electricity

Did the Ethereum Merge lower global electricity consumption? Let’s see the data

Key facts: Global electricity consumption was expected to decrease by 0.2% after the Merge. Other GPU minable networks have seen a recent increase in hashrate. The relationship between electricity consumption and cryptocurrency mining is very close, which is why some members of the Ethereum community claim that the Merge contributed to significantly reducing the amount …

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4 Benefits of Bitcoin Mining for the Electricity Industry

chart shows growth in solar and wind energy production from 2020 to 2040

Key facts: The activity can help make better use of existing resources. In addition, it is capable of contributing to the reduction of gas emissions. Bitcoin mining is a positive for the energy industry for four reasons, says a report by research firm Arcane Research. This activity can strengthen electrical networks, improve the use of …

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5,000 Bitcoin Mining Rigs Shut Down Due to Rising Electricity Costs

A company that manages two farms full of Bitcoin miners in the state of Georgia, United States, announced the cessation of its operations in that locality. The complexes, which house some 5,000 ASIC devices, are operated by the company Compass Mining. The reason that forces these farms to close is an increase of more than …

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Bitcoin mining yields “disturbing” data on its electricity consumption, according to politicians

Key facts: The legislators submitted their report to the EPA for further investigation. Despite what Hauffman and his team point out, Bitcoin mining is getting cleaner. An investigation by US legislators revealed that seven of the companies dedicated to bitcoin mining in this country have a combined electrical consumption equivalent to that of all the …

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What happens to the marginal costs of electricity in the region?

What happens to the marginal costs of electricity in the region?

The marginal cost of electricity is a key indicator of the electricity market and a signal of its adjustment between supply and demand in the short term.. It reflects the cost of supplying an additional kilowatt hour (kWh) to the electrical system that results from the dispatch rule that each system follows. Electricity has high …

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If it’s not the cold, it’s the heat: Iran leaves Bitcoin miners without electricity again

chart shows average minimum and maximum temperatures in Tehran for June 2022

The Government of Iran, as of June 22 of this year, will once again suspend access to electricity for Bitcoin miners registered in this country. Mostafa Rajaba Mashhabi, spokesman for the state electric power industry, mentioned Iran’s electricity demand is estimated to exceed 63 GWh this week. Reason why they decided to take this measure, …

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Bitcoin miners cornered between electricity prices and market crash

Bitcoin Miner Earnings Bottom Before Recovering 20% ​​in 12 Hours

Key facts: Miners in Chelan, Washington will pay 30% more for the electricity they consume. Bitcoin and the entire cryptocurrency market continues to fall. The blow that the fall of the cryptocurrency market represents for Bitcoin miners is indisputable, but to this is added the increase in the price of electricity that has been applied …

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Opportunity for scholarships for women interested in regulating electricity markets: an IDB-ARIAE initiative

Opportunity for scholarships for women interested in regulating electricity markets: an IDB-ARIAE initiative

The Ibero-American Association of Energy Regulatory Entities (ARIAE) and the Energy Division of the Inter-American Development Bank (IDB) have partnered to award scholarships to women with an interest in regulating electricity markets in Latin America and the Caribbean. Three courses will be held, which will be taught in Spanish and virtual. At the IDB we …

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How does the demand for electricity in the countries of the region behave during the post-covid economic recovery?

Transformation of electricity demand

By: Franco Carvajal, Edilberto Matias and Michelle Hallack After more than two years of pandemic, the countries of Latin America and the Caribbean (LAC) are returning to a “new normal” thanks to their vaccination plans and an economic revival. As the confinement was so important to stop the spread of infections, the guarantee of the …

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