Electricity

Electricity

Markets

Suspected Electricity Thief Arrested After Mining $3 Million in Bitcoin, Ether

A man in Taiwan has been arrested over claims he mined $3.25 million in cryptos using stolen electricity.

Taiwan police car

Markets

Researchers Build Blockchain Electricity Exchange They Say Cuts Waste

A team from one of the top universities in China has developed a decentralized exchange, not for crypto assets, but for unused electricity.

solar power palnt

Markets

Another US County Hits Pause on Crypto Mining Power Requests

Franklin, Washington State, is the latest U.S. county to have suspended new utility applications from crypto mining farms over spiking power demands.

Washington electric cables

Markets

New Power Rates Approved for Crypto Miners in Upstate New York

A municipal utility provider in New York got the green light from state regulators to create a new set of electricity rates for cryptocurrency miners.

Cryptocurrency mining farm. Credit: Shutterstock

Markets

Montana County Delays Decision on Bitcoin Mining Suspension

A county in the U.S. state of Montana has postponed a decision on whether it should temporarily ban new bitcoin mining projects.

The average home in the U.S. uses 10,837 kWh per year.

Markets

Walmart Patent Eyes Crypto Payments for Power Supply Precision

Retail giant Walmart is exploring a way to let households manage their electricity bills with prepayments in cryptocurrency.

Walmart

Markets

Bitcoin Miners Arrested for Alleged Power Theft

Allegations of electricity theft have reportedly led to the arrest of bitcoin miners and equipment seizures in two Chinese cities.

wire

Markets

New York Power Providers Cleared to Hike Rates for Crypto Miners

Cryptocurrency mining firms in New York State could face higher electricity bills after a ruling from the public utilities regulator.

NY power plant

Markets

EU Can't Ban Bitcoin Mining Over Energy Concerns, Official Says

Cryptocurrency mining is perfectly legal in Europe and only subject to standard electricity rules, according to an EU commissioner.

European Commissioner for Digital Economy and Society Mariya Gabriel

Markets

Bitcoin Prices Spark Demand for Washington's Cheap Electricity

The Central Washington region of the U.S. has reported surging demand from bitcoin miners for its cheap hydropower as price gains continue.

Power grid