In Tehran, Iran, residents faced rolling blackouts during October and November, raising concerns about unauthorized cryptocurrency mining intensifying the power crisis. Many believe miners are exploiting subsidized electricity intended for low-income areas to power their operations. This surge in mining coincided with a rise in cryptocurrency value, prompting government officials to highlight the problem of ...
As the value of Bitcoin skyrockets, the environmental impacts of its mining process come under scrutiny. Bitcoin mining consumes a staggering amount of electricity—155-172 terawatt-hours each year—producing around 96 million tonnes of carbon dioxide annually. The shift of mining operations from China to countries like Kazakhstan and the U.S. has decreased the share of renewable ...
Roula Khalaf, the Editor of the Financial Times, shares her favorite stories in a weekly newsletter, highlighting significant issues like the environmental impact of bitcoin mining. This year, bitcoin mining has consumed an enormous amount of energy, equivalent to Sweden’s annual usage. Despite the high cost and environmental concerns, Mara Holdings has found a sustainable ...
The recent 2024 presidential election brought uncertainty to the U.S., but the cryptocurrency sector celebrated as pro-crypto lawmakers were elected alongside Donald Trump’s victory. The industry invested millions to support candidates favoring Bitcoin and similar digital currencies. Key advocates, like Dennis Porter from the Satoshi Action Fund, highlighted their legislative goals, including the establishment of ...
Artificial intelligence is advancing quickly, learning to imitate human-like conversations, create art, and even replicate video games. However, a recent study warns that this rapid growth could contribute to a significant increase in electronic waste, with projections suggesting an additional 1.2 to 5 million metric tons by 2030 due to generative AI technologies. The study ...
The global surge in data centers is growing rapidly, driven by the demand for artificial intelligence. Major tech companies are exploring solutions like nuclear energy, liquid cooling, and quantum computing to support this trend. Critics highlight the hidden environmental costs associated with this AI boom, urging tech giants to reconsider their fast-paced growth strategies. As ...
U.S. regulators have reported that the operator of the Keystone pipeline is partly responsible for failures that led to the spill of nearly 13,000 barrels of crude oil in 2022.
The recent floods in Dubai have left a significant impact on various sectors, including the crypto community. The highly anticipated Token2049 conference, which was scheduled to take place in Dubai, faced disruptions due to the extreme weather conditions. This article aims to explore the implications of the Dubai floods on the Token2049 conference and the ...
