

Ban on Crypto Mining in Residential Areas Proposed in Russia Read More »

amid-high-energy-demand-from-miners,-russia-mulls-building-new-power-plants-in-siberia

Amid High Energy Demand From Miners, Russia Mulls Building New Power Plants in Siberia

Leave a Comment / Bitcoin, consumption, Crypto, Crypto Hacked, crypto miners, crypto mining, Cryptocurrencies, Cryptocurrency, Demand, Electricity, Energy, energy minister, energy ministry, Ethereum, generating capacities, grid, Miners, Mining, networks, power, power plants, Russia, russian / / / , , , , , , , , , , , , , , , , , , ,

Growing electricity consumption in the crypto mining sector may require the construction of new power generation facilities in Siberia, the energy minister of Russia has acknowledged. Demand continues to increase in residential areas as well, after regional authorities abandoned a proposal to introduce higher tariffs for Russians minting digital coins at their homes. Authorities in

Amid High Energy Demand From Miners, Russia Mulls Building New Power Plants in Siberia Read More »