News with the tag "power grid"

Dagestan, a republic in Russia, is stepping up efforts to tackle illegal cryptocurrency mining due to its impact on the power grid and public safety. Underground mining operations have caused recent infrastructure damage, including a substation fire. Officials call for stricter measures to address t...

Paraguayan authorities have intensified their efforts to fight illegal bitcoin mining, using innovative techniques including artificial intelligence (AI) and its distribution systems to detect these activities. In less than a week, two new illegal bitcoin mining operations have been closed with over...

This move follows a recent crackdown that involved confiscating 2,000 cryptocurrency mining devices as part of an anti-corruption initiative.

The power industry is experiencing a surge in patent innovation, driven by the increasing demand for energy and the urgent need for energy efficiency. A recent report by GlobalData reveals that the past three years alone have seen a staggering 656,000 patents filed and granted within this dynamic se...

If consuming available energy is directly correlated with a growth in GDP, Bitcoin mining is the perfect companion to help our energy grids and our economy.

Ted Cruz, the U.S. Republican senator from Texas, expressed his optimism on Friday, stating he’s “bullish on bitcoin,” after a recent interview with Forbes released on September 8. During the conversation, Cruz highlighted emerging reports indicating that bitcoin mining is positively impacting Texas...